Jebel Ali port ploughs ahead with development of 4th box terminal
DUBAI's Jebel Ali port and its operating company DP World are marking their 40th year of operations that saw the rise of the Jebel Ali free zone first in the UAE and later in the wider region
DUBAI's Jebel Ali port and its operating company DP World are marking their 40th year of operations that saw the rise of the Jebel Ali free zone first in the UAE and later in the wider region. The port currently contributes 26.1 per cent of Dubai's GDP, with its terminals handling 80 ship calls per week.
'Right from inception, we were built to react very fast,' said DP World Group CEO Sultan Bin Sulayem, while opening the new logistics and distribution hub from the Landmark Group, reported Gulf News, Dubai.
DP World and Jebel Ali port are now in the midst of adding a fourth container terminal. Once complete, it will raise the port's capacity to 22.4 million TEU. The third terminal became operational in 2014, with a capacity of four million TEU.
In the first half of the year, DP World recorded revenue gains of 31.9 per cent to US$3.46 billion, helped by acquisitions, while profits attributable to the owners came to $753 million, up by 26.8 per cent.
Just days after Landmark Group, the $5 billion plus retail powerhouse, launched the 'mega distribution centre,' another company, AquaChemie, a chemicals distributor, confirmed investments in Jebel Ali port on a new chemical terminal facility. It will be commissioned by mid-2021.
'The new facility will directly boost DP World revenues from the port, both by increase in cargo handling, as well as lease rentals,' said AquaChemie co-founder M E Subrato Saha. 'The project will facilitate the manufacture and distribution mode that will see certain products being processed or manufactured regionally and sold globally.'
The port can simultaneously handle 18 containerships, including those of 20,000-TEU+capacity.