In a landmark development, France’s CMA CGM Group is to invest in a new terminal at Khalifa Port under a 35-year concession agreement signed with the Abu Dhabi Ports group. The technically advanced facility is expected to open in 2024 with an initial capacity of 1.8 million TEU a year.
The terminal will be managed by a joint venture partly owned by CMA CGM’s subsidiary CMA Terminals, which will have a 70% stake, and AD Ports Group, which will control the remaining 30% holding. The combined...
https://www.themaritimestandard.com/cma-cgm-to-invest-in-abu-dhabis-khalifa-port/