CMA CGM to operate new terminal at Khalifa Port

CMA CGM has signed a 35-year concession agreement with AD Ports Group to manage a new terminal at Khalifa Port, which will open in 2024 with an initial capacity of 1.8m teu.

The facility will be managed by a joint venture owned by CMA CGM’s subsidiary CMA Terminals (with a 70% stake) and AD Ports Group (30% stake), with the partners expect to commit AED570m (US$154m) to the project.

With construction starting in 2021, in phase one the new terminal will have an initial quay length of 800 m.