This latest development comes just three months after the company announced the construction of a 400 metre quay extension at Jebel Ali Container Terminal 2, which is expected to be completed by the end of 2012. This will result in a total quay length of 3,000 m, which itself will increase capacity by 1m teu to 15m teu.
Over the next three years the company will invest around US$850m in the new project that will see the conversion of an existing general cargo berth into a new container terminal, within the existing container port. The work will provide an additional 1,860 metres of quayside and 70 hectares of yard. The investment will be financed from existing cash resources and cashflow.
The new terminal, which will operate with the largest, most efficient quay cranes and have a draft of 17 m, will be able to handle the world’s largest container vessels planned for the future.