AD Ports Group and Karachi Port Trust Extend Cooperation through 25-Year Concession Agreement for Bu ...
Abu Dhabi, UAE – 03 February 2024: AD Ports Group (ADX: ADPORTS), a global leader in trade, logistics, and industry, today announced the signing of a new concession agreement for Bulk and General Cargo operations with Karachi Port Trust (KPT), the Pakistani federal government agency that oversees the operations of the Port of Karachi.
Under the terms of the 25-year concession agreement, Karachi Gateway Terminal Multipurpose Limited (KGTML), a Joint Venture between AD Ports Group, as a majority shareholder, and Kaheel Terminals, a UAE-based company, will develop, operate and manage the Bulk and General Cargo terminal berths 11-17 at Karachi Port's East ......Read More
