• Khalifa Port turns into a regional hub for Three of World’s High 4 delivery firms
Abu Dhabi, United Arab Emirates–(Antara/Enterprise Wire)- AD Ports Group, the area’s premier facilitator of logistics, business, and commerce, and France-based CMA CGM Group, a world chief in delivery and logistics, have introduced the signing of a 35-year concession settlement.
Underneath the phrases of the settlement, a brand new terminal will likely be established in Khalifa Port, the primary semi-automated container port within the GCC area, which will likely be managed by a three way partnership owned by CMA CGM’s subsidiary CMA Terminals (with a 70 % stake) and AD Ports Group (30 % stake). The companions are anticipated to commit roughly AED 570 million (USD 154 million) to the mission.
A state-of-the-art terminal to accompany the expansion of Khalifa Port
With building beginning in 2021, the brand new terminal is about to be handed over in 2024 with, in section 1, an preliminary quay size of 800 metres and an estimated annual capability of 1.8 million TEUs. AD Ports Group will likely be answerable for creating a variety of supporting marine works and infrastructure. This consists of as much as a complete of 1,200 metres of quay wall, a 3,800-metre breakwater, a totally built-out rail platform, and 700,000sqm of terminal yard.
The terminal will present CMA CGM with a brand new regional hub and can allow the Group to develop its service providing between Abu Dhabi and South Asia, Western Asia, East Africa, Europe and the Mediterranean in addition to the Center East and the Indian sub-continent.
With this main funding, the CMA CGM Group pushes forward with its international growth technique as a number one terminal operator. The Group at the moment operates 49 port terminals in 27 nations through its subsidiaries CMA Terminals and Terminal Hyperlink.
Khalifa Port, a hub for 3 of the world’s high 4 delivery firms.
CMA CGM Group is the third of the world’s top-four delivery entities to hitch forces with Abu Dhabi’s main facilitator of commerce, logistics and business. The settlement confirms Khalifa Port’s standing as considered one of just a few main ports on this planet offering hubs for 3 of the world’s high delivery traces, in addition to serving as an instrumental a part of the worldwide maritime commerce connecting markets from east to west.
CMA CGM, a dedicated companion to the UAE’s economic system
The UAE and Abu Dhabi’s central geographical location, on the middle of worldwide commerce routes, allows the CMA CGM Group to implement strategic growth plans, strengthening its place within the Gulf and offering one of the best providers to satisfy its clients’ wants.
Current within the UAE for 15 years, the CMA CGM Group employs round 450 folks working inside 10 workplaces to supply clients with one of the best maritime and logistics service options. The Group connects the UAE to the world with 13 weekly providers to 9 ports.
H.E. Falah Mohammed Al Ahbabi, Chairman of AD Ports Group, stated: “One of many key components that has vastly contributed to the financial progress of Abu Dhabi and the UAE has been our secure financial setting that’s ripe for overseas funding. Coupled with aggressive free zone and enterprise engagement initiatives that help overseas companies in establishing a presence within the nation with ease, the UAE has develop into a key funding vacation spot amongst most of the world’s main gamers looking for to increase their attain into the Center East.
“This landmark settlement with the CMA CGM Group is a major instance of these continued efforts and one that may considerably speed up commerce and the event of business within the UAE and past.”
“In addition to driving elevated commerce volumes by our port and elevating the UAE’s financial growth, we anticipate the ability’s capability and added commerce hyperlinks with different high-profile port locations will drive funding into native companies and our industrial zones, fast-track the event of key sectors together with manufacturing and logistics, and lift demand for manpower.”
“This settlement will help us to grasp our long-term ambitions to develop into a high 10 ports, industrial, and logistics operator by increasing our capability and progress throughout the area and past. In all, we mission that over the following 5 years the CMA Terminals three way partnership will drive the additional growth of the Khalifa Industrial Zone Abu Dhabi (KIZAD), whereas concurrently contributing considerably to the nationwide GDP.”
Captain Mohamed Juma Al Shamisi, Group CEO, AD Ports Group, stated: “The addition of a brand new container terminal at Khalifa Port, which will likely be managed by a three way partnership shaped in collaboration with CMA Terminals, opens a brand new chapter in our organisation’s efforts to develop into a key facilitator of worldwide commerce, and elevates Abu Dhabi’s standing as each a regional and a global hub for maritime commerce.
“With the addition of one other main worldwide delivery group firm, will make Khalifa Port a hub for 3 of the world’s high 4 delivery firms. This addition creates alternatives to open commerce routes to new markets in Europe, Africa, Western Asia, and South Asia. At house, we anticipate the presence of the delivery line terminal, which is able to hyperlink on to Khalifa Port’s upcoming rail terminal and utilise its providers, to speed up commerce flows transferring out and in of the UAE, whereas additionally encouraging CMA CGM Group’s clients to contemplate establishing a presence in Abu Dhabi.”
Rodolphe Saadé, Chairman and Chief Government Officer of the CMA CGM Group, stated: “The formidable mission we’re launching as we speak in Abu Dhabi marks an essential milestone in CMA CGM’s growth technique within the area.
This state-of-the-art terminal will contribute to enhancing Khalifa Port’s place as a number one international hub and to boosting the area’s economic system, accelerating commerce flows out and in of Abu Dhabi.
It is going to additionally allow our Group to increase its delivery and logistics community within the area, the place we see plenty of progress potential.”
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About CMA CGM
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Supply: AD Ports Group
