Skip to content Skip to Search
Skip navigation

Khalifa Port’s owner unveils $1.1bn expansion

Khalifa Port serves more than 25 container shipping lines Media Office Abu Dhabi
  • Abu Dhabi port has grown from 2.43 sq km to 8.63 sq km
  • AD Ports Group aims to raise handling capacity to 25m tonnes
  • Logistics company has created roughly 373,500 jobs

The AED4 billion ($1.1 billion) expansion of Khalifa Port in Abu Dhabi was inaugurated on Tuesday, 10 years after the port opened.

Sheikh Mohamed Bin Zayed Al Nahyan, the UAE’s president, described the expansion as a major national project that “will further enhance the UAE’s position in the global trade”.

The launch comes at the end of a year in which the site’s owner, AD Ports Group, listed on the Abu Dhabi Securities Market, opened new trade routes and made a number of acquisitions.

The expansion includes the development of the port’s South Quay, Khalifa Port Logistics and Abu Dhabi Terminals. Khalifa Port has grown from 2.43 sq km to 8.63 sq km, while its quay wall has been extended from 2.3km to 12.5km.

The project is designed to make a major contribution to AD Ports’ goal of increasing annual handling capacity at Khalifa Port by 2030 to 15 million twenty-foot equivalent units, and general cargo handling capacity to 25 million tonnes.

AD Ports has contributed AED152.8 billion to the UAE’s GDP since its foundation in 2006. It has created approximately 373,500 jobs. 

People, Person, Man
Sheikh Mohamed inspects a map showing routes served by the port. Picture: Media Office Abu Dhabi

This year it has acquired a 70 percent stake in Transmar and TCI in Egypt, and an 80 percent equity stake in Global Feeder Shipping. It also bought Spanish logistics company Noatum. The company’s maritime division has grown its fleet to more than 175 vessels and expanded trade routes.

It reported revenue of AED1.5 billion and net profit of AED334 million in the third quarter.

Khalifa Port, inaugurated by the late Sheikh Khalifa in December 2012, was developed from a stretch of reclaimed land 4km out to sea. It now serves more than 25 container shipping lines with direct links to more than 70 international destinations. 

Falah Mohammed Al Ahbabi, chairman of AD Ports, said: “Today Khalifa Port is one of the most advanced deep-water ports in the world. By continuing to expand our operations internationally, we are honouring the memory of the leaders who placed us on the path to progress.”

Captain Mohamed Juma Al Shamisi, managing director and CEO of AD Ports, added: “We have grown from a local champion into a publicly listed group with an expanding global reach. We will continue to expand and invest in the future and demonstrate our capacity for excellence across international markets.”

Latest articles

Groupshot, Person, People

Aramco invests $6bn to bolster local supply chain

Saudi Aramco, the world’s largest oil producer, has signed 40 corporate procurement agreements worth $6 billion to boost its localisation programme. The agreements cover supply of a range of products comprising strategic commodities, such as instrumentation, and electrical and drilling equipment. The move will strengthen Aramco’s domestic supply chain ecosystem, providing suppliers with long-term demand […]

Sabic said better conditions in its agriculture and automotive businesses are supporting its margins

Sabic reports loss of $747m as product prices tumble

Petrochemicals major Saudi Basic Industries Corporation (Sabic) reported a net loss of SAR2.8 billion ($747 million) in 2023, as average product sales fell by a fifth. The losses were also driven by the discontinuation of operations at Hadeed, its steel manufacturing subsidiary, which resulted in a loss of around SAR4 billion. In September 2023, Sabic […]

Masdar starts work on two UK battery storage projects

Masdar Arlington Energy, a subsidiary of UAE’s Masdar, has started construction on two battery energy storage system (BESS) projects in the UK. The Royle Barn Road plant in Rochdale and Welkin Road plant in Stockport will have a combined capacity of 55 MW and provide enough energy to power 25,700 homes.  Masdar acquired UK-based Arlington Energy in […]

Parkin controls more than 90 percent of Dubai's paid parking provision

Dubai parking operator IPO will fund EV expansion plans

Parkin, the Dubai government’s parking management company, plans to channel proceeds from its initial public offering into technological upgrades, including expansion of its electric vehicle services.  The company will release nearly 25 percent of its shares on the Dubai Financial Market next month.  The offering begins on March 5, with a price range to be […]