Karachi, Pakistan – In a move aimed at fostering closer collaboration between the maritime sectors of the United Arab Emirates (UAE) and Pakistan, the AD Ports Group, a prominent port operator from the UAE, has entered into a significant investment agreement with Pakistan’s Karachi Port Trust (KPT). The agreement, spanning an impressive 50-year term, is set to bring about substantial improvements to the Karachi Gateway Terminal Limited (KGTL) at Karachi Port, with a focus on enhancing its capabilities and driving economic growth for both nations.
AD Ports Group and Kaheel Terminals Join Forces:
Under the terms of the agreement, the AD Ports Group will partner with UAE-based company Kaheel Terminals to assume responsibility for the management and development of the KGTL. Leveraging their expertise in port operations and infrastructure enhancement, this joint venture is poised to revolutionize Karachi Port and reinforce its position as a leading maritime hub in the region.
Revitalizing Infrastructure for Unprecedented Growth:
Recognizing the need for modernization and expansion, the AD Ports Group and Kaheel Terminals have committed to making substantial investments in the KGTL over the course of the agreement. These investments will primarily focus on bolstering infrastructure and key operational areas to accommodate growing demands and maximize the port’s potential.
Deeper Berths and Extended Quay Walls:
To cater to larger vessels and facilitate seamless port operations, the KGTL will undergo significant enhancements in its berthing facilities. Through the infusion of advanced dredging technology, the port will deepen its berths, allowing for the smooth handling of deep-draft vessels. Additionally, the quay walls will be extended, enabling the simultaneous berthing of multiple ships, thereby optimizing throughput capacity.
Expanded Container Storage Areas:
To cope with increasing cargo volumes, the KGTL’s container storage areas will undergo expansion, providing ample space for efficient container handling and storage. The increased capacity will bolster the port’s ability to accommodate the burgeoning demands of international trade, fostering enhanced connectivity and trade flows between the UAE and Pakistan.
AD Ports Group’s Pioneering Investment:
As the majority shareholder, the AD Ports Group has demonstrated its unwavering commitment to the success of this transformative project. In the initial ten years of the concession, the UAE-based entity plans to inject a staggering $220 million into the KGTL, facilitating its growth and establishing a solid foundation for future expansion. This substantial investment underscores the AD Ports Group’s confidence in Pakistan’s maritime potential and its determination to forge enduring partnerships for mutual prosperity.
A Gateway to Strengthened Bilateral Ties:
Beyond the economic benefits, the agreement between the AD Ports Group and KPT carries immense strategic significance for both nations. By strengthening the ties between the maritime industries of the UAE and Pakistan, this landmark partnership sets the stage for enhanced bilateral cooperation, fostering closer trade relations and creating opportunities for cross-border investments.
Unleashing Karachi Port’s True Potential:
With the AD Ports Group’s expertise and Kaheel Terminals’ industry knowledge, the KGTL at Karachi Port is poised to become a beacon of maritime excellence. The revitalization of the terminal’s infrastructure, coupled with increased operational efficiencies, will unlock the port’s true potential, positioning it as a pivotal gateway for trade between Asia, the Middle East, and beyond.
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A Shared Vision for Sustainable Growth:
The AD Ports Group’s investment in Karachi Port underscores its commitment to sustainable growth and development. Recognizing the importance of environmental stewardship, the partnership aims to implement eco-friendly practices and technologies to minimize the port’s ecological footprint. By prioritizing sustainability, the collaboration between the UAE and Pakistan serves as a model for responsible growth in the maritime sector.
As the UAE’s AD Ports Group embarks on this transformative journey with Karachi Port Trust, the horizon of possibilities broadens for both nations. This landmark investment ushers in a new era of cooperation, fostering economic growth, and strengthening the maritime ties that bind the UAE and Pakistan, ultimately propelling both nations towards a prosperous future on the global stage.
