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 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.
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.