Completion of IWE infrastructure [Archives:2002/15/Business & Economy]

The infrastructure of the AFZ Industrial & Warehousing Estate (IWE) was completed in last October. Operation in the estate is now prepared for establishing investment projects, as reported by Adnan Al-Kaff, the Director (Corporate Appoints) at Yeminvest to Al-Fanar Bulletin.
He pointed out that the official opening shall be made soon in coordination with the leadership of the Free Zone Public Authority. The ceremony will be appropriate to the Estate location significance for attracting investment.
Adnan Al-Kaff called on investors who have signed contracts with Yeminvest to start the process of constructing industries, warehousing and investment project that can be implemented at present. Regarding Yeminvest activity in shipping business of Aden Container Terminal (ACT), he said: Yeminvest has signed contracts with some new shipping companies, such as UNI Glory Co. & Coscon for Shipping, thus, opening two new shipping lines, in addition to some new shipping services being extended to APL and PEL so as to increase the number of containers handled at Act, thus reducing shipping costs.
Al-Kaff pointed out to the increasing number of vessels and containers coming to the Terminal. Number of vessels arrived during last year, 2001 reached 856 while the number for the year 2000 was 590 vessels only. Numbers of containers coming to the Terminal during last year, 2001 amounted to 377,367, while the number for the year 2000 was 247,913. The figures above are a proof of the ever increasing giant container vessels choosing ACT as their preferred Terminal due to better facilities and services they received and the distinguished geographical location among world ports.
He clarified that the Terminal has not been operated up to its maximum capacity. Still there are potentials have not been tapped yet more containers and more vessels can be accommodated. It is anticipated that a new crane will arrive in February this year as a fifth giant crane operating at ACT. This will help in speeding up container handling and accommodation process. As to the issue of ACT expansion to increase its shipping business, he affirmed that the remaining stages shall be duely implemented when viability is secured or the business at ACT reaches its maximum capacity.

——
[archive-e:15-v:2002-y:2002-d:2002-04-08-p:./2002/iss15/b&e.htm]