AD Ports + CMA CGM launch new container terminal at Abu Dhabi’s Khalifa Port

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). 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%.

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.