Building Container Capacity
Continuing the fast-paced growth of Khalifa Port, AD Ports Group, and France-based CMA CGM Group, a world leader in shipping and logistics signed a 35-year concession agreement for a new terminal to be established in Khalifa Port.
The Terminal will be managed by a joint venture owned by CMA CGM’s subsidiary CMA Terminals (with a 70 percent stake) and AD Ports Group (30 percent stake) with a total investment of AED 570 million (USD 154 million) into the project.
A State-of-the-Art Terminal
With construction starting in 2021, the new terminal is set to be handed over in 2024 with, in phase 1, an initial quay length of 800 metres and an estimated annual capacity of 1.8 million TEUs.
A wide range of supporting marine works and infrastructure will also be developed, including a total of 1,200 metres of quay wall, a 3,800-metre breakwater, full built-out rail platform, and 700,000sqm of terminal yard.
CMA CGM Regional Hub
The terminal will provide CMA CGM with a new regional hub and will enable the Group to develop its service offering between Abu Dhabi and South Asia, Western Asia, East Africa, Europe and the Mediterranean as well as the Middle East and the Indian Subcontinent.
With this major investment, the CMA CGM Group pushes ahead with its global expansion strategy as a leading terminal operator. The Group currently operates more than 49 port terminals in 27 countries via its subsidiaries CMA Terminals and Terminal Link.