35.2 C
Dubai
Sunday, October 6, 2024
spot_img

AD Ports reaches key milestone for new terminal work

[ad_1]

AD Ports Group has installed the first 90-ton blocks for the quay wall of the new CMA Terminals Khalifa port, marking a major development milestone with a special ceremony.

Announced in September 2021, the development of the new terminal is on track with a budgeted capital expenditure of AED 3.3 billion. The terminal is expected to be operational in the first half of 2025 and will be managed by a joint venture owned by CMA Terminals (70% ownership), a subsidiary of global shipping and logistics giant CMA CGM and AD Ports Group (30% ownership).

AD Ports Group is developing various supporting marine infrastructure for the terminal, which will provide a new regional hub for CMA CGM.

The ceremony was attended by senior management from AD Ports Group, CMA CGM and marine contractor NMDC, who signed the block and watched it lowered into place by offshore cranes.

When the quay wall is completed, the contracted block will be one of more than 6,000 berths 19m deep, and the port will be able to accommodate the world’s largest container ships. Other facilities under development include a 3,500-meter freestanding sea breakwater, a fully constructed rail platform and a 1,000,000-square-meter terminal yard.

Once ready, the new terminal will have an initial capacity of 1.8 million TEUs, will be fully integrated with Etihad Rail, and will significantly enhance Khalifa Port’s connectivity and position as the main gateway to the region.

Saif Al Mazrouei, CEO of AD Ports Group’s port cluster, said: “Today is a pivotal time for the development of the new terminal at Khalifa Port, which will drive increased trade volumes and establish new trade links with other prominent figures in the port, facilitating the The economy of the UAE. The scale of the 1,200-meter-long quay wall demonstrates the ambition of the project, which will create a major hub for CMA CGM, one of the leaders in shipping and logistics, with access to cutting-edge technology and service support.”

“With the arrival of CMA CGM, Khalifa Port now provides a hub for three of the world’s four largest shipping companies, strengthening our position as a leading facilitator of trade, logistics and industry.”

Michael Lund Hansen, CEO of CMA Terminals Khalifa Port, said: “This is an important moment for our company and our partners as we continue to develop this new terminal, which will expand our group’s shipping in the region and logistics network. Khalifa Port is a leading global hub supporting trade flows in and out of Abu Dhabi. With our new terminal and the shipping services it will attract, Khalifa Port will enhance connectivity to global markets, Further development of intermodal logistics facilities and advanced port infrastructure.”

David Gatward, Chief Engineering and Technical Services Officer, AD Ports Group, said: “As evidenced by today’s ceremony, we have made tremendous progress in the development of CMA Terminals Khalifa Port. In addition to the commencement of construction of the quay wall, other ongoing marine works , including land reclamation for the new terminal, construction of a new port basin and offshore breakaway breakwater, are on schedule. Recently, a design and construction contract for a 33kV substation has also been awarded. Continued development and expansion of the terminal will increase our container handling capacity capacity and improve operational efficiency.”

Khalifa Port is one of the most technologically advanced ports in the world, featuring the Middle East’s first autonomous transport truck system, automated stacking cranes, aerial drones, 360-degree sensing systems and automated terminal operations.

It ranks in the top five in the Global Container Port Performance Index (CPPI) developed by the World Bank and S&P Global Market Intelligence. – TradeAbia News | Services

[ad_2]

Source link

Related Articles

Aspired to Meet Mr. Anand Mahindra & Later started his Own Company, Story about Kapil Rajpurohit – Visionary Behind Tex Story India.

Anand Mahindra is a prominent figure in India’s economic landscape, and his influence is substantial, we’re sure he’s an Inspiration to many, one such...

Global Markets Plunge into Turmoil as Middle East Tensions Escalate Following Iran’s Missile Launch

Global financial landscape has been rocked by escalating tensions in the Middle East, particularly following Iran’s launch of ballistic missiles at Israel.This alarming development...

WETEX 2024 Triumphs in Dubai: Pioneering Green Mobility Solutions Propel UAE’s Net Zero Vision

WETEX 2024, the Water, Energy, Technology, and Environment Exhibition, unfolded in Dubai with a resounding success, spotlighting innovative solutions aimed at shaping a sustainable...

Air Arabia Launches Exciting Mega Sale: 500,000 Seats from Just Dh129, Making Travel Affordable for All UAE Residents!

Air Arabia has announced a thrilling new mega sale that is set to make travel more accessible and affordable for all UAE residents.The Air...

UAE Empowers Businesses: FTA Extends Corporate Tax Deadline to Boost Compliance and Growth

UAE has taken another step in empowering its business community by extending the corporate tax filing deadline.This move, initiated by the Federal Tax Authority...

Latest Articles