Gulftainer, a regional port and terminal operator and provider of supply chain and logistics solutions, has extended its concession agreements with the Sharjah Ports, Customs and Free Zones Authority for another 35 years, reinforcing the shared mission of transforming the UAE's supply chain and logistics industry at Sharjah Container Terminal and Khorfakkan Container Terminal in the Northern Emirates.
Gulftainer will manage, operate and expand Sharjah Container Terminal (SCT) and Khorfakkan Container Terminal (KCT) throughout the rest of the century thanks to the extended agreements.
KCT, one of the world's most productive ports, is located outside the Straits of Hormuz on Sharjah's Indian Ocean coast, serving the major east-west shipping routes, and has the capacity to handle the world's largest container vessels as well as general cargoes for the UAE market and the wider GCC region.
Sheikh Khalid bin Abdullah Al Qasimi, chairman of Sharjah Ports, Customs and Free Zones Authority, honoured the historic event by signing the agreement with Peter Richards, Group CEO of Gulftainer.
This ongoing collaboration between Sharjah Ports Authority and Gulftainer spans five decades, highlighting the value of public-private partnerships and their critical role in revolutionizing port infrastructure and bolstering trade for the region and beyond.
"Sharjah is well-positioned to contribute to the future and prosperity of the country’s economy, and with the extended concession agreements with Gulftainer, we strengthen the foundation stone for a new era of resilient trade and smooth connectivity for the supply chain and logistics industry, both within and from our region to the world," commented Sheikh Khaled bin Abdullah Al Qasimi.