Abu Dhabi Terminals (ADT) and newly-inaugurated COSCO Shipping Ports (CSP) Abu Dhabi have signed a Memorandum of Understanding (MOU) with the aim to increase collaboration between the two facilities.
Located in Khalifa Port, CSP Abu Dhabi, which is owned and operated by COSCO, began operations in December 2018 and has a capacity of 2.5m teu with the capability to handle container vessels of 20,000 teu.
The two companies plan to help facilitate a significant increase in the contribution to the non-oil gross domestic product (GDP) growth for the emirate of Abu Dhabi.
Khalifa Port is a potentially important node within the framework of the Chinese Belt and Road Initiative, which is expected to be a substantial contributor to the overall growth of Abu Dhabi and the UAE economies as a whole.
Abdullah Al Hameli, the acting CEO of ADT, said: “The signing of this MOU with CSP Abu Dhabi is of key importance, not only to our two companies, but to the future success of Khalifa Port and our customers, the Abu Dhabi and UAE trade.”
The MOU supports the Abu Dhabi Leadership vision 2030, which aims to build a globally-integrated, sustainable and diversified, high-value added economy.
ADT’s Khalifa Port Container Terminal (KPCT) has more than 30 weekly container line services that call at over 100 global destinations.