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18 January 2019 The on-line newspaper devoted to the world of transports 14:31 GMT+1

May 8, 2018

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Shipowning group MSC will manage a new container terminal in the port of Khalifa

Abu Dhabi Ports will acquire having remained 50% of the capital of Abu Dhabi Terminals

The shipowning group Helvetic Mediterranean Shipping Company (MSC), through the filial Terminal Investment Limited (TIL), will manage a new container terminal in the port of Khalifa, in the United Arab Emirates. The Swiss company has undersigned a contract of concession with Abu Dhabi Ports of the duration 30-year-old that previews investments by MSC pairs to four billions of dirham (1,1 billion dollars).

Group MSC previews to transfer in the port of Khalifa already beginning from leaves of own containerized trade enlivened in the region the next July. According to the forecasts, thanks to the new volumes the port emiratino will increase the annual traffic from 2,5 million teu enlivened in 2017 (the 1,6 million one teu in 2016) to 5,3 million teu in 2020. Abu Dhabi Ports esteem that in five years the volume of annual activity will arrive to 8,5 million teu.

The agreement with MSC joins in a development plan of the port of Khalifa that among other things previews the means acquisition of handling, with 13 cranes ship-to-Shore that within next the two years will join to the 12 already operating ones in Khalifa Port Container Terminal (KPCT), the inaugurated landing place on December 12, 2012 that it is managed by Abu Dhabi Terminals (ADT).

The Abu Dhabi Terminals society is participated to 50% by Abu Dhabi Ports with the remaining quota capital that currently is stopped by the governmental society Mubadala through the Mubadala Investment Company and by the society of private equities Mubadala Infrastructure Partners (MIP) promoted from Mubadala, GE and Credit Suisse. In recent days Mubadala Investment Company and MIP have signed an agreement in order to yield their participation of 50% in Abu Dhabi Terminals to Abu Dhabi Ports.

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