Hutchison Ports Celebrates New Terminal Operation at Saqr Port in Ras Al Khaimah
Hutchison Ports is pleased to announce the main commencement of its terminal procedure at Saqr Port in the emirate of Ras Al Khaimah (RAK), situated in the north United Arab Emirates (UAE). Under the new concession contract, ended under the patronage of His Highness Sheikh Saud bin Saqr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah, Hutchison Ports will operate the facility for a duration of 25 years. The terminal will run under the name Hutchison Ports RAK.
Presiding over the celebratory event participated in by over 150 guests, H.H. Sheikh Saud and Hutchison Ports Group Managing Director Eric Ip expressed their self-confidence the port facility will supply favorable support for local trade and economic growth. In his address, His Highness Sheikh Saud discussed the agreement, saying, "Among our purposes in Ras Al Khaimah is to develop business facilities that will certainly attract capitalists and entrepreneurs from around the globe. Hutchison Ports RAK and its prepare for future growth of the Saqr Port facilities are a key piece in our logistics puzzle which will certainly encourage those with interest to earn the commitment to Ras Al Khaimah. This partnership is more indicator that Ras Al Khaimah is devoted to supplying the framework, services and proficient workforce that permits business and industry to grow in the Emirate."
Mr. Ip said, "We are excited to have the chance to buy and run a container incurable facility that is positioned in a portal area and is home to the world's biggest porcelains producer. RAK has a strong export base, with numerous great shippers of porcelains, drugs, glass, cement, crushed rock and various other products. These business can now benefit from a much less stuffed and extra sustainable multimodal delivery course to Jebel Ali and past. Meanwhile, by frequenting Hutchison Ports RAK, local truckers will have a much shorter distribution route that enables them making more trips daily."
Hutchison Ports RAK is a four-berth, 350,000-TEU center featuring an 800-metre- lengthy quaywith a depth together with of 12 metres, along with a 20-hectare yard. It is located in a highly favorable place, simply 25 kilometres from the RAK city centre, in close proximity to the RAK Maritime City Free Area and the industrial areas of Al Hamra and Al Ghail.
Carriers in RAK will benefit significantly from the region's main location on the East-West trade lanes, which can receive an increase in website traffic from recovering global trade and from China's continent-spanning Belt and Road Effort. Hutchison Ports runs in 33 ports along the Belt and Road, making certain direct gain access to for RAK carriers as the effort creates. No financial details were disclosed.
About Hutchison Ports
Hutchison Ports is the port and related services division of CK Hutchison Holdings Limited (CK Hutchison). Hutchison Ports is the world's leading port investor, programmer and operator with a network of port procedures in 50 ports covering 26 countries throughout Asia, the Middle East, Africa, Europe, the Americas and Australasia. For many years, Hutchison Ports has actually broadened right into various other logistics and transportation-related services, consisting of cruise liner terminals, airport procedures, distribution centres, rail solutions and ship repair facilities.
In 2016, Hutchison Ports took care of a consolidated throughput of 81.4 million TEU.
