Dubai invests $370millions in Aden containers Port [Archives:2005/878/Local News]

September 19 2005

ADEN – Deputy Manager of the General Corporation for Free Zones, Dr. Mohamed Mahmoud Al-Wedhn, said that Dubai International Company for Ports, will resume management of the container port in Aden next month. The company will be investing $370 million in developing infrastructure, as per its contractual commitments, Al-Wadhn said. It will also build a village for air- freight in Aden airport in addition to rehabilitation of free zone and the construction of a dry basin for ship servicing.

Mr.Al-Wadhn added that negotiations with the company are proceeding smoothly and most of the differences are resolved.

Dubai Company is committed to raise the number of containers to 1.5million, within three years of the commencement of its work.

The deputy manager pointed out that Aden port has got natural characteristics that distinguishes it form other ports in the area. Its strategic position as a bridge between Europe, Africa, Asia and South Asia is prominent among its advantages. Al-Wadhn said that it is unlikely to enter into competition with Dubai port at least for the time being.

Mr. Al-Wadhn described previous press campaigns that tried to interrupt the progress of agreement negotiations as unpatriotic.