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AD Ports Group, the major logistics, industry and trade promoters in the region, and France-based CMA CGM Group (the world leader in shipping and logistics) announced the signing of a 35-year franchise agreement.
According to the terms of the agreement, a new terminal will be established at Khalifa Port, the first semi-automated container port in the Gulf Cooperation Council region. The terminal will be a joint venture owned by CMA CGM CGM Terminal (which owns 70% of shares), a subsidiary of CMA CGM Management) and AD Ports Group (30% of the shares). The partners are expected to invest approximately 570 million dirhams ($154 million) for the project.
The most advanced terminal that accompanies the development of Khalifa Port
The construction of the new terminal will start in 2021, and the new terminal will be delivered in 2024. The initial terminal length of the first phase is 800 meters, and the annual throughput is expected to be 1.8 million TEUs. AD Ports Group will be responsible for the development of various supporting marine projects and infrastructure. This includes a total length of 1,200 meters of dock walls, a 3,800 meters of breakwater, a fully completed railway platform and 700,000 square meters of dock yard.
The terminal will provide a new regional hub for CMA CGM ships and enable the group to develop its service offerings between Abu Dhabi and South Asia, West Asia, East Africa, Europe and the Mediterranean, and the Middle East and the Indian subcontinent.
Through this major investment, CMA CGM is promoting its global expansion strategy as a leading terminal operator. The group currently operates 49 port terminals in 27 countries/regions through its subsidiaries CMA Terminals and Terminal Link.
Khalifa Port, a hub for three of the world’s four largest shipping companies.
The CMA CGM Group is the third of the four largest shipping entities in the world to cooperate with Abu Dhabi’s leading trade, logistics and industrial facilitators. The agreement confirms that Khalifa Port is one of the few major ports in the world, provides a hub for the three top shipping companies in the world, and serves as an important part of global maritime trade connecting the East and West markets.
CMA CGM, a loyal partner of the UAE economy
The UAE and Abu Dhabi are centrally located at the center of international trade routes, enabling CMA CGM Group to implement strategic development plans to strengthen its position in the Gulf region and provide the best services to meet customer needs.
CMA CGM Group has a history of 15 years in the UAE, with approximately 450 employees in 10 offices, providing customers with the best shipping and logistics service solutions. The group provides 13 services to 9 ports every week, connecting the UAE with the world.
Falah Mohammed Al Ahbabi, Chairman of AD Ports Group, “One of the key factors that have made a huge contribution to the economic growth of Abu Dhabi and the UAE is our stable economic environment, suitable for foreign investment. Together with competitive free zones and business participation plans, these initiatives help Foreign companies can easily establish operations in the country, and the UAE has become a major investment destination for many world-leading companies seeking to expand their operations to the Middle East.
“This landmark agreement with CMA CGM Group is a typical example of these continued efforts and will significantly accelerate the development of trade and industry in the UAE and beyond.”
“In addition to boosting trade volume and enhancing the economic development of the UAE through our port, we expect that the capacity of the facility and trade links with other well-known port destinations will promote investment in local companies and our industrial zone, and accelerate the development of manufacturing. Key industries such as logistics and logistics, and increase the demand for manpower.”
“This agreement will help us realize our long-term ambition to become the top ten port, industrial and logistics operator by expanding our capacity and growth in the region and beyond. In short, we expect that the CMA Terminals joint venture will be Promote the further development of the Khalifa Industrial Zone in Abu Dhabi (KIZAD), and at the same time make a significant contribution to the country’s GDP.”
Captain Mohamed Juma Al Shamisi, CEO of AD Ports Group, “The addition of a new container terminal in Khalifa Port, which will be managed by a joint venture established in cooperation with CMA CGM Terminal, opens a new chapter in our organization’s efforts to become a major facilitator of global trade and enhances Abu Dhabi. As a regional and international maritime trade hub.
“With the addition of another leading global shipping group company, Khalifa Port will become a hub for three of the world’s four largest shipping companies. This creates a trade route for opening up new markets in Europe, Africa, West Asia and South Asia. At home, we expect that the existence of shipping line terminals will directly connect to Khalifa Port’s upcoming railway terminal and use its services to accelerate the flow of trade in and out of the UAE. At the same time, we also encourage CMA CGM’s customers to consider establishing in The existence of Abu Dhabi.”
Rodolphe Saadé, Chairman and CEO of CMA CGM, Said: “The ambitious project we launched in Abu Dhabi marks an important milestone in CMA CGM’s development strategy in the region.
This state-of-the-art terminal will help enhance Khalifa Port’s status as a leading global hub, promote the economic development of the region, and accelerate the flow of trade in and out of Abu Dhabi.
It will also enable our group to expand its shipping and logistics network in the region, where we see great growth potential. “
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