CMA CGM Group and Abu Dhabi Ports have signed a 35-year concession agreement for a new terminal of 1.8 million TEU capacity in the Khalifa Port.
According to the deal, the new terminal, which will cost US$154 million and will be established in the first semi-automated container port in the Gulf Cooperation Council (GCC) region, Khalifa Port, will be managed by a joint venture owned by CMA CGM’s subsidiary CMA Terminals and Abu Dhabi Ports, with 70% and 30% stake, respectively.
With construction...
https://container-news.com/cma-cgm-abu-dhabi-ports-ink-35-year-terminal-concession-deal/