Gulftainer signs US$600m deal to operate Port of Wilmington
Gulftainer has signed a 50-year, US$600m concession with the State of Delaware to operate and expand the Port of Wilmington.
The aim is to turn the terminal into one of the biggest facilities of its kind on the Eastern Seaboard by investing up to US$600m to expand and upgrade the terminal.
The deal represents the largest operation ever run by a United Arab Emirates (UAE) company in the United States, as well as the largest investment ever by a private UAE company in the country.
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