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Company type | Private |
---|---|
Industry |
|
Founded | 2023-10-18 |
Headquarters | Berth 11-17 East Wharf, Karachi Port, Karachi , Pakistan |
Key people | Khurram Aziz Khan, CEO |
Services | Bulk and General Cargo Terminal Operations |
Parent | AD Ports Group (UAE) |
Website |
www |
Karachi Gateway Terminal Multipurpose (Private) Limited (KGTML) is a company which operates a bulk and general cargo terminal on the East Wharf of Pakistan's Karachi Port. [1] [2] [3]
In June 2023, AD Ports Group was granted a 50-year concession agreement to develop and operate a container terminal on the East Wharf of Karachi Port on berths 6-10 under Karachi Gateway Terminal (KGTL). [4] [5] In October 2023, AD Ports Group was awarded a second concession to develop and operate a bulk and general cargo terminal across berths 11-17 under KGTML. [2] Collectively, AD Ports Group has operational control of a consolidated 2300 meters of quay wall on the East Wharf of Karachi Port. [5] These concession grants to the AD Ports Group come after an inter-governmental arrangement between the Governments of UAE and Pakistan. [6] [7] [8] [9]
KGTML is a joint venture between AD Ports Group, as the majority shareholder, and Kaheel Terminals of the UAE. [5] [10] It was registered with the Securities and Exchange Commission of Pakistan on October 18, 2023. It operates a bulk and general cargo terminal across berths 11–17 on the East Wharf of Karachi Port under a 25-year concession. [2] [11] [12] The general cargo operations primarily handle steel, paper, and clinker, while the clean bulk terminal handles grains and fertilizers. [2] KGTML operates along 1,500 meters of quay wall for general cargo and bulk operations. [1] [5] [13]
Mr. Khurram Aziz Khan is the current CEO of KGTML. [14]
AD Ports Group, through KGTML, announced it would invest $100 million in the project [10] [15] An investment of $75 million is planned within the first two years of the concession. [2] [16] [17] [18]
KGTML plans to upgrade the infrastructure and the superstructure at the bulk and general cargo terminal. The investment aims to enhance efficiency and capacity by 75%, enabling the terminal to handle up to 14 million tons per annum compared to its current 8 million tons per annum. [2] [10] [19] [18]
This article has multiple issues. Please help
improve it or discuss these issues on the
talk page. (
Learn how and when to remove these template messages)
|
Company type | Private |
---|---|
Industry |
|
Founded | 2023-10-18 |
Headquarters | Berth 11-17 East Wharf, Karachi Port, Karachi , Pakistan |
Key people | Khurram Aziz Khan, CEO |
Services | Bulk and General Cargo Terminal Operations |
Parent | AD Ports Group (UAE) |
Website |
www |
Karachi Gateway Terminal Multipurpose (Private) Limited (KGTML) is a company which operates a bulk and general cargo terminal on the East Wharf of Pakistan's Karachi Port. [1] [2] [3]
In June 2023, AD Ports Group was granted a 50-year concession agreement to develop and operate a container terminal on the East Wharf of Karachi Port on berths 6-10 under Karachi Gateway Terminal (KGTL). [4] [5] In October 2023, AD Ports Group was awarded a second concession to develop and operate a bulk and general cargo terminal across berths 11-17 under KGTML. [2] Collectively, AD Ports Group has operational control of a consolidated 2300 meters of quay wall on the East Wharf of Karachi Port. [5] These concession grants to the AD Ports Group come after an inter-governmental arrangement between the Governments of UAE and Pakistan. [6] [7] [8] [9]
KGTML is a joint venture between AD Ports Group, as the majority shareholder, and Kaheel Terminals of the UAE. [5] [10] It was registered with the Securities and Exchange Commission of Pakistan on October 18, 2023. It operates a bulk and general cargo terminal across berths 11–17 on the East Wharf of Karachi Port under a 25-year concession. [2] [11] [12] The general cargo operations primarily handle steel, paper, and clinker, while the clean bulk terminal handles grains and fertilizers. [2] KGTML operates along 1,500 meters of quay wall for general cargo and bulk operations. [1] [5] [13]
Mr. Khurram Aziz Khan is the current CEO of KGTML. [14]
AD Ports Group, through KGTML, announced it would invest $100 million in the project [10] [15] An investment of $75 million is planned within the first two years of the concession. [2] [16] [17] [18]
KGTML plans to upgrade the infrastructure and the superstructure at the bulk and general cargo terminal. The investment aims to enhance efficiency and capacity by 75%, enabling the terminal to handle up to 14 million tons per annum compared to its current 8 million tons per annum. [2] [10] [19] [18]