Considerations are at an early stage and Blackstone may still decide against pursuing a deal, a report said
The project was announced at a high-profile ceremony held to unveil, the Abu Dhabi Ports Company, Abu Dhabi Terminals Company and the revealing of the model for the new Khalifa Port & Industrial Zone.
The operations of the existing Port Zayed will be shifted to the new Khalifa Port in the coming five years. Work on this important initiative has already started and the project is in the procurement stage. The port will be complemented by an industrial zone — The Khalifa Industrial Zone, spreading over 100 square kilometres catering a number of industries including base metals, heavy industry, chemicals, trade and logistics, building materials and medium and light industry.
A number of industrial players have already committed to establishing capacity at Khalifa Industrial Zone; those include the 1.2 million tonne a year aluminium smelter, in addition to a steel mill. Located midway between Abu Dhabi & Dubai at Al Taweelah it will be a state-of-the-art and efficient port with best in class facilities.
"The Department of Transportation intends to further the interest of investors and developers in the ports sector and to contribute to its development in the Emirate," Said Khalfan Ghaith Al Mehairbi, Chairman, Department of Transportation.
Ahmed Saeed Al Calily, Managing Director of Abu Dhabi Ports Company, said: "Our objective is to act as an enabler for trade and development and facilitate its contribution to the national economy. In doing so, we will provide our customers and stakeholders with the highest levels of service in a responsive and transparent manner," he explained.
Considerations are at an early stage and Blackstone may still decide against pursuing a deal, a report said
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