$100m investment in Khalifa Port cargo expansion
RELATED ARTICLE: Khalifa ranks fifth in EMEA productivity report
Abu Dhabi Terminals, operator of Khalifa Port Container Terminal, will spend $109million (400 million AED) in the next three years on expanding the terminal to handle more cargo.
Chief executive officer Martijn Van De Linde told Gulf News that the investment will cover new cranes and increasing the yard capacity of the port located in Taweelah, midway between Dubai and Abu Dhabi.
The port boasts about 20 weekly container line services to more than 50 destinations, connecting Khalifa Industrial Zone Abu Dhabi (KIZAD), Abu Dhabi and the wider UAE with the world markets.
The main import commodities at the port are hay, oil and gas related products, metals, foodstuff, paper, construction material, machinery parts, pipes and tyres. The main import destinations are China, Singapore, Taiwan, South Korea, Italy, Spain, the US and India.
Various commodities like petrochemical products, aluminium, metals, pipes and construction material are exported from the port to China, Singapore, South Korea, India, Saudi, Egypt, Malaysia and Italy.
The port, which opened in December 2012, recently ranked fifth in the the Journal of Commerce's Europe, Middle East and Africa (EMEA) port productivity report.