Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest commercial port operator, is on the verge of securing the rights to develop and manage cargo berths at the main port of Dar es Salaam in Tanzania. Reports suggest that billionaire Gautam Adani is emerging from the Hindenburg episode and making his first significant acquisition, marking the third global acquisition by his port’s unit in recent years.

The deal’s exact value has not been disclosed, but it is believed to be a substantial move that will propel APSEZ closer to its ambitious goal of becoming the world’s largest port operator by 2030.

The Tanzania Ports Authority (TPA), which oversees ports in the East African nation, is expected to announce the winner of a dual tender to privatize Dar es Salaam Port soon. The port handles approximately 95% of Tanzania’s international trade. APSEZ, in collaboration with Abu Dhabi Ports Group, is reportedly part of the contenders, having placed a joint bid for the development of break bulk/dry bulk and container berths at Dar es Salaam Port. The port is of great significance, serving as the main gateway to Tanzania’s hinterland and the Great Lakes region while also playing a pivotal role in supporting the economies of neighbouring landlocked countries like Zambia, Democratic Republic of Congo, Burundi, Rwanda, Malawi, Uganda, and Zimbabwe.

Strategically located, Dar es Salaam Port serves as a crucial freight link between East and Central African countries and facilitates trade with the Middle East, Europe, Australia, and America. The potential acquisition represents a major milestone for Adani Ports as it expands its operations and global footprint.