AD Ports Group and CMA CGM Group announce agreement to invest AED 570 million in new terminal at Khalifa Port

AD Ports Group and CMA CGM Group announce agreement to invest AED 570 million in new terminal at Khalifa Port

Abu Dhabi, United Arab Emirates, AD Ports Group, the region’s premier facilitator of logistics, industry, and trade, and France-based CMA CGM Group, a world leader in shipping and logistics, have announced the signing of a 35-year concession agreement. Under the terms of the agreement, a new terminal will be established in Khalifa Port, the first semi-automated container port in the GCC region, which will be managed by a joint venture owned by CMA CGM’s subsidiary CMA Terminals (with a 70 percent stake) and AD Ports Group (30 percent stake). The…