MSC has signed a 30 year concession agreement with Abu Dhabi Ports to establish a new container terminal at the UAE’s Khalifa Port.
Annual capacity is expected to increased from 2.5m teu to 8.5m teu at the port where the Swiss-based company is making a total investment of AED4bn (US$1.1bn) over the course of the concession agreement in operational equipment.
Developments include an adding 13 ship-to-shore (STS) cranes to make a total of 25 over the next two years.
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