Abu Dhabi Ports will buy out Abu Dhabi Terminals’ (ADT) remaining shareholders, Mubadala Investment Company and Mubadala Infrastructure Partners (MIP), who have agreed to sell their 50% stake for an undisclosed sum.
The investments made by Mubadala Investment Company, a state-owned holding company with over $200 billion in assets, and MIP, an emerging markets infrastructure fund manager, were made to develop the core industry sectors in Abu Dhabi.
ADT operates and manages the Khalifa Port Container Terminal under a 30-year concession made in 2012.
Learn more about Khalifa Port, an innovator behind Abu Dhabi’s growth, by reading a Port Technology technical paper
Khalifa Port’s container volumes for 2019 are expected to double the 1.5 million TEU handled in 2017 after China’s COSCO Shipping Ports completes its $700 million container terminal at the facility.
After signing a 35-year concession agreement with Abu Dhabi Ports in 2016, COSCO broke ground on the terminal in February 2018.
