Just days after signing a concession to operate Ras Al Khaimah’s key container port, Hutchinson Ports has been awarded a concession to operate Ahmed Bin Rashid Port in Umm Al Quwain (UAQ).
Ahmed Bin Rashid Port is a key entry-exit point for container, general, Ro-Ro and bulk cargo in the northern United Arab Emirates and will be operated as Hutchison Ports UAQ.
The port is the 51st in Hutchinson’s global network, but like Ras Al Khaimah, will be primarily a local gateway terminal.
“The UAE economy is growing strongly and there is great demand for terminal facilities in the northern part of the Emirates,” said Andy Tsoi, managing director of Middle East and Africa at Hutchinson.
“Our target is to improve the service level of the port to facilitate the emirate’s import and export trade. We look forward to contributing to the growth of the local economy,” he added.
Sultan Saeed Al Ali, executive director, Umm al Quwain Ports, Customs & Free Zone Corporation commented: “The port in Umm Al Quwain has a long, rich history. With the presence of Hutchison Ports, we expect the terminal to be better positioned to serve the local community. This will help support our existing businesses while also helping to attract future investment into the emirate.”
Hutchison Ports UAQ is a four-berth facility with an 845-metre-long quay and a 23-hectare yard. With excellent road connections to the northern UAE and in close proximity to regional trade lanes, the facility is poised for significant growth.
No financial details were disclosed.
Source: Arabian Supply Chain