Officials from Pakistan and the United Arab Emirates performed the groundbreaking of a US $175 million bulk and general cargo terminal in the port of Karachi, following a new 25-year concession agreement signed between AD Ports Group and Karachi Port Trust (KPT) in in February this year.
Under the terms of the agreement, Karachi Gateway Terminal Multipurpose Limited (KGTML), a joint venture between AD Ports Group, as a majority shareholder, and Kaheel Terminals, a UAE-based company, will...
https://www.themaritimestandard.com/karachi-terminal-groundbreaking-ceremony/