AD Ports Group inks deal with CMA CGM for new terminal ...United Arab Emirates

The AD Ports Group has signed a 35-year concession agreement with France-based CMA CGM Group for a new terminal to be set up in Khalifa Port in Abu Dhabi. CMA CGM is billed as a world leader in shipping and logistics and approximately $154m is being allocated to the development of the project. Under the terms of the agreement, a new terminal will be established in Khalifa Port, which will be managed by a joint venture owned by CMA CGM’s subsidiary CMA Terminals (with a 70% stake) and AD Ports Group (30% stake). According to a statement, AD Ports Group will be responsible for developing a wide range of supporting marine works and infrastructure. This includes up to a total of 1,200m of quay w

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