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Sat, 22 Nov 2008 | 00:56 GMT

Projects Monitor 

Updated: 12Nov08
 
Khalifa Port and Industrial Zone (KPIZ)
Also Known As : Mina Zayed Port
Country : UAE
Project Value : USD 2,500,000,000 (estimated)
Sector : Infrastructure | Ports, Industrial Zones
Consultants : Han Padron Associates (Offshore) |  Arab Centre Engineering Service (Onshore)
PMC : International Bechtel Company
Profile Type :  Master Project  | Related Projects (2)
Status
Construction
Execution

Completion: 2028
 
 
Owner : Abu Dhabi Ports CompanyAbu Dhabi Ports CompanyLoading... - UAE
Location : Taweelah, Abu Dhabi
Contract Type : EPC - Engineering, Procurement, Construction
Payment Terms : Lump Sum Turnkey (LSTK)
Facility Type : Industrial zone and port
Capacity : 22 million TEU
35 million tonnes of cargo
Background Abu Dhabi government plans to develop Khalifa Port and Industrial Zone (KPIZ) at Taweelah and mandated Abu Dhabi Ports Company (ADPCADPCLoading...) to oversee the project.

The Port and the Industrial Zone will be developed separately. The Khalifa Port will be developed in 5 phases and will include a container handling terminal and piers for handling raw and bulk cargos. The Port will replace Abu Dhabi's largest existing port, Mina Zayed by 2012. The Mina Zayed port will then be redeveloped into a residential and commercial area. Khalifa Industrial Zone will be developed in 2 Areas (A and B). It will comprise of free zones, offering 100% foreign ownership to companies and individuals.

KPIZ will cater to a number of industrial clusters, including base metals, heavy machinery, transport vehicle assembly, chemicals, shipyards, building materials, processed foods and beverages, light manufacturing and assembly, small and medium enterprises, trade and logistics, information and communication technology, alternative energy and others.

On 2 June 2007, ADPCADPCLoading..., DP World and Economic Zones World (EZW) signed cooperation agreements. According to the agreements, DP World will operate the Khalifa Port and EZW will operate the Free Trade and Logistics Zone located in Taweelah, Abu Dhabi.

Bechtel is the Program Management Services (PMS) consultant. Bechtel will manage and co-ordinate the master planning, design and construction of the port and associated infrastructure.

Han Padron from the US is carrying out the master plan for the offshore work. EIA from Australia is carrying out the master plan for the onshore work. Arab Centre Engineering Service (ACES) is working on the onshore geotechnical investigations.
Current Status Construction of Khalifa Port and Khalifa Industrial Zone is in progress. The first phase of Khalifa Port is expected to be completed in 2010. In March 2011, Area A of Khalifa Industrial Zone is expected to be completed. The overall project is expected to be completed in 2028.

In March 2008, the USD 272 million earthwork contract for Area A of Khalifa Industrial Zone was awarded to Al Jaber Transport and General Contracting and Ghantoot Transport and General Contracting Establishment.

On 1 October 2007, Abu Dhabi Ports Company (ADPCADPCLoading...) awarded the Phase 1 A dredging and reclamation contract of the Khalifa Port to a consortium comprising of Archirodon Construction (Overseas) Company, Boskalis Westminster Middle East and Hyundai Engineering and Construction Company. The contract is worth approximately USD 1.5 billion.

In 2007, ADPCADPCLoading... was cooperating with Mubadala on talking to potential investors on setting up business in the port zone. The company has also invited expressions of interest from international companies to start operating in the zone.
Scope of Work Work in Khalifa Port is divided to 5 phases and includes:
- Creation of a 2.6 million sq. m. marine platform
- Dredging and Reclamation works
- Construction of a 32 km quay wall and 7.3 km breakwaters
- Construction a 4.6 km causeway

Khalifa Port will be built offshore and connected to the onshore industrial zone by a four-km bridge or causeway.

