Abu Dhabi Terminals to manage Mina Zayed

Press release

Published December 30th, 2010 - 01:27 GMT

Abu Dhabi Port Company

DP World and Abu Dhabi Terminals (ADT) announced today that, with the expiry of a five year management services agreement, from the New Year, marine terminal operations at Abu Dhabi's Mina Zayed will be handled by ADT.

The terminal is currently managed by DP World.

In addition, discussions around the operations for the new Khalifa Port have not resulted in any binding agreement. DP World, ADT and its parent Abu Dhabi Port Company (ADPC) continue to co-operate, as they have in the past.

Mohammed Al Muallem, Senior Vice President and Managing Director DP World, UAE region, said:

"We have worked closely with ADT and ADPC over many years and we will continue to work closely with them into the future. Efficient infrastructure supports economic growth and Mina Zayed, and Port Khalifa and its associated industrial park when built, will contribute to the growth of Abu Dhabi and the UAE."

He added:

"We are proud of our achievements at Mina Zayed and our success in supporting our colleagues in Abu Dhabi to bring Mina Zayed in line with global standards of operations and service. We wish the team at ADT every success for the future."

Tawfeeq Al Mubarak, Chairman of ADT, said:

"We thank DP World for their support and sharing their expertise and experience with us over the past five years. Our management team will continue to work closely with DP World to ensure a smooth transition. We are committed to improving the capabilities of ADT to better serve our customers and to enhance the capabilities of the company in anticipation of the move to the new Khalifa Port in Q4 2012."

Tony Douglas, CEO of ADPC, added:

"We look forward to continuing to grow our handling operations, providing the highest level of excellent service to our customers, which in turn will contribute to the development of Abu Dhabi and the UAE."

Background Information

Abu Dhabi Ports Company

Abu Dhabi Ports Company (ADPC) is a master developer and regulator of ports and industrial zones. The objective of ADPC is to act as an enabler for development and trade and facilitate its contribution to the diversification of the national economy. In doing so, it will provide its customers and stakeholders with the highest levels of service in a responsive and transparent manner.

ADPC was established in March 2006 by Emiri Decree No. 6 of 2006 in the Emirate of Abu Dhabi as part of the restructuring of the commercial ports sector in the Emirate and was given control and regulatory enforcement power over all commercial ports assets previously owned by the Abu Dhabi Seaports Authority (ADSA).

Company Profile

DP World

We began life as a local port operator with our first project, the development of Dubai’s Port Rashid, in 1972. Seven years later we opened Jebel Ali Port, the busiest port outside of Asia and a facility that has propelled us on our journey to becoming a leading enabler of global trade.