Emirates inks 25-year concession with Hutchison Ports to operate container terminal facilities
The Government of Ras Al Khaimah has agreed a 25-year concession with Hutchison Ports to operate and develop the Saqr Port container terminal facilities in the emirate.
Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, hailed the agreement as a key part of the emirate's logistics strategy.
He said: “One of our objectives in Ras Al Khaimah is to create a business infrastructure that will attract investors and entrepreneurs from around the world.
"Hutchison Ports RAK and its plans for future development of the Saqr Port facilities are a key piece in our logistics strategy which will encourage those with interest to make the commitment to Ras Al Khaimah.
"This partnership is one more indicator that Ras Al Khaimah is committed to offering the infrastructure, services and skilled workforce that allows commerce and industry to thrive in the emirate.”
The terminal will be operated by Hutchison Ports RAK, and comprises a four-berth, 350,000-TEU facility featuring an 800 metre long quay with a depth of 12 metres, in addition to a 20 hectare yard.
Hutchison Ports managing director Eric Ip said: “We are excited to have the opportunity to invest and operate a container terminal facility that is situated in a gateway location and is home to the world’s largest ceramics manufacturer.”
Saqr Port is Ras Al Khaimah’s primary commercial port and is in the process of having its overall capacity significantly increased.
In a two-phase project scheduled to be completed in April 2019, two deep water berths are being added capable of handling capesize vessels. The project will make Saqr Port one of the largest bulk handing ports in the world.For all the latest transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.