Karachi: Abu Dhabi Ports Pakistan has committed to investing $250 million in Karachi Port over the next decade, aiming to enhance the port’s capabilities and operations.
According to Ministry of Information and Broadcasting, the investment details were outlined during a meeting between Prime Minister Muhammad Shehbaz Sharif and a delegation from Abu Dhabi Ports Pakistan, led by CEO Khurram Aziz Khan. The key component of this investment is the construction of a modern multi-purpose terminal, set to be completed within the next two years, with a budget of $130 million.
The planned terminal will feature advanced facilities including access control, automatic gates, an extended berth by an additional 200 meters, crane rail track, and other essential infrastructure. This development is expected to allow cargo ships weighing up to 120,000 tons to dock at the port, significantly boosting the port’s economic throughput.
Prime Minister Shehbaz Sharif emphasized that the partnership with Abu Dhabi Ports would foster greater transparency and efficiency in port operations. He highlighted the need for digital advancements and modern machinery to manage goods and containers more effectively. Additionally, he directed railway authorities to provide necessary rolling stock to support the operationalization of the new terminal and ensure efficient goods movement.