Abu Dhabi Ports Group to invest $1.8bn in Pakistan port operations

MG News | June 21, 2023 at 05:16 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 21, 2023 (MLN): Abu Dhabi Ports Group, a renowned global port operator will make a significant investment of $1.8 billion in Pakistan's port operations.

Consequently, Abu Dhabi Ports will take over Pakistan International Container Terminal (PICT) and rebrand it as Karachi Gateway Terminal.

The agreement includes a five-year lease for the terminal, with provisions for a potential extension based on mutual agreement.

This partnership between Abu Dhabi Ports and Pakistan signifies a strong commitment to bolstering the country's maritime sector and enhancing its connectivity with global trade networks.

The transformation of PICT into the Karachi Gateway Terminal will position it as a pivotal gateway for international trade, facilitating seamless logistics operations and fostering economic growth in the region.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	175,285.78 248.39M	1.02% 1766.97
ALLSHR	106,536.82 578.97M	1.02% 1073.42
KSE30	52,320.98 90.24M	1.18% 611.36
KMI30	246,775.63 72.73M	0.99% 2407.71
KMIALLSHR	68,372.65 345.21M	0.84% 569.39
BKTi	49,718.24 37.75M	1.43% 700.72
OGTi	35,126.27 7.30M	0.44% 154.29

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	65,210.00	65,740.00 64,585.00	495.00 0.76%
BRENT CRUDE	84.52	86.55 83.32	-0.21 -0.25%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.25 -1.17%
ROTTERDAM COAL MONTHLY	120.00	120.00 120.00	0.65 0.54%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	79.11	80.93 78.19	-0.23 -0.29%
SUGAR #11 WORLD	14.86	14.99 14.71	-0.02 -0.13%