The master developer and regulator of ports and industrial zones in Abu Dhabi saw a boost in net profits and revenues for the first half of 2016, and the amount of new land leased at the Khalifa Industrial Zone rose by 50 percent from a year ago.
Abu Dhabi Ports, the operator and manager of the ports and the Khalifa Industrial Zone in the emirate of Abu Dhabi, reported net profits for the first half of 2016 surged 77 percent from the corresponding period last year, while revenues increased 20 percent.
Container volumes at the Khalifa Port Container Terminal (KPCT) rose 11 percent from the first half of 2015 to 699,776 TEUs, driven by rapid growth in polymer exports and transshipment activity across the Gulf.
Roll-on/roll-off volumes at Abu Dhabi Ports ticked up 4 percent year-over-year to 58,000 vehicles.
Meanwhile, the amount of new land leased in the Khalifa Industrial Zone is over 1.5 million square meters, an increase of 50 percent from this time last year. “Ten facilities in logistics, warehousing, food, printing and packaging, aluminum, workshops, repairs and mixed use are already operational, while 13 more will be operational by Dec. 31, 2016,” Abu Dhabi Ports said.
Commenting on the first half of 2016 results, Abu Dhabi Ports CEO Capt. Mohamed Juma Al Shamisi said, “These results demonstrate the crucial role that Abu Dhabi Ports plays as a UAE’s regional and increasingly global maritime trade hub, especially for those seeking to access the USD 7.8 trillion Middle East, Africa and South Asian region. We continue to invest and upgrade our offerings and facilities to support fast, inter-connected and efficient supply chains while also reaffirming Abu Dhabi’s position as a center of excellence in maritime trade.”
Abu Dhabi Ports reveals booming first-half results
