Dubai: Abu Dhabi Terminals has announced a financing agreement with Abu Dhabi Commercial Bank (ADCB) for the development of Khalifa Port Container Terminal (KPCT). The AED300m agreement marks the first long-term finance solution for ADT.
Martijn Van De Linde, CEO of Abu Dhabi Terminals, said: “We are extremely pleased to sign this long-term agreement with ADCB, a key partner for Abu Dhabi Terminals’ future growth strategy. KPCT has witnessed a 20% year-on-year increase in containers handled since its opening in December 2012. This important financial partnership with ADCB allows us to invest in the required expansion to support the economic growth of the UAE and at the same time provide our customers with fast and efficient services.” [06/01/15]