“AD Ports Group has installed the first 90-tonne block for the quay wall of the new CMA Terminals Khalifa Port, marking the major development milestone with a special ceremony,” the port operator said today.
Unveiled in September 2021 with a budget of AED3.3bn ($899m), the terminal will be managed by a joint venture owned 70% by CMA Terminals, a subsidiary of global shipping concern, CMA CGM, and 30% by AD Ports Group.
In setting up a regional hub in the Gulf, CMA CGM join MSC and Cosco Shipping Ports, who both launched facilities at KPCT in 2018.
“This is an important moment for our company and our partners, as work continues to develop this new terminal, which will expand our Group’s shipping and logistics network in the region,” Michael Lund Hansen, CEO of CMA Terminals Khalifa Port, said.
“Khalifa Port is a leading global hub that supports trade flows in and out of Abu Dhabi. With our new terminal and the shipping line services it will attract, Khalifa Port will see increased connectivity to global markets and further development of multi-modal logistics facilities, and advanced port infrastructure.”
Estimates on the timing of first operations at the facility appear to have been pushed back at least 12 months from earlier targets which called for launch in the first quarter of 2024.
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