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ABU DHABI: December 16, 2018. COSCO Shipping Ports (CSP) and Abu Dhabi Ports have opened the CSP Abu Dhabi Terminal at Khalifa Port to handle ships with a capacity of 20,000 TEU.

The deepwater, semi-automated container terminal includes the largest Container Freight Station in the Middle East, covering 275,000 square metres, and offers facilities for full and partial bonded container shipments.

COSCO Abu Dhabi Ports The terminal is the first international greenfield subsidiary of CSP, a subsidiary of China COSCO Shipping, built at a cost of US$300 million.

Abu Dhabi Ports has earmarked US$2.7 billion that will increase capacity at Khalifa Port from the current five million TEU to 9.1 million.

“CSP Abu Dhabi Terminal is the latest major achievement from China and UAE’s joint efforts to implement ‘the 21st Century Maritime Silk Road’ in ports and shipping industry,” declared He Jianzhong, deputy minister of China’s Ministry of Transport. “CSP and Abu Dhabi Ports will continue to cooperate and increase capacity of Abu Dhabi Khalifa Port to make it a container gateway port and an important hub port in the Middle East in the near future, with an aim to better serve trade and economic development, as well as local community and people.”

China is the UAE’s largest non-oil trade partner. In 2017, bilateral trade between the two countries increased by 15 percent to more than US$53 billion, representing 14.7 percent of the UAE’s total foreign trade. During the same period the UAE accounted for nearly 30 percent of total Chinese exports to Arab countries and about 22 per cent of total Arab-China trade. Bilateral trade is expected to increase to US$70 billion a year by 2020.

The CSP terminal inauguration included Sheikh Hamed bin Zayed Al Nahyan, chairman of Abu Dhabi Crown Prince Court; Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, chairman of the UAE Department of Transport; Ning Jizhe, deputy director of China’s National Development and Reform Commission; Sultan Al Jaber, the UAE minister of State and chairman of Abu Dhabi Ports; He Jianzhong, deputy minister of China’s Ministry of Transport; Ni Jian, China’s ambassador in the UAE; Captain Xu Lirong, chairman of COSCO Shipping; Captain Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports; and Zhang Wei, vice chairman and managing director of COSCO Shipping Ports.

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