AD Ports, CMA CGM to expand joint terminal at Khalifa Port: Port operator AD Ports Group has inked an agreement with French shipping giant CMA CGM to expand their joint terminal at Khalifa Port, according to a statement. The agreement — which comes almost a year after the terminal launched operations — will see the pair funnel AED 420 mn (USD 115 mn) into the expansion project, with each contributing investments proportionate to their stakes in the terminal.

Expansions, expansions, and more expansions: The expansion will boost the terminal’s annual handling capacity by more than 50% to 2.7 mn TEUs by 2028 — which is set to boost the overall capacity across Khalifa Port by 9% to 10.5 mn TEUs per annum. The expansion will extend the quay wall length by 50% to 1.2k meter and the yard area by over 40% to 667k sqm. The project will also upgrade utilities and systems, including reefer racks to monitor refrigerated container storage.

BACKGROUND- AD Ports and CMA CGM operate the terminal under a joint venture, with CMA Terminals holding a 70% stake and AD Ports retaining 30%. The pair first announced the AED 3.1 bn terminal project back in 2021, initially committing some AED 570 mn, and inking a 35-year concession agreement for the terminal.

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