Work in Khalifa Industrial Zone is divided to 2 Areas and includes:
- Area A (50 sq. km) includes a port, a heavy industry, a medium and heavy industry and trade and logistics areas.
- Area B (95 sq. km) includes residential, commercial, retail, heavy industry, medium and light industry, high technology and trade and logistics areas.
Expected Schedule
PhaseScheduleDescription
Commissioning 2010 First operation of port expected to begin
Completion 2028 Construction of all phases expected to be completed
Financing Source In February 2008, ADPCADPCLoading... and HSBC signed a USD125 million one year revolving credit facility.

On 16 December 2007, ADPCADPCLoading... signed a USD300 million loan with National Bank of Abu Dhabi to meet initial construction costs of Khalifa Port. The deal is ADPC’s maiden debt financing and will be a revolving credit facility for a one-year period.

In June 2007, HSBC was appointed as the financial adviser and advises ADPCADPCLoading... on the financing options available including debt, equity and mezzanine structures.
Related Projects
Type Project Name Contract Value
Khalifa Port and Industrial Zone - Khalifa Industrial Zone (Area A) USD 272,000,000
Khalifa Port and Industrial Zone - Khalifa Port - Phase 1 (Dredging and Reclamation) USD 1,500,000,000

Project Schedule

PhaseScheduleDescription
Construction Oct 2007 Contract awarded to the consortium of Archirodon Construction (Overseas) Company, Boskalis Westminster Middle East and Hyundai Engineering and Construction Company for Phase 1 Dredging and Reclamation of Khalifa Port
  Feb 2008 Dredging works started
  Mar 2008 Contract awarded to Al Jaber Transport and General Contracting and Ghantoot Transport and General Contracting Establishment for Area A of Khalifa Industrial Area
Commissioning 2010 First operation of port expected to begin
Completion 2028 Construction of all phases expected to be completed

Project News

21-Jun-2008 ADPC, Borouge sign MoU to provide port services at Khalifa Port - WAM (Emirates News Agency)
30-Apr-2008 Khalifa Port : an Environmental-Friendly Project - WAM (Emirates News Agency)
26-Mar-2008 ADPC awards Dh1b deals to Al Jaber and Ghantoot - Gulf News
18-Mar-2008 Dredging and reclamation work at Khalifa Port site commences - Khaleej Times
14-Feb-2008 ADPC set to award landfill contract - Gulf News
05-Feb-2008 Abu Dhabi ports company signs credit facility with HSBC - Press Release
05-Feb-2008 Abu Dhabi Ports Co, HSBC Sign AED459M Loan For Khalifa Port - Zawya Dow Jones Newswires
17-Dec-2007 * Abu Dhabi Ports Gets AED1.1B Loan From Ntl Bk Of Abu Dhabi - Zawya Dow Jones Newswires
16-Dec-2007 Abu Dhabi Ports Gets AED1.1B Loan From Ntl Bk Of Abu Dhabi - Zawya Dow Jones Newswires
16-Dec-2007 Abu Dhabi Ports takes 1st loan for $10bn project - Emirates Business 24/7
» More News
 
Sheikh Khalifa Bin Zayed Street, PO Box 45005, Abu Dhabi, UAE
Tel: +971 2-616-0099 | Fax: +971 2-673-1870 | Email: info@dtworld.com
  • Name: Carlos Borde
    Position: Director of Strategic Planning and Commercial Development
  • Name: Ahmad Said Al Kalili
    Position: Managing Director
    Tel: +971 2-697-5146
    Fax: +971 2-697-5174
    Email randa.nohra@adpc.ae
 
Han Padron Associates
Consultant - Offshore
P.O. Box: 261557 Jebel Ali, Dubai
Tel: +971 4-8873284 | Fax: +971 4-8873287 | Website: http://www.han-padron.com
 
Arab Centre Engineering Service
Consultant - Onshore
 
PO Box 2661, Abu Dhabi, United Arab Emirates
Tel: +971 2-699-8400 | Fax: +971 2-676-0899
Key:    Master Project    Contract Package
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