MSC to invest heavily in the UAE
Subsidiary TIL obtained from Abu Dhabi Ports a 30 year concession at the Khalifa container terminal
Abu Dhabi Ports has released a 30-year concession with MSC’s subsidiary TIL to develop a new terminal at Khalifa in the United Arab Emirates to join the existing facility operated by Abu Dhabi Ports Company (inaugurated on 12 December 2012) and another new terminal currently under construction being built for Cosco Shipping Ports; the latter has a 35-year concession on Phase II, which will consist of 1,200 m of quay and a capacity of 2.4 million TEUs, for which it ordered ZPMc 11 shiptoshore cranes and 24 ASC cranes.
MSC’s investment of 1 billion USD will be spread over the 30-year concession.
The company owned by Gianluigi Aponte plans to gradually shift some trade in the region, derouting from Jebel Ali, starting July 2018 so to increase Khalifa Port’s capacity from 2.5m TEUs in 2017 to 5.3m TEUs by 2020, making it one of the top 25 ports worldwide. Over next five years, the capacity of two container terminals at Khalifa Port will increase to 8.5 million TEUs annually.
Abu Dhabi Ports emphasised the scale of the development, including an increase in the 12 shiptoshore cranes to make a total of 25 most technologically advanced cranes in the world over two years; in addition, deepening the berth will make Khalifa the first port in the region capable of receiving the largest shipping vessels in the world specialised in bulk cargo shipment.