Khalifa Port plans AED 4 billion expansion drive

Thursday, 12 December 2019 09:04

Abu Dhabi’s flagship Khalifa Port is set for a major expansion, worth nearly AED 4 billion.

The amount will be invested in developing its south quay, logistic facilities and terminals.

The projects are expected to create more than 2,800 jobs and contribute over AED 3 billion to the emirate’s GDP by 2025.

Following the upgrade, Khalifa Port will also see its container handling capacity jump from 5 million to 7.5 million.

Strategically situated halfway between Abu Dhabi and Dubai, the facility was officially inaugurated exactly seven years ago.

More from Business

UAE nationals to get AED25,000 in VAT savings on new homes

The expense eligibility on VAT refunds on the costs of constructing new homes for UAE nationals has been expanded under a new initiative by the Federal Tax Authority (FTA), with AED 25,000 set for each claim.
DFM recognised by Switzerland's financial authority as foreign trading venue

Shares from Swiss-incorporated companies can now be traded on Dubai Financial Market (DFM) after it has been recognised by Switzerland's Financial Market Supervisory Authority (FINMA) as a foreign trading venue.
Apple bets on overdue Siri fix to close AI gap

Apple has rolled out a long-delayed overhaul of Siri on Monday, betting the upgraded assistant can help close the gap with Big Tech rivals and new-age startups in the crucial AI race.
Over 3,200 residents purchase first homes under Dubai scheme

Dubai's First-Time Home Buyer Programme has helped more than 3,200 residents purchase their first homes in the emirate since its launch in July last year.
H.H. Sheikh Hamdan hails DIFC’s impact on Dubai’s global competitiveness

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE's Deputy Prime Minister and Defence Minister, has commended the Dubai International Financial Centre's (DIFC) contributions to the emirate’s long-term economic growth and global competitiveness.

The Music Mix
11:00pm - 6:00am

Enjoy your favourite music back to back commercial free, tune in to the Music Mix everyday from 1 until 2 for the music you love and the news updates you need
The Business Breakfast
6:00am - 10:00am

The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the USA
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
New iPhone Launch - Too Soon For Apple?
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Working From Home or Hardly Working?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?

On Dubai Eye

Is There Sufficient House Supply In UAE
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Noon's First Female Delivery Driver
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!