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AD Ports inaugurates new AED 3.1 bn container terminal at Abu Dhabi’s Khalifa Port: AD Ports has opened a new container terminal at Abu Dhabi’s Khalifa Port as part of a JV with CMA Terminals, a subsidiary of French logistics giant CMA CGM Group, according to a statement (pdf) released on Thursday. The AED 3.1 bn terminal will be managed by the pair under the JV, with CMA Terminals holding a 70% stake and AD Ports holding 30%.
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Background: The pair first announced the project in 2021, initially committing some AED 570 mn, and inking a 35-year concession agreement for the terminal.
The facility will expand the port’s total container capacity by 23% to reach nearly 10 mn twenty-foot equivalent units. The inauguration of the terminal marks the completion of phase one of the project, though the statement does not disclose the details for future phases of expansion or development.
Going green: The terminal offers shore-power for vessels and several solar panel areas to support terminal operations. It also hosts a net zero carbon administration building powered by renewable energy.
CMA CGM’s been busy in the region: Saudi Arabia’s Almajdouie Logistics finalised in October a joint venture (JV) with France-based CMA CGM’s logistics arm CEVA Logistics to boost logistic services in the Kingdom. The Saudi Ports Authority (Mawani) and CMA CGM broke ground over a year ago on their new SAR 487 mn integrated logistics area in Jeddah Islamic Port. CMA CGM also inked a 25-year agreement in October with the firm to form a joint venture to equip and operate half of Nador West Med container terminal.
