MSC, the world's second-largest container carrier and partner with Maersk Line in the 2M alliance, will invest a total USD 1.1 billion in a new container terminal in Abu Dhabi's Khalifa Port in the United Arab Emirates.
According to a press release from Khalifa Port, which will serve as MSC's hub in the Middle East, the carrier has signed a 30-year concession that involves expanding the port's capacity from currently 2.5 million teu annually to 8.5 million teu once the expansion is completed.
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