Skip to content Skip to Search
Skip navigation

AD Ports to invest $150m to upgrade Karachi cargo port 

AD Ports Group and Karachi Port Trust executives sign the concession agreement for bulk and general cargo operations Wam
AD Ports Group and Karachi Port Trust executives sign the concession agreement for bulk and general cargo operations

The UAE’s AD Ports Group has signed an agreement for bulk and general cargo operations with the Pakistani-government-backed Karachi Port Trust (KPT), allocating $150 million for the port expansion.

Under the terms of the 25-year concession agreement, Karachi Gateway Terminal Multipurpose Limited (KGTML), a joint venture between AD Ports Group, a majority shareholder, and UAE-based Kaheel Terminals, will develop, operate and manage the bulk and general cargo terminal berths 11-17 at Karachi Port’s east wharf, the UAE state-run Wam news agency reported.

This agreement come after AD Ports Group signed a concession agreement in June 2023 to develop, operate and manage Karachi gateway terminal’s container berths 6-10 at Karachi Port’s east wharf.

In addition to the 800 m quay for the container terminal, the new concession will grant the joint venture 1,500 m of additional quay wall for general cargo and bulk operations adjacent to the container terminal, giving complete operational control of Karachi Port’s east wharf to the UAE venture. 

General cargo operations will primarily handle steel, paper and clinker, while the clean bulk terminal will focus on grains and fertilisers.

KGTML plans to invest $75 million in the first two years, including upfront fees, prepayments and investments in superstructure and equipment. This will be followed by further investment of $100 million within five years, which will be used to increase efficiency and capacity by 75 percent, enabling the terminal to handle up to 14 million tonnes per annum.

The bulk and general cargo terminal, which has been handling around eight million tonnes per annum, is expected to generate revenue of $30 million and Ebidta of $10 million annually in the short term.

“We aim to transform Karachi Port into a dynamic hub for global trade,” said Mohamed Juma Al Shamisi, managing director and group CEO, AD Ports Group.

Latest articles

The WakeCap system being used on a construction site

Aramco adopts heat-sensing construction helmets

Saudi Aramco is deploying advanced safety helmets equipped with heat stress sensors to protect workers on some of its construction sites, a critical concern in the Gulf region’s scorching climate. The helmets, developed by Dubai and Saudi Arabia-based construction tech startup WakeCap, utilise internet-of-things (IoT) technology that monitors worker attendance, location, and safety incidents in […]

Wind turbines above the village of Kotronas in the Peloponnese region. Greece's Terna Energy invests in wind, solar, hydroelectric and pumped storage projects

Masdar buys Greece’s biggest investor in renewables

The UAE’s state-owned clean energy company Masdar is to acquire a majority share in Terna Energy of Greece. The initial deal – one of the largest in the European renewables market and the biggest ever energy transaction on the Athens Stock Exchange – is for a 67 percent stake. The price of €20 ($21.45) per […]

KBR Iraq

US firm wins $46m contract to boost Iraq infrastructure 

US engineering giant KBR has won a five-year $46 million contract to support Iraq’s infrastructure development and future energy projects, including mega-projects. The company is expanding its presence in Iraq, establishing a new office in Baghdad and said it is also considering the creation of a design centre to enhance local engineering skills. Under the […]

The UAE attracted FDI inflows of $30.7 billion last year, a 35 percent year-on-year growth

UAE ranks second in global greenfield FDI projects

A 33 percent year-on-year surge in greenfield FDI projects in the UAE catapulted the Emirates up two places to the second spot after the US in 2023. There are now 1,323 greenfield FDI project announcements, state-run Wam news agency reported, citing the World Investment Report 2024. The UAE attracted FDI inflows of $30.7 billion last […]