Sharjah, UAE — Gulftainer, a ports and terminals operator, has extended its concession agreements with the Sharjah Ports, Customs and Free Zones Authority for a further 35 years.
Sharjah Ports said the agreement reinforces the shared mission to transforming UAE’s supply chain and logistics industry throughout the Northern Emirates’ key trade gateways at Sharjah Container Terminal and Khorfakkan Container Terminal.
The extended agreements allow Gulftainer to manage, operate and further develop Sharjah Container Terminal (SCT) and Khorfakkan Container Terminal (KCT) throughout this century.
This will encompass the unique value proposition elements of both ports – for SCT and Port Khalid, the first container terminal in the Middle East – where Gulftainer and Sharjah Ports Authority have been the trade enabler not only for the Emirate of Sharjah but also for the Northern Emirates and the whole UAE, handling container, bulk, Ro-Ro and general cargo.
Gulftainer signed the original concession agreements for operating and managing the container terminal at Port Khalid in 1976 and the container terminal at Port Khorfakkan in 1986.
The concession agreement was extended in the presence of Sheikh Khalid bin Abdullah Al Qasimi, Chairman for Sharjah Ports, Customs and Free Zones Authority, who signed the agreement with Peter Richards, Group CEO of Gulftainer.
Sheikh Khaled bin Abdullah said, “We look forward to continuing these endeavors and remain committed to fostering the right blueprint for advancing the UAE’s maritime sector by connecting our region with global markets.”
