Abu Dhabi Ports to boost Emiratisation as it pushes on with new investments

Abu Dhabi Ports is aiming to reach 50 per cent Emiratisation this year as it pushes ahead with a raft of new investments. Ten years after its creation, the company which also manages the Khalifa Industrial Zone, plans to enhance its facilities in the Western Region. At the same time it is also rolling out […]

Abu Dhabi Ports is aiming to reach 50 per cent Emiratisation this year as it pushes ahead with a raft of new investments.

Ten years after its creation, the company which also manages the Khalifa Industrial Zone, plans to enhance its facilities in the Western Region.

At the same time it is also rolling out a port community system which it has developed to offer shipping lines, agents, terminal operators and other stakeholders a single source of access and real time information.

“We are proud to state that our double-digit growth in recent years, despite many challenges in the maritime industry, gives us the confidence to look forward to continued growth this year as well,” said Mohamed Juma Al Shamisi, chief executive of Abu Dhabi Ports.

The activities of Abu Dhabi Ports in its entirety account for about 2.9 per cent of the emirate’s non-oil GDP, based on 2014 data, it said in a statement.

Khalifa Port, in its first development phase, can handle an annual capacity of 2.5 million 20 foot equivalent units (TEUs) and 12 million tonnes of general cargo per year. Once all the development phases are completed, the port’s capacity is expected to increase to 15 million TEUs and 35 million tonnes of general cargo annually.

The global shipping industry is expected to see a downturn over the next year, according to Fitch Ratings. The ratings agency downgraded its global shipping sector outlook to negative from stable for this year.

Like other major employers in the UAE, Abu Dhabi Ports is boosting the proportion of Emiratis on the payroll which currently stands at 47 per cent reaching 50 per cent this year.

lgraves@thenational.ae

Follow The National’s Business section on Twitter

Source: Business

Leave a Reply

Your email address will not be published. Required fields are marked *