UAE to pay $102 million over five years to operate Karachi port terminal — senate

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Fri, 2023-10-06 12:05

ISLAMABAD: The United Arab Emirates will invest $102 million over five years to develop and operate a bulk and general cargo terminal at Karachi port, minutes of the Senate Standing Committee on Maritime Affairs released on Friday said.

UAE’s Abu Dhabi Ports (AD Ports), a leading port operator, signed a 50-year concession agreement with the Karachi Port Trust (KPT) in June for the handling of one of its port terminals in Karachi.

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