Abu Dhabi Ports, EGA Ink Khalifa Port Agreement
- Business & Finance
Emirates Global Aluminium (EGA) has signed a long-term port facility agreement with Abu Dhabi Ports to use some of the world’s largest bulk cargo vessels to import raw materials through Khalifa Port.
With this agreement, Abu Dhabi Ports will be able to develop the port to become the first in the Gulf capable of directly handling these massive ships, EGA said in their release.
Abu Dhabi Ports will fund and complete dredging and widening works to the Khalifa Port approach channel and basin including EGA’s berth.
The dredging will deepen the channel to 18.5 meters and basin to 18.0 meters basis zero tide.
EGA plans to use large dry bulk ships to import raw materials without the need to transfer all or some of the cargo to smaller vessels outside the port, reducing long-term shipping costs and improving environmental performance.
The agreement was signed last week at EGA’s head-quarters in Al Taweelah (KIZAD) by Captain Mohamed Juma Al Shamisi, Chief Executive Officer of Abu Dhabi Ports and Abdulla Kalban, Managing Director and Chief Executive Officer of EGA.