Chinese state-owned Cosco Shipping has built a terminal at Khalifa Port in Abu Dhabi at a cost of AED1.1bn ($300m), in order to boost the region's trade with China. With a capacity of 2.5 million TEU, the terminal includes the largest container freight station in the Middle East and can accommodate ships carrying over 20,000 TEU. The port is also home to two major oil refineries, which are expected to be operational by 2020. It forms part of a five-year growth plan to increase the total capacity of Khalifa Port to 9.1 million TEU.
Chinese state-owned Cosco Shipping has built a terminal at Khalifa Port in Abu Dhabi at a cost of AED1.1bn ($300m), in order to boost the region's trade with China. With a capacity of 2.5 million TEU, the terminal includes the largest container freight station in the Middle East and can accommodate ships carrying over 20,000 TEU. The newly-constructed terminal is the result of a 35-year agreement between Cosco Shipping Ports and Abu Dhabi Ports. It forms part of a five-year growth plan to increase the total capacity of Khalifa Port to 9.1 million TEU.