Abu Dhabi Ports Company (ADPC) will finish building within weeks the first phase of a 2.7 square km offshore port in Taweelah, part of the emirate's largest infrastructure project.
The initial phase of Khalifa Port and Industrial Zone (KPIZ) will open in late 2012 but later phases will not be fully completed for 20 years.
The project will be part of the Abu Dhabi Plan 2030 to stimulate new manufacturing industries and provide them with the transport links they require.
The first phase involved two years of dredging 45 million cubic metres to create a deep-draft, 12km approach channel to the port, and reclamation of the offshore port island.
"This is the first big visible reference that this port is here, it's real and it will be ready for business," said Tony Douglas, the chief executive of ADPC.
Mr Douglas, a former chief executive of London's Heathrow Airport, has been working on the project for the past four months, although his appointment as the head of ADPC was officially announced this week.
The project comprises the port, which is 4.6km offshore and connected by causeways to the mainland, and a 417 sq km inland free zone that will be the site of factories for aluminium, chemicals, paper and glass.
"This is not just a port that happens to have an industrial zone," Mr Douglas said.
"We are developing an industrial zone that has multi-modal transport connectivity, of which the port is vital."
He said the zone would also rely heavily on air and rail links from the planned Union Railway, and airports in Abu Dhabi and Dubai.
When complete, the port will be able to handle 15 million containers a year and about 35 million tonnes of general cargo.
Although a total cost has not been given, the KPIZ project budget to 2013 is Dh26.5 billion (US$7.21bn), ADPC said.
In 2007, ADPC awarded the Dh5.5bn dredging contract to a consortium including Archirodon Construction, Boskalis Westminster Middle East and Hyundai Engineering and Construction.
Contracts have been awarded to Larsen and Toubro for a Dh300 million deal to build electrical power systems, distribution substations and civil buildings.
In July last year, ADPC awarded a Dh1.4bn contract to Al Habtoor Leighton to build onshore port facilities, and Al Jaber-GIS was last month contracted to design and install control systems throughout onshore and offshore areas of KPIZ in a deal worth Dh350m.
Other contracts could be announced in the coming months, including those for offshore building works, port terminal infrastructure and facilities, and industrial zone road and utilities networks.
As well as becoming a catalyst for new industries, the port will also gradually assume the emirate's seaborne trade as Mina Zayed, in downtown Abu Dhabi, is wound down and redeveloped into office and residential space.
A plan to shift shipping lines and logistics companies to the new port would be drawn up in the next nine months, ADPC said.
Companies planning a presence at the port and industrial zone include EMAL, which is building one of the world's largest aluminium smelters, and a large chemicals company called Tacaamol, which is part of the Government's plan to develop downstream industries.
Khaled Salmeen, the executive vice president of the industrial zones unit for ADPC, said he was optimistic the industrial zone would attract major industrial players.
"We have a huge list of expressions of interest," Mr Salmeen said.
igale@thenational.ae
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1.45pm: Maiden Dh75,000 1,400m
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2.15pm: Handicap Dh90,000 1,400m
Winner: Kidd Malibu, Sandro Paiva, Musabah Al Muhairi
2.45pm: Maiden Dh75,000 1,000m
Winner: Raakezz, Tadhg O’Shea, Nicholas Bachalard
3.15pm: Handicap Dh105,000 1,200m
Winner: Au Couer, Sean Kirrane, Satish Seemar
3.45pm: Maiden Dh75,000 1,600m
Winner: Rayig, Pat Dobbs, Doug Watson
4.15pm: Handicap Dh105,000 1,600m
Winner: Chiefdom, Royston Ffrench, Salem bin Ghadayer
4.45pm: Handicap Dh80,000 1,800m
Winner: King’s Shadow, Richard Mullen, Satish Seemar
The specs
Engine: 3.0-litre six-cylinder turbo
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Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
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Transmission: Single-speed automatic
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On sale: Now
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
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Stay indoors when conditions are particularly poor.
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COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
About Okadoc
Date started: Okadoc, 2018
Founder/CEO: Fodhil Benturquia
Based: Dubai, UAE
Sector: Healthcare
Size: (employees/revenue) 40 staff; undisclosed revenues recording “double-digit” monthly growth
Funding stage: Series B fundraising round to conclude in February
Investors: Undisclosed
Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
THE SPECS
Engine: 3.5-litre supercharged V6
Power: 416hp at 7,000rpm
Torque: 410Nm at 3,500rpm
Transmission: 6-speed manual
Fuel consumption: 10.2 l/100km
Price: Dh375,000
On sale: now
AndhaDhun
Director: Sriram Raghavan
Producer: Matchbox Pictures, Viacom18
Cast: Ayushmann Khurrana, Tabu, Radhika Apte, Anil Dhawan
Rating: 3.5/5
COMPANY%20PROFILE
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The specs
Engine: 2.0-litre 4-cylinder turbo
Power: 258hp from 5,000-6,500rpm
Torque: 400Nm from 1,550-4,000rpm
Transmission: Eight-speed auto
Fuel consumption: 6.1L/100km
Price: from Dh362,500
On sale: now
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
ACL Elite (West) - fixtures
Monday, Sept 30
Al Sadd v Esteghlal (8pm)
Persepolis v Pakhtakor (8pm)
Al Wasl v Al Ahli (8pm)
Al Nassr v Al Rayyan (10pm)
Tuesday, Oct 1
Al Hilal v Al Shorta (10pm)
Al Gharafa v Al Ain (10pm)
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5
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What is an ETF?
An exchange traded fund is a type of investment fund that can be traded quickly and easily, just like stocks and shares. They come with no upfront costs aside from your brokerage's dealing charges and annual fees, which are far lower than on traditional mutual investment funds. Charges are as low as 0.03 per cent on one of the very cheapest (and most popular), Vanguard S&P 500 ETF, with the maximum around 0.75 per cent.
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The first ETF was launched as recently as 1993, but the sector boasted $5.78 billion in assets under management at the end of September as inflows hit record highs, according to the latest figures from ETFGI, a leading independent research and consultancy firm.
There are thousands to choose from, with the five largest providers BlackRock’s iShares, Vanguard, State Street Global Advisers, Deutsche Bank X-trackers and Invesco PowerShares.
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The specs
Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now
Company%20Profile
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