Sheikh Mohamed bin Zayed Al Nahyan, president of the UAE, inaugurated Khalifa Port’s expansion – a major development project with a total investment of 4 billion dirhams ($1.089 billion).
Sheikh Mohamed bin Zayed Al Nahyan inaugurating Khalifa Port (Photo credit: WAM)
Sheikh Mohamed reviewed future plans for the leading port in the region. The UAE President also toured the new, expanded facilities and logistics available to serve import and export operations.
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Sheikh Mohamed bin Zayed Al Nahyan inaugurating Khalifa Port (Photo credit: WAM)
“Khalifa Port Expansion is a major national project that is considered an important addition to the UAE’s ports and logistic services and will further enhance the UAE’s position in the global trade”, Sheikh Mohamed said, adding “Khalifa Port, along with other national ports, are important cornerstones to the development and diversification of the national economy”.
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The official inauguration of the expansion program by the UAE President marks another major milestone in a year that has seen AD Ports Group list on the Abu Dhabi Securities Market (ADX), open new trade corridors, complete a series of major acquisitions, rapidly transform its business and portfolio of services, and build strong relations with existing and emerging trade partners for the UAE.
Sheikh Mohamed bin Zayed Al Nahyan inaugurating Khalifa Port (Photo credit: WAM)
As part of the expansion, which includes the development of the port’s South Quay, Khalifa Port Logistics, and Abu Dhabi Terminals at a total investment of 4 billion dirhams, Khalifa Port has grown from 2.43 km2 to 8.63 km2, while its quay wall has been significantly extended from 2.3 kilometers to 12.5 kilometers. It now provides 21 berths and offers a range of bespoke services for key strategic industries, positioning it among the global elite of deep-water ports, with an estimated value of 20.4 billion dirhams.
