Under the deal, the new terminal will be established at Khalifa Port, the first semi-automated container port in the GCC region.
It will be managed by a joint venture owned by CMA CGM’s subsidiary CMA Terminals (with a 70 percent stake) and AD Ports Group (30 percent stake).
The partners are expected to invest approximately AED 570 million ($154 million) in the project.
With construction starting in 2021, the new terminal is set to be completed in 2024 with, in phase 1, an initial quay length of 800 metres and an estimated annual capacity of 1.8 million TEUs.
