CMA CGM, Abu Dhabi Ports ink 35-year terminal concession deal

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...

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