Abu Dhabi's Mina Zayed port handled 518,000 TEUs, up two percent over the previous year, reported Reuters.
The CEO of Abu Dhabi Ports Company, Tony Douglas, said Mina Zayed's operations would move to the new Khalifa Port in the fourth quarter of 2012.
"Ninety-five percent of containers that come to Mina Zayed stays in Abu Dhabi, it is a destination port, so Khalifa Port will become a destination port," he told a conference.
Abu Dhabi Ports Company is developing the US$2.18 billion Khalifa Port & Industrial Zone and plans an up to $1 billion bond in the first quarter to help finance the project.
When the Khalifa Port's first phase becomes operational in 2012, it will have capacity of two million containers and nine million tonnes of cargo a year, four times higher than existing capacity at Abu Dhabi's main Mina Zayed port.
The CEO of Abu Dhabi Ports Company, Tony Douglas, said Mina Zayed's operations would move to the new Khalifa Port in the fourth quarter of 2012.
"Ninety-five percent of containers that come to Mina Zayed stays in Abu Dhabi, it is a destination port, so Khalifa Port will become a destination port," he told a conference.
Abu Dhabi Ports Company is developing the US$2.18 billion Khalifa Port & Industrial Zone and plans an up to $1 billion bond in the first quarter to help finance the project.
When the Khalifa Port's first phase becomes operational in 2012, it will have capacity of two million containers and nine million tonnes of cargo a year, four times higher than existing capacity at Abu Dhabi's main Mina Zayed port.