Gulftainer accelerates expansion of Sharjah's Khor Fakkan port
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Gulftainer unveils major logistics ambitions for Khor Fakkan expansion
The Emirati owner of the port of Khor Fakkan has unveiled a massive capacity expansion project to coincide with its transformation from common-user terminal operator to one-stop shop logistics service provider. At the same time as the fragile US-Iran “ceasefire” was collapsing, Gulftainer chief executive Farid Belbouab held a press conference in nearby Sharjah to outline the creation of four new business groups – GT Ports, GT Logistics, GT Parks…
The Emirate of Sharjah has unveiled an ambitious $2 billion investment plan to develop and expand Khor Fakkan Port and establish and develop the Al Dhaid and Al Sajaa logistics cities. This move aims to solidify the emirate's position as a regional and global hub for maritime trade, services, and supply chains, and enhance its readiness to accommodate the rapid growth in international trade. The Khor Fakkan Port expansion includes increasing the…
Gulftainer accelerates expansion of Sharjah's Khor Fakkan port
Port is crucial alternative to Hormuz $2bn investment in expansion Containers up from 8k to 65k weekly UAE logistics company Gulftainer has accelerated the expansion of Khor Fakkan Port in Sharjah after the Iran conflict triggered a surge in container traffic. Group chief executive Farid Belbouab said the company had brought forward the $2 billion investment in port capacity, logistics parks and shipping services after trade flows were rerouted …
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