By Andy Sambidge
Abu Dhabi Ports Company signs letter of intent to award operations of new port to ADT
Abu Dhabi Ports Company (ADPC) on Monday said it had signed a letter of intent to award operations for the new Khalifa Port to ADT (Abu Dhabi Terminals).
Phase one of the port is expected to open for business in the final quarter of 2012, ADPC said in a statement.
Announcing the decision at the World Ports and Trade Summit, Tony Douglas, CEO of ADPC, said: "This news signals the latest stage of our plans for Khalifa Port which is well on target for completion late next year.
"Construction is 68 percent complete and the announcement of intent to appoint ADT so well in advance of the opening will help in the development of strategy and business planning for the benefit of future customers."
Martijn Van de Linde, CEO of ADT, added: "I am delighted that ADT is the intended operator of Khalifa Port which will be one of the most modern in the region and the first semi-automated port operation."
Khalifa Port is situated halfway between Abu Dhabi and Dubai at Taweelah. The first phase has a capacity of two million containers and 12 million tons of cargo a year.
It will provide port services for Khalifa Industrial Zone Abu Dhabi (Kizad) when it also opens in Q4 2012.