Hutchison Ports signs 25 year port concession with UAE's Ras Al Khaimah

Hutchison Port Holdings Trust

06/11/2017 11:13

DUBAI, Nov 6 (Reuters) - Hong Kong-based Hutchison Ports has 
signed a 25 year concession agreement to develop a container 
terminal facility at Saqr Port in the north of the United Arab 
Emirates, the government of Ras Al Khaimah said on Monday.     
    Under the agreement, Hutchison Ports will operate a four 
berth, 350,000 twenty foot equivalent unit (TEU) capacity 
terminal, the Ras Al Khaimah government said in a statement. 
    Saqr Port is the main commercial port in Ras Al Khaimah, the 
UAE's most northern emirate. The port is owned by the Ras Al 
Khaimah government. 
 
 (Reporting by Alexander Cornwell; Editing by Mark Potter) 
 ((Alexander.Cornwell@thomsonreuters.com;)) 
 
Keywords: EMIRATES RAS AL KHAIMAH/CKH HOLDINGS