Hutchison Port Holdings (HPH) has signed an agreement with Ajman Port Authority that paves the way for the development and operation of Ajman Port in the United Arab Emirates (UAE).
A company will soon be established to operate the container terminal in Ajman Port – the 52nd port in the HPH network of ports – for a concession period of 10 years.
Commenting on the latest addition to the HPH network of ports, John Meredith, Group Managing Director of HPH, said, “The Middle East is an important market for HPH. We are pleased to be part of the Government of Ajman’s ambitious plan to put the Ajman Emirate in an advanced economic position in the Arabian Gulf Area and make it a focal investment centre for local and foreign capitals and investors. It is our plan to modernise the port and improve its competitiveness to support the development of the Ajman Emirate.”
Ajman Port lies just only 25 kilometres from Dubai and 10 kilometres from Sharjah, where most of the UAE’s manufacturing and trading companies are located, making it a strategic port to capture cargo coming from and destined for South East Asia, South America and Australia. The main container and general cargo berths of the terminal have a total quay length of 1,250 metres and a yard area of 12.9 hectares.