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MSC to invest US$1.09b in major expansion of Abu Dhabi's Khalifa port
来源： 编辑：编辑部 发布：2018/05/14 09:11:06
MEDITERRANEAN Shipping Co (MSC) is to invest through Terminal Investments Ltd (TiL) AED4 billion (US$1.09 billion) in the UAE's Khalifa port, after signing a 30-year concession with Abu Dhabi Ports.
The investment will lead to the development of 12 quays over the next two years, bringing the total number at the port to 25, and the deepening of berths, reported Seatrade Maritime News, Colchester, UK.
"Abu Dhabi Ports has successfully attracted two of the world largest companies in the field of shipping and container handling to develop a regional hub at Khalifa port. Over the next five years the capacity of two container terminals at Khalifa port will increase to more than 8.5 million TEU annually," said Abu Dhabi Ports CEO Al Shamisi.
The port currently has a capacity of 2.5 million TEU that is set to rise to 5.3 million TEU by 2020 when it will become a semi-automated facility.
UAE Minister of State and Abu Dhabi Ports chairman Sultan Ahmed Al Jaber commented: "These agreements cement the UAE and Abu Dhabi's position as a global trading, shipping and logistics hub. This agreement will also promote economic growth and increased investment through the rise in container traffic."
Khalifa port is the flagship of Abu Dhabi Ports, which owns half of Abu Dhabi Terminals, which in turn manages Khalifa Port Container Terminal.
The investment will lead to the development of 12 quays over the next two years, bringing the total number at the port to 25, and the deepening of berths, reported Seatrade Maritime News, Colchester, UK.
"Abu Dhabi Ports has successfully attracted two of the world largest companies in the field of shipping and container handling to develop a regional hub at Khalifa port. Over the next five years the capacity of two container terminals at Khalifa port will increase to more than 8.5 million TEU annually," said Abu Dhabi Ports CEO Al Shamisi.
The port currently has a capacity of 2.5 million TEU that is set to rise to 5.3 million TEU by 2020 when it will become a semi-automated facility.
UAE Minister of State and Abu Dhabi Ports chairman Sultan Ahmed Al Jaber commented: "These agreements cement the UAE and Abu Dhabi's position as a global trading, shipping and logistics hub. This agreement will also promote economic growth and increased investment through the rise in container traffic."
Khalifa port is the flagship of Abu Dhabi Ports, which owns half of Abu Dhabi Terminals, which in turn manages Khalifa Port Container Terminal.