UAE’s $1.1 billion Khalifa Port expansion project unveiled

Khalifa Port expansion project in Abu Dhabi, United Arab Emirates (UAE) Inauguration of UAE President Sheikh Mohamed bin Zayed Al Nahyanoperator AD Ports Group said.

The expansion will require an investment of approximately US$1.1 billion (AED4 billion).

It covers the development of the Port’s South Terminal, Khalifa Port Logistics and Abu Dhabi Terminals.

The project helped expand the port’s size from 2.43 square kilometers to 8.63 square kilometers and extend the quay wall from 2.3 kilometers to 12.5 kilometers.

The expanded port will have 21 berths and provide a range of services to key strategic industries with an estimated value of US$5.5 billion (AED20.4 billion).

The port now serves more than 25 container lines and has direct access to more than 70 international destinations.

The expansion project is part of AD Ports’ plan to increase throughput at Abu Dhabi Ports to 15 million twenty-foot equivalent units (TEU) per annum and 25 million tonnes of general cargo per annum by 2030 .

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 expansion of Khalifa Port, which supports our smart development This important national project in the direction of Abu Dhabi and the UAE will place Abu Dhabi and the UAE at the forefront of global trade leadership.”

In another development, Sudan reached an initial $6 billion deal with a consortium led by AD Ports Group and Invictus Investment to Develop its Red Sea port and economic zone assetsaccording to Reuters.

The agreement gives the consortium sole rights to directly develop, operate and manage the assets.

It also enables the consortium to Entering into joint ventures, alliances or other agreements Develop, build, manage, operate and finance projects.