Abu Dhabi Ports Company (ADPC) has awarded a $329 million contract to Hyundai Engineering and Construction Co. Ltd to construct its flagship Khalifa Port and Industrial Zone (KPIZ) project.
South Korea's Hyundai Engineering and Construction will handle project management, design, procurement, construction, testing and commissioning of all civil works associated with the construction of the Offshore Terminal Area, according to ADPC.
The project will consist of a 1,000 metre semi-automated container terminal and 1,400 metre break bulk and general cargo terminal.
Work is scheduled to begin immediately and Phase 1 of Khalifa Port will open in the fourth quarter of 2012, replacing Abu Dhabi's main port of Mina Zayed.
The new port will have an initial capacity of 2 million twenty foot equivalent units (TEUs) of containers and 9 million tonnes of general cargo.
When all phases of Khalifa Port are completed, it will have a capacity of 15 million TEU’s of containers and 35 million tonnes of general cargo.
ADPC Chief Executive Officer, Tony Douglas, expressed his pleasure in working with Hyundai as "another key partner who is committed to delivering a high quality solution, safely, on time and to budget."
Located midway between Abu Dhabi and Dubai in the Taweelah industrial district, KPIZ will consist of a "new, world-class multi-purpose offshore port and one of the largest integrated industrial zones in the world".
KPIZ is a feature of the 'Abu Dhabi Vision 2030' and will play a major role in the emirate's industrial and economic diversification by serving as a key hub for large scale industrial investments, according to ADPC.