Arab Today, arab today khalifa port to help transform abu dhabi economy
Last Updated : GMT 13:47:13
Arab Today, arab today
Arab Today, arab today

Khalifa Port to help transform Abu Dhabi economy

Arab Today, arab today

Arab Today, arab today Khalifa Port to help transform Abu Dhabi economy

Abu Dhabi - SPA

Khalifa Port, which opens later today in Taweelah about 40 kilometres from Jebel Ali port, will not only change the way goods are transported into the emirate but will also have a profound impact on the overall economy of Abu Dhabi and the United Arab Emirates (UAE). In its first phase, the port will be able to handle an annual 2.5 million twenty foot equivalent units (TEUs) or containers, which can go up to 5 million, plus 15 million tonnes of general cargo. Once the second and third phases of the port are completed, it is expected to have a capacity of up to 15 million containers a year, noted Gulf News in its editorial today quoted by the UAE news agency "WAM". The project is part of the Abu Dhabi Government’s 2030 Vision that will elevate Abu Dhabi’s position as a major player in the region’s economy. Khalifa Port is part of the Khalifa Industrial Zone Abu Dhabi (Kizad), where the government is developing a major industrial cluster. It will be linked directly via an expressway to Abu Dhabi, Dubai and Al Ain; explained the paper. The government has already developed a major power plant in Taweelah which will ensure uninterrupted power to the port in addition to the construction of a large aluminium smelter within Kizad. "The project will also be connected to the UAE’s Union Railway in order to fast-track industrial cargo. The Abu Dhabi Government is developing a number of industrial areas as part of its plan to diversify its growing economy", noted the paper. It is also developing a petrochemical cluster in Ruwais that will in turn help develop downstream petrochemical industries, a manufacturing cluster in Industrial City of Abu Dhabi (ICAD) in Mussaffah and an aerospace cluster in Al Ain, which will manufacture aircraft components for Boeing and Airbus as well as develop the country’s own aircraft. The opening of the port is taking place at the right time, when all other facilities are developing in tandem. The Abu Dhabi Government has invested Dh26.5 billion in the port and Kizad so far; it added. "It will help transform Abu Dhabi’s economy", the paper asserted.

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Arab Today, arab today khalifa port to help transform abu dhabi economy Arab Today, arab today khalifa port to help transform abu dhabi economy

 



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