AD Ports Group, a global powerhouse in trade, logistics, and industry, has recently inked a 25-year concession agreement with Karachi Port Trust (KPT) to spearhead bulk and general cargo operations at Karachi Port’s East Wharf. This landmark deal marks a significant expansion of AD Ports Group’s operational footprint and underscores its commitment to enhancing global trade dynamics.
A Joint Venture for Growth and Efficiency
The agreement facilitates the formation of Karachi Gateway Terminal Multipurpose Limited (KGTML), a joint venture between AD Ports Group and Kaheel Terminals. KGTML is set to develop, manage, and operate berths 11-17 at the East Wharf, promising to revolutionise the port’s capabilities in handling general cargo and bulk operations, including steel, paper, clinker, grains, and fertilisers.
Investment and Innovation
With an initial investment of $75 million earmarked for the first two years, covering upfront fees, prepayments, and infrastructural enhancements, KGTML aims to significantly boost the terminal’s efficiency and capacity. An additional investment of $100 million is projected within five years to further elevate the terminal’s operational standards, with an anticipated increase in capacity by 75%.
Strategic Control and Enhanced Operations
This new concession complements a previous agreement that granted AD Ports Group control over container operations at Karachi Port’s East Wharf, effectively consolidating its influence over the strategic maritime hub. The integration of these operations is expected to streamline processes, enhance safety and security measures, and significantly increase cargo handling capacity, with projections indicating a capacity to manage up to 14 million tonnes per annum post-investment.
A Vision for the Future
Under the leadership of Capt. Mohamed Juma Al Shamisi, AD Ports Group aspires to transform Karachi Port into a dynamic global trade hub, equipped with state-of-the-art infrastructure and cutting-edge digital solutions. This vision aligns with the broader objectives of fostering economic diversification and establishing strategic partnerships that bolster regional and global trade networks.
About AD Ports Group
AD Ports Group stands at the forefront of facilitating trade, logistics, and industrial activities worldwide. With a rich heritage and a forward-looking approach, the group continues to expand its global presence, driving innovation and excellence in the maritime sector.
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