Sunday, January 10, 2010: 07:50:59 PM

Foreign Updates

APM launches Middle East terminal

When King Hamad bin Issa al-Khalifa officially opened the Gulf state's new port of Khalifa bin Salman early December, it was Bahrain's largest privatisation projects in the port sector.

The facility is being operated by APM Terminals BV.

Aside from APM Terminals' box handling facilities, Khalifa bin Salman also has facilities for general break-bulk, RoRo and a separate cruise terminal. Designed to handle 1.1 million TEUs per year, the port was built at a cost of $362 million, according to officials.

According to forecasts container throughput at the world's smallest Arab state is expected to more than treble within five years of the port's opening.

Stakeholders want Khalifa bin Salman to be a hub port for Middle East Gulf cargo. APM Terminals, which signed a 25-year concession for Khalifa bin Salman and the existing port of Mina Salman in November 2006, had already invested more than $60 million in modern equipment and systems as of January 2008.

APM Terminals' 25-year concession to operate Bahrain's commercial ports began with  the construction of Khalifa bin Salman.


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