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Cosco to build mega container freight station at Khalifa port, UAE
THE UAE's Abu Dhabi Ports and China Cosco Shipping Ports (CSP) have signed an agreement to develop a container freight station (CFS) at Khalifa Port.
It will become the largest facility of its kind among the Gulf Cooperation Council (GCC) countries.
The CFS will offer bonded less than container load (LCL) and full container load (FCL) consolidation and deconsolidation services, cross stuffing, cargo weight reduction, and short-term warehousing for deconsolidated cargo, reported Dubai's ConstructionWeek Online.
The deal was inked on the sidelines of the official ground-breaking ceremony for the Hong Kong-headquartered shipping company's CSP Abu Dhabi Container Terminal, which is also located within Khalifa Port.
Once fully developed, the two new facilities combined are expected to push up Khalifa port's annual capacity to six million TEU.
Speaking at the ground-breaking ceremony, chairman of Cosco Shipping captain Xu Lirong said: "Khalifa port is an important gateway in Abu Dhabi, an important hub in the Middle East, and a major focal point for [the Belt and Road initiative. As such, it will play] a significant role in the shipping industry.
"The signing of the agreement [for the] CSP Abu Dhabi CFS project will further strengthen the services of the terminal and enhance the trade cooperation between the two countries," said Mr Lirong.
Said UAE Minister of State and chairman of Abu Dhabi Ports Sultan Ahmed Al Jaber: "The partnership between Abu Dhabi Ports and Cosco Shipping Ports, to develop the region's largest container freight station, will add a new dimension to UAE-China trade relations, and is fully aligned with Abu Dhabi's Vision 2030 to drive growth, attract investment, support economic diversification, and create sustainable jobs."
It will become the largest facility of its kind among the Gulf Cooperation Council (GCC) countries.
The CFS will offer bonded less than container load (LCL) and full container load (FCL) consolidation and deconsolidation services, cross stuffing, cargo weight reduction, and short-term warehousing for deconsolidated cargo, reported Dubai's ConstructionWeek Online.
The deal was inked on the sidelines of the official ground-breaking ceremony for the Hong Kong-headquartered shipping company's CSP Abu Dhabi Container Terminal, which is also located within Khalifa Port.
Once fully developed, the two new facilities combined are expected to push up Khalifa port's annual capacity to six million TEU.
Speaking at the ground-breaking ceremony, chairman of Cosco Shipping captain Xu Lirong said: "Khalifa port is an important gateway in Abu Dhabi, an important hub in the Middle East, and a major focal point for [the Belt and Road initiative. As such, it will play] a significant role in the shipping industry.
"The signing of the agreement [for the] CSP Abu Dhabi CFS project will further strengthen the services of the terminal and enhance the trade cooperation between the two countries," said Mr Lirong.
Said UAE Minister of State and chairman of Abu Dhabi Ports Sultan Ahmed Al Jaber: "The partnership between Abu Dhabi Ports and Cosco Shipping Ports, to develop the region's largest container freight station, will add a new dimension to UAE-China trade relations, and is fully aligned with Abu Dhabi's Vision 2030 to drive growth, attract investment, support economic diversification, and create sustainable jobs."
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