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His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, inaugurated the expansion of Khalifa Port – a total investment of AED4 billion (US$1.089 billion) in Abu Dhabi major development projects.
Falah Mohammed Al Ahbabi, Chairman of AD Ports Group, and Capt Mohamed Juma Al Shamisi, Managing Director and Group Chief Executive Officer of AD Ports Group, briefed His Highness on the important milestones of the Khalifa Port expansion project since its opening 10 years ago, as well as a review of the region’s Future plans for major ports.
The President also toured the newly expanded facility and logistics available for import and export operations.
“The expansion of Khalifa Port is a major national project and is considered to be an important addition to the UAE’s ports and logistics services and will further enhance the UAE’s position in global trade,” His Highness said, adding, “Khalifa Together with ports in other countries, Hong Kong is an important cornerstone of national economic development and diversified development.”
Sheikh Khalid bin Mohamed bin Zayed, Member of the Executive Council and Chairman of the Abu Dhabi Administrative Office, Sheikh Mohamed bin Hamad bin Tanu Al, Special Advisor to the Presidency The inauguration ceremony was attended by Nahyan, Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, Mohammad Ali Al Shaurafa, Chairman of Abu Dhabi Department of Economic Development, and several senior officials.
UAE President officially launches expansion plan, marks AD Ports Group’s listing on the Abu Dhabi Securities Exchange (ADX), opening of new trade corridors, completion of a series of major acquisitions, rapid transformation of business and service portfolio, and partnership with UAE’s existing and emerging trading partners Build strong relationships.
As part of the expansion, including a total investment of 4 billion dirhams to develop the port’s South Terminal, Khalifa Port Logistics and Abu Dhabi Terminals, the area of ​​Khalifa Port has increased from 2.43 square kilometers to 8.63 square kilometers, while its terminal The wall has also been significantly extended from 2.3 km to 12.5 km. 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 plan will make a significant contribution to AD Port Group’s goal of increasing Khalifa Port’s handling capacity to 15 million TEUs per annum and general cargo handling capacity to 25 million tonnes by 2030.
Officially inaugurated by the late Sheikh Khalifa on December 12, 2012, Khalifa Port was developed from a reclaimed land 4 kilometers from the sea and is now a major hub serving more than 25 container shipping lines , with direct connections to more than 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.
Falah Mohammed Al Ahbabi, Chairman of AD Ports Group, said: “We are honored to welcome His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, to inaugurate the Khalifa Port expansion project, which supports the direction of development Key national projects Our wise leadership has placed Abu Dhabi and the UAE at the forefront of global trade.
“Today, Khalifa Port is one of the most advanced deepwater ports in the world. By continuing to expand our international presence, we are honoring the leaders who set us on a path of progress. We are constantly reaching new goals and through our Expertise and global focus to deliver exceptional results.”
Captain Mohamed Juma Al Shamisi, Managing Director and Group Chief Executive Officer of AD Ports Group, said: “We thank His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, for honoring us by inaugurating the Khalifa Port expansion project. What we have achieved throughout our history All achievements have been supported and guided by the UAE leadership.
“Today, we celebrate the 10th anniversary of Khalifa Port and the 50th anniversary of Zayed Port in 2022, a year of transformation for our organization as we expand our international reach and strengthen our offerings Portfolio. We have grown from a local champion to a listed group with growing global reach. We will continue to expand and invest in the future and demonstrate our outstanding capabilities in the international market. ”
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.
Key achievements in 2022 include a series of transformative acquisitions including a 70% stake in Transmar Egypt and TCI, which provides the company with a market-leading platform to operate across the Red Sea and beyond; an 80% stake in Global Feeder Shipping, contribute to its long-term strategy to become one of the world’s premier short sea and feeder shipping companies; and the acquisition of Noatum, which will allow the company to build a strong international logistics brand with deep roots in the region.
The company has also acquired companies and announced a number of joint ventures to expand its maritime services portfolio and global reach, such as Safeen Invictus, Divetech, Alligator Shipping, ASCL and Safeen Surveys and Subsea Services.
In addition, AD Ports Group has significantly increased its fleet to over 175 vessels and expanded the range of trade routes to cover most of the world and offer 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 key drivers of trade, industry and trade Significantly increased global popularity. logistics, it said. – trade arab news agency
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