UAE President inaugurates AED4 billion expansion of Khalifa Port

It now offers 21 berths and offers a range of bespoke services to key strategic industries, placing it among the global elite of deepwater ports with an estimated value of AED 20.4 billion.

“The Khalifa Port expansion is a major national project that is considered to be an important addition to the UAE’s port and logistics services and will further enhance the UAE’s position in global trade,” the president said. “Khalifa Port, like other national ports, is an important cornerstone for the development and diversification of the national economy.”

The expansion plan will make a significant contribution to AD Port Group’s goal of increasing Khalifa Port’s throughput to 15 million TEUs per annum and 25 million tonnes of general cargo by 2030.

The President was briefed by Falah Mohammed Al Ahbabi, Chairman of AD Ports Group, and Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, on the important milestones of the Khalifa Port expansion project since its opening 10 years ago.

Officially inaugurated by the late Sheikh Khalifa on December 12, 2012, Khalifa Port was developed from a reclaimed land 4 kilometers out to sea and is now a major hub serving more than 25 container shipping lines, Direct connections to over 70 international destinations. It ranks among the top five in the Global Container Port Performance Index (CPPI) developed by the World Bank and S&P Global Market Intelligence, and currently has three of the world’s four largest shipping lines, namely CSP COSCO, MSC and CMA CGM.

“Today, Khalifa Port is one of the most advanced deepwater ports in the world. By continuing to expand our international presence, we honor the leaders who set us on this path of progress. With our expertise and global focus, we Continually reaching new heights and achieving great results,” said Al Ahbabi.

AD Ports Group has developed into a key driver of economic growth, contributing AED 152.8 billion to the UAE’s GDP, accounting for 13% of the UAE’s non-oil GDP, and creating approximately 373,500 jobs. It continues to attract foreign direct investment through economic cities and industrial zones managed by the KEZAD Group, and offers a wide range of digital services to facilitate trade and transportation.

Additionally, AD Ports Group’s fleet has grown to over 175 vessels and has expanded the reach of trade routes to cover most of the world and provide the highest level of connectivity between the Arabian Gulf, Indian Ocean, Red Sea, East Africa, and Central Asia .

The result is record financial performance – Q3 2022 revenue of AED 1.466 billion and net profit of AED 334 million – and the company and Abu Dhabi as a key driver of trade, industry and development Significantly increased global popularity. logistics.