UAE President inaugurates Khalifa Port expansion project with Dhs4bn investment

UAE President Sheikh Mohamed bin Zayed Al Nahyan, inaugurated the Khalifa Port expansion project, with a total investment of Dhs4bn.

The expansion includes the development of the port’s South Quay, Khalifa Port Logistics and Abu Dhabi Terminals.

Additionally, Khalifa Port has grown from 2.43 square kilometre to 8.63 square kilometre, while its quay wall has been extended from 2.3km to 12.5km. It now provides 21 berths and offers a range of services for key industries, with an estimated value of Dhs20.4bn.

The programme is set to make a major contribution to AD Port Group’s goal of increasing handling capacity at Khalifa Port by 2030 to 15 million TEUs (twenty-foot equivalent unit) per year, and general cargo handling capacity to 25 million tonnes.

“The Khalifa Port expansion project is one of the specialised national projects and is considered to be an important addition to the country’s ports and logistical services that aims at enhancing the UAE’s position in the global trade movement,” said Sheikh Mohamed.

“The official inauguration marks another major milestone in a year that has seen AD Ports Group list on the Abu Dhabi Securities Market (ADX), open new trade corridors, complete a series of major acquisitions, rapidly transform its business and portfolio of services, and build strong relations with existing and emerging trade partners for the UAE,’ he added.

#UAEPresident: The opening of the new South Quay at Khalifa Port is an important addition to our country’s ports infrastructure. Its establishment builds upon the longstanding role that UAE’s trade and logistics capabilities have played in our nation’s progress and development. pic.twitter.com/qdKs4bJ02d

— WAM English (@WAMNEWS_ENG) December 13, 2022

Officially inaugurated by late Sheikh Khalifa bin Zayed Al Nahyan on December 12, 2012, Khalifa Port was developed from a stretch of reclaimed land four kilometres out to sea and is now a major hub serving more than 25 container shipping lines with direct links to more than 70 international destinations. It has been ranked in the top five of the global Container Port Performance Index (CPPI), developed by the World Bank and S&P Global Market Intelligence.

Falah Mohammed Al Ahbabi, chairman of AD Ports Group, added: “Today, Khalifa Port is one of the most advanced deep-water ports in the world. By continuing to expand our operations internationally, we are honouring the memory of the leaders who placed us on the path to progress. We have continued to reach new heights and deliver outstanding results through our expertise and global focus.”