Sharjah Ports Authority and Gulftainer Extend Agreements for the Development of Sharjah and Khorfakkan Terminals

On Monday, the Sharjah Ports, Customs, and Free Zones Authority announced the extension of its concession agreements with Gulftainer, a prominent ports and terminals operator, and a provider of supply chain and logistics solutions. The extended agreements, spanning an additional 35 years, solidify the commitment of both entities to revolutionize the UAE’s supply chain and logistics industry, particularly at the key trade gateways of Sharjah Container Terminal (SCT) and Khorfakkan Container Terminal (KCT), according to Gulftainer’s official statement.

Key Agreement Details:
Under these renewed agreements, Gulftainer will maintain its responsibility to manage, operate, and advance the Sharjah and Khorfakkan Container Terminals until 2058.

Chairman’s Perspective: Sheikh Khaled bin Abdullah Al Qasimi, Chairman of Sharjah Ports Authority, expressed confidence in Sharjah’s strategic economic contribution, stating, “With the extended concession agreements with Gulftainer, we strengthen the foundation for a new era of resilient trade and smooth connectivity for the supply chain and logistics industry, both within our region and globally.”

Trade Enablers: Gulftainer and Sharjah Ports Authority have played pivotal roles as trade enablers for the Emirate of Sharjah, the Northern Emirates, and the entire UAE, handling various types of cargo, including containers, bulk, roll-on/roll-off (Ro-Ro), and general cargo.

CEO’s Perspective: Peter Richards, Gulftainer’s Group CEO, highlighted the significance of the extended concession agreements, stating, “The agreements are a testament to Sharjah Ports Authority’s confidence in the limitless capabilities that we always strive to deliver in developing tailor-made supply chain and logistics solutions for our global customers.”

Milestones in Collaboration:
The enduring 50-year collaboration between Sharjah Ports Authority and Gulftainer represents a significant milestone in the UAE’s maritime landscape, emphasizing the value of public-private partnerships in transforming port infrastructure and boosting trade regionally and beyond. Gulftainer originally signed concession agreements for operating and managing the container terminals at Port Khalid in 1976 and Port Khorfakkan in 1986.