{"id":104234,"date":"2025-06-02T00:00:00","date_gmt":"2025-06-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/hong-kong-based-hph-ajman-port-and-customs-to-invest-aed-1-bn-into-port-revamp\/"},"modified":"2025-06-02T00:00:00","modified_gmt":"2025-06-02T00:00:00","slug":"hong-kong-based-hph-ajman-port-and-customs-to-invest-aed-1-bn-into-port-revamp","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/06\/02\/hong-kong-based-hph-ajman-port-and-customs-to-invest-aed-1-bn-into-port-revamp\/","title":{"rendered":"Hong Kong-based HPH + Ajman Port and Customs to invest AED 1 bn into port revamp"},"content":{"rendered":"

Ajman Port to get an AED 1 bn revamp:<\/strong> The Department Of Ports and Customs Ajman inked an MoU with Hong Kong-based logistics firm Hutchison Port Holdings (HPH) to expand and establish the infrastructure at the port, according to a statement<\/a>. The pair will foot the bill together for the project\u2019s AED 1 bn investment. The timeline for the project was not disclosed.<\/p>\n

What we know so far:<\/strong> HPH will operate, manage, and develop the port under a 15-year concession period. Under the agreement, the two parties will develop a strategic plan for the project to boost performance, safety, operational efficiency, and attract new shipping lines. The project will also aim to integrate AI-powered programs to streamline operations at the port.<\/p>\n

Longtime friends: <\/strong>The Hong Kong-based operator first inked an agreement<\/a> with Ajman Port Authority to operate the port\u2019s container terminal for a 10-year concession period under its subsidiary Hutchison Ajman International Terminals (HAJT) back in 2011. HAJT took over management at the port effective from 2012<\/a>.<\/p>\n

About Ajman Port:<\/strong> The port \u2014 nestled nearly 25 km from Dubai and 10 km from Sharjah<\/a><\/a> \u2014 serves as a key maritime hub for local export and import flows and hosts prominent manufacturing and trading firms. The container terminal spans some 12.9 hectares and has a total quay length of 1.25k meters. <\/p>\n

Not HPH\u2019s first port development venture in UAE: <\/strong>The firm inked a 25-year concession<\/a>agreement<\/a> with Ras Al Khaimah Ports (RAK) to develop a 350k TEU capacity container terminal at Saqr Port back in 2017. RAK extended HPH\u2019s contact last month<\/a> \u2014 with the firm set to continue offering its services at the port until 2037.<\/p>\n

\n

IN OTHER LOGISTICS NEWS- <\/strong><\/p>\n

UAE + Malaysia in<\/strong>k maritime, food security MoUs: <\/strong>The Investment Ministry inked an MoU with Malaysia\u2019s Perak State Development Corporation to develop a multipurpose terminal at Began Datuk Port and collaborate in the reinforcement of global food security, according to a statement<\/a> released on Thursday. The agreement was signed by Investment Minister Mohamed Hassan Al Suwaidi and Perak State Development Chairman Yab Dato\u2019 Seri Mohamed during the ASEAN-GCC Economic Forum held in Malaysia.<\/p>\n

The multipurpose terminal is set to operate as a key gateway for Malaysia\u2019s food exports<\/strong>, located as a link between China, ASEAN states, and the GCC, Wam<\/a> reported on Friday. The agreement also pertains to the development of a Halal Industries and AI hub at the port, Edge Malaysia<\/a> reported on Thursday. <\/p>\n

Background:<\/strong> The UAE signed a comprehensive economic partnership agreement (CEPA) with<\/a>Malaysia in March<\/a>. The project looks to build on the pair\u2019s existing non-oil trade, with the UAE standing out as Malaysia\u2019s second-biggest trading partner in the region \u2014 accounting for 32% of the nation's total trade with the region. Bilateral trade hit USD 4.9 bn in 2023 and USD 4 bn in the first nine months of 2024, Wam<\/a> added.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Hong Kong-based operator first inked an agreement with Ajman Port Authority to operate the port\u2019s container terminal for a 10-year concession period back in 2011<\/p>\n","protected":false},"author":1,"featured_media":104235,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1605],"tags":[1435,2331,7,88,161,779],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-104234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade-logistics","tag-ajman","tag-ajman-port","tag-enterpriseam-uae","tag-hong-kong","tag-infrastructure","tag-trade-logistics","wpautop","entry"],"acf":{"mongo_id":"75af6417-d8fb-486f-b075-81d211135c32","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/6\/90.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Hong Kong-based HPH + Ajman Port and Customs to invest AED 1 bn into port revamp","related_issue":[104225],"teaser":"The Hong Kong-based operator first inked an agreement with Ajman Port Authority to operate the port\u2019s container terminal for a 10-year concession period back in 2011","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.f5ac22e8-8bc3-4c67-9b67-a74d5598a4cd.mp3"},"yoast_head":"\nHong Kong-based HPH + Ajman Port and Customs to invest AED 1 bn into port revamp - 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