Wikipedia

Karachi Gateway Terminal Multipurpose (Private) Limited

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]

Karachi Gateway Terminal Multipurpose (Private) Limited
Company typePrivate
Industry
  • Ports
  • Maritime
  • Logistics
Founded2023-10-18
HeadquartersBerth 11-17 East Wharf, Karachi Port,
Karachi
,
Pakistan
Key people
Khurram Aziz Khan, CEO
ServicesBulk and General Cargo Terminal Operations
ParentAD Ports Group (UAE)
Websitewww.kgtl.com.pk

Background edit

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]

Karachi Gateway Terminal Multipurpose (Private) Limited edit

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]

Development and growth of Karachi Port edit

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]

References edit

  1. ^ a b East, Forbes Middle. "AD Ports, Karachi Port Sign 25-Year Terminal Agreement". Forbes ME. Retrieved 2024-03-29.
  2. ^ a b c d e f "AD Ports Group signs 25-year deal with Karachi Port Trust to develop, operate and manage terminals". gulfnews.com. 2024-02-03. Retrieved 2024-03-29.
  3. ^ "Pakistan, UAE sign MoU for outsourcing operations of KPT cargo terminal". www.radio.gov.pk. Retrieved 2024-03-29.
  4. ^ East, Forbes Middle. "UAE's AD Ports, Pakistan's Karachi Port Trust Sign 50-Year Concession Deal". Forbes ME. Retrieved 2024-03-29.
  5. ^ a b c d "AD Ports Group, Karachi Port Trust sign 25-year concession deal". Arab News. 2024-02-05. Retrieved 2024-03-29.
  6. ^ Abbasi, Zaheer (2023-07-20). "Development of bulk, general cargo terminal at East Wharf: Body to negotiate draft framework deal with UAE". Brecorder. Retrieved 2024-04-02.
  7. ^ "Karachi Port to outsource bulk, general cargo terminal operations to UAE entity". 2023-08-15. Retrieved 2024-04-02.
  8. ^ Dey, Mrinmay (2023-07-24). "Pakistan, UAE to sign cargo terminal development agreement at Karachi -Pakistan finance ministry". Reuters. Retrieved 2024-04-02.
  9. ^ Kiani, Khaleeq (2023-07-20). "UAE firm to take over KPT's cargo terminal too". DAWN.COM. Retrieved 2024-04-02.
  10. ^ a b c Muzoriwa, Kudakwashe (2024-02-05). "AD Ports signs 25-year concession deal with Karachi Port". Retrieved 2024-03-29.
  11. ^ parag (2024-02-05). "AD Ports to invest $150m to upgrade Karachi cargo port". AGBI. Retrieved 2024-03-29.
  12. ^ "Karachi Port – Gateway to Maritime Trade for Central Asian Republics". ProPakistani. 2024-03-04. Retrieved 2024-04-02.
  13. ^ "AD Ports Group, Karachi Port Trust extend collaboration with 25-year concession deal". Arab News. 2024-02-04. Retrieved 2024-04-02.
  14. ^ "13th Annual Port, Shipping and Logistics Management Summit held". Pakistan Observer. 2023-11-01. Retrieved 2024-03-29.
  15. ^ Ali, Kalbe (2024-04-07). "Seven wheat vessels berthed at Karachi Port". DAWN.COM. Retrieved 2024-04-13.
  16. ^ "AD Ports Group and Karachi Port Trust Extend Cooperation through 25-Year Concession Agreement for Bulk and General Cargo Terminal at Karachi Port". adportsgroup.com. Retrieved 2024-03-29.
  17. ^ Rahman, Fareed (2024-03-22). "AD Ports buys majority stake in key Georgian dry port". The National. Retrieved 2024-03-29.
  18. ^ a b Sarfraz, Sohail (2024-04-04). "Multipurpose terminal: KGTL aims to invest $75m". Brecorder. Retrieved 2024-04-09.
  19. ^ "AD Ports Group, Karachi Port Trust extend collaboration with 25-year concession deal". Arab News. 2024-02-04. Retrieved 2024-04-02.
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