VIDEO: Agility says COSCO-KIZAD deal represents ‘huge opportunity’
The decision by COSCO Shipping Ports Limited (CSP) to establish a container terminal at Port Khalifa, and transfer its Asian imports and exports from Jebel Ali to KIZAD, represents a ‘huge opportunity’ for Abu Dhabi-based logistics firms, says Bassel El Dabbagh, CEO Agility Abu Dhabi.
“There are huge opportunities from China’s growing involvement in the UAE logistics sector,” he told Logistics Middle East. “A major influence in our decision to invest in KIZAD, apart from Port Khalifa being a leading port in the region and the freezone being one of the fastest growing, was because of China’s investment in the port, as a terminal operator and as a major tenant.”
Abu Dhabi Ports and COSCO Shipping Ports Limited (CSP) held a ground-breaking ceremony in November last year for the CSP Abu Dhabi Container Terminal at Port Khalifa, marking the start of the shipping giant’s plan to expand Port Khalifa’s annual container handling capacity by 3.5-million TEU.
A new agreement between CSP, the world’s leading ports operator, and Abu Dhabi Ports was also signed during the ceremony for development of the largest container freight station in the region.
The new Container Freight Station will provide Abu Dhabi trade with a state of the art facility offering bonded LCL/FCL consolidation and de-consolidation services, cross stuffing, cargo weight reduction, short term warehousing for de-consolidated cargo as well as easy connectivity with the container terminals in Khalifa Port.
“There will be six large Chinese companies that will establish region hubs in KIZAD in the coming years, and this is only the first wave, they will encourage other major Asian brands to invest in the freezone as well, making it a significant Chinese import-export hub,” says El Dabbagh.
Agility is planning to build a new warehouse in Abu Dhabi’s KIZAD, as part of its expansion plans in the emirate with a AED100-million investment in a 21,000sqm warehouse and a new fleet of 50 trucks.
Watch the video below