China’s Cosco Shipping Ports Ltd plans to expand its container terminal in Abu Dhabi in the next three to five years with an investment of $200 million as more Chinese companies set up in the emirate, its vice-chairman and managing director said.
Cosco’s new container terminal, with a capacity of 2.5 million TEUs (Twenty-foot equivalent units) at Abu Dhabi’s Khalifa Port, was inaugurated on Monday 10th December, 2018. Cosco has spent $300 million on the terminal and $130 million on a container freight station after it won a contract in 2015 from Abu Dhabi Ports.
The bulk of China’s non-oil trade with the United Arab Emirates currently goes through Dubai, the regional hub, but Abu Dhabi is hoping to take some of that business as it invests billions in infrastructure, industry and tourism to diversify its economy away from oil.
Dubai’s Jebel Ali port is much larger and only about 40 km (25 miles) north along the coast.
Image below is of COSCO HONG KONG leaving Marsaxlokk Harbour, Malta on Tuesday 20th June, 2017
COSCO is represented in Malta by Medsea Shipping Agency – http://www.medsea.com.mt
Photos by Capt. Lawrence Dalli. Do not use these images without my permission. © All rights reserved. Malta Ship Photos & Action Photos – www.maltashipphotos.com