ShippingWatch

MSC invests USD 1.1 billion in new major Arabian port

Liner company MSC gets 30-year concession to operate Khalifa Port in Abu Dhabi, which will serve as a regional hub for the company, which partners with Maersk Line in the 2M alliance.

Photo: MSC

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.

Read this article for free

Register with your E-mail.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

Related articles

Latest news

Jobs

See all

See all