Karachi_Gateway_Terminal_Multipurpose_(Private)_Limited

Karachi Gateway Terminal Multipurpose (Private) Limited

Karachi Gateway Terminal Multipurpose (Private) Limited

Pakistani cargo terminal company


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]

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Background

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

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

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

  1. East, Forbes Middle. "AD Ports, Karachi Port Sign 25-Year Terminal Agreement". Forbes ME. Retrieved 2024-03-29.
  2. East, Forbes Middle. "UAE's AD Ports, Pakistan's Karachi Port Trust Sign 50-Year Concession Deal". Forbes ME. Retrieved 2024-03-29.
  3. "AD Ports Group, Karachi Port Trust sign 25-year concession deal". Arab News. 2024-02-05. Retrieved 2024-03-29.
  4. Kiani, Khaleeq (2023-07-20). "UAE firm to take over KPT's cargo terminal too". DAWN.COM. Retrieved 2024-04-02.
  5. Muzoriwa, Kudakwashe (2024-02-05). "AD Ports signs 25-year concession deal with Karachi Port". Retrieved 2024-03-29.
  6. parag (2024-02-05). "AD Ports to invest $150m to upgrade Karachi cargo port". AGBI. Retrieved 2024-03-29.
  7. "13th Annual Port, Shipping and Logistics Management Summit held". Pakistan Observer. 2023-11-01. Retrieved 2024-03-29.
  8. Ali, Kalbe (2024-04-07). "Seven wheat vessels berthed at Karachi Port". DAWN.COM. Retrieved 2024-04-13.
  9. Rahman, Fareed (2024-03-22). "AD Ports buys majority stake in key Georgian dry port". The National. Retrieved 2024-03-29.
  10. Sarfraz, Sohail (2024-04-04). "Multipurpose terminal: KGTL aims to invest $75m". Brecorder. Retrieved 2024-04-09.

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