Maqta Gateway Secures Majority Stake in Dubai Technologies

Maqta Gateway, the digital arm of AD Ports Group, has clinched a 60% equity stake in Dubai Technologies, a developer of trade and transportation solutions.^[1]

Backed by Abu Dhabi's wealth fund, ADQ, Maqta Gateway finalized the acquisition for a reported $7.6 million.

The acquisition encompasses a comprehensive agreement inclusive of deferred payments and performance-related earnout provisions. Dubai Technologies will retain a significant 40% ownership stake, while the incumbent leadership team will continue to helm the company's operations.

Through this collaboration, Maqta Gateway aims to augment its suite of digital offerings in port digitalization and trade facilitation.