Abu Dhabi Ports to invest $250 million in Pakistan

Abu Dhabi Ports has planned an investment of $250 million in Karachi Port over the next 10 years, according to an official statement issued by the Prime Minister's Office (PMO).

A delegation of ADP, led by the Chief Executive Officer for Pakistan Khurram Aziz Khan, met with Prime Minister Shehbaz Sharif and briefed him about the company’s plans.

“A state-of-the-art, fully-equipped multipurpose terminal, being constructed with an investment of $130 million, will be completed in the next two years,” the premier was briefed.

According to the statement, the company wanted to upgrade the container terminal facilities at Karachi port by installing automated gates.

"The construction of the terminal will able KPT to dock ships carrying up to 120,000 tons of cargo and “increasing economic activities at the port,” it continued.

As per officials, improvement in the terminal would shrink the time of container clearance.

“The agreement with Abu Dhabi Ports aims at transparency, increased efficiency, and improved port operation,” the statement quoted PM Shehbaz.

He added, in the statement, that the transportation of the container will be improved by using digital technology and advanced machinery.

PM Shehbaz also directed the railway authorities to provide freight trollies and other necessary equipment to lift the goods from the terminal.