Abu Dhabi Ports is planning to invest $250 million in Karachi Port over the next ten years. This investment will focus on expanding berths, upgrading terminals, and improving infrastructure.
In a recent meeting with Prime Minister Shehbaz Sharif, CEO Khurram Aziz Khan explained that $130 million of this investment will go towards building a multipurpose terminal. This project is expected to be completed in two years.
The delegation also talked about improvements planned for the container terminal. These enhancements include installing X-ray control, automated gates, and extending the berth by 200 meters. They also plan to upgrade the crane rail track and overall infrastructure at the port.
These upgrades will allow Karachi Port to handle larger cargo ships, up to 120,000 tons. This capacity increase is expected to significantly boost economic activities at the port.
With these investments, Abu Dhabi Ports aims to modernize Karachi Port, making it more efficient and capable of handling increased cargo traffic. This development is not only a significant step for the port itself but also for the broader economic landscape, as it will facilitate smoother trade and shipping operations.
The planned improvements will help accommodate larger ships, reduce turnaround times, and enhance the overall productivity of the port, thereby contributing to economic growth in the region.
The partnership between Abu Dhabi Ports and Karachi Port signifies a commitment to long-term development and economic collaboration, promising a brighter future for maritime trade in Pakistan.
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