ًWhy this partnership between you and COSCO is considered a milestone for Abu Dhabi Ports?
Capt. Mohamed Al Shamisi, CEO, ADP: Simply COSCO is the largest shipping company in the world and its lines are reaching the most important destinations, especially China. This will give Abu Dhabi Port a great advantage because if you are running your business here, you will be able to import and export to the whole world with the best prices.
Why did COSCO select Abu Dhabi Ports as a partner to do this massive project?
Zhang Wei, Vice Chairman, COSCO: The location of Khalifa Ports is remarkable at the center of the world and the global trade routes, near the emerging market. Abu Dhabi Ports management has been so supportive to us and this is the fastest partnership we had ever made. Within less than a year we celebrated the ground breaking and we are starting the construction works now.
What is the impact of this partnership on Abu Dhabi Ports and the UAE economy?
Capt. Mohamed Al Shamisi, CEO, ADP: Abu Dhabi Ports will be one of the best destinations to do shipping, import/export and logistics business. KIZAD will be one of the most competitive industrial free zones in the region, since it will be very cheap to import the raw material from everywhere around the globe and very cheap to export to the new markets as well. This will boost UAE economy rapidly.
Jameela Al Junaibi, VP, ADP: We are now witnessing the effective outcome of H.H Sheikh Mohammed bin Zayed’s significant efforts and the remarkable collaboration with China in 2015 notably to the One Belt, One Road initiative.
What kind of shipments you will be handling?
Zhang Wei, Vice Chairman, COSCO: In the first phase, we will be handling containers. If things went well we will expand our scope to handle break bulk shipments and RORO shipments.
Will Abu Dhabi Ports make partnerships with other terminal operators in the future?
Capt. Mohamed Al Shamisi, CEO, ADP: Our master plan is capable to handle more expansions. ADT is reaching now 2.5m TEU and with COSCO partnership we will reach 6m TEU. We have now two terminal operators and we can have more in the future. For us sky is the limit.