Abu Dhabi Terminals reports continued growth of cargo and passenger handling in first quarter
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Sat April 28, 2012 11:30 am

UAE. Abu Dhabi Terminals (ADT) reports the continued growth of cargo and passenger handling at its main port in Mina Zayed during the first quarter of 2012.


Notes:
TEU is an industry norm for twenty foot equivalent units.
Freight tons relate to the weight or cubic measure of the cargo.

Commenting on the growth Mr. Martijn Van de Linde, ADT’s CEO, said: “It is very rewarding to see the continued growth in cargo handling in Abu Dhabi. The vast majority of our nation’s international trade is seaborne, so this is also a good indication that Abu Dhabi’s population and economy are developing favourably and that the Abu Dhabi Economic Vision 2030 is on track.”

Van de Linde continued: “At ADT we are the interface between Abu Dhabi’s businesses and the global markets. We have worked hard to ensure we offer the services needed, so I am proud to see the response from the importers and exporters. The growth also reaffirms that the decision to develop the new container terminal at Khalifa Port was right, and we are excited about opening the region’s first semi-automated facility in the fourth quarter of this year.”


About Abu Dhabi Terminals

Abu Dhabi Terminals currently manages and operates the three leading ports in Abu Dhabi: Mina Zayed, the main gateway for cargo in the Emirate of Abu Dhabi; Mina Freeport that caters for smaller vessels, tugs and barges; and Mina Musaffah located in the heart of the industrial area.
 
The diversified portfolio of services includes a dedicated Container Terminal, Container Freight Station, Warehousing, Cold Store and a General Cargo Terminal that is widely regarded as the market leader in the region.

ADT will also manage and operate Khalifa Port when it opens in the fourth quarter of 2012.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 17, 2014
KUWAIT. According to a newly released report by Kuwait Finance House Research, the global sukuk market saw a modest volume of US$31.14 billion in new sukuk issuances in 1Q2014. This volume represents a drop of 9.82% compared to US$34.53 billion worth of issuances in 1Q13.
date:Posted: April 16, 2014
INTERNATIONAL. The WGC pointed out that the Chinese bank savings amount to US$7.5 trillion but only about US$300 billionn is allocated to gold, signifying the potential for gold demand to grow as Chinese wealth climbs.
date:Posted: April 16, 2014
UAE. "A similar drop to 2013 is unlikely. Those who wanted to get out of gold did, and the rest of 2014 will probably be a year of sideways trading."
SAUDI ARABIA. The GCC said in a statement that foreign ministers of the six-member body had met in Riyadh for a comprehensive review of measures used to implement foreign and security policies.
dhgate