Karachi Gateway Terminal Multipurpose (Private) Limited Explained

Karachi Gateway Terminal Multipurpose (Private) Limited
Native Name Lang:English
Type:Private
Industry:
  • Ports
  • Maritime
  • Logistics
Founded:2023-10-18
Hq Location:Berth 11-17 East Wharf, Karachi Port
Hq Location City:Karachi
Hq Location Country:Pakistan
Key People:Khurram Aziz Khan, CEO
Services:Bulk and General Cargo Terminal Operations
Parent:AD Ports Group (UAE)

Karachi Gateway Terminal Multipurpose (Private) Limited (KGTML) operates a bulk and general cargo terminal on the East Wharf of Pakistan's Karachi Port.[1] [2] [3] Karachi Port is Pakistan's most important port of international trade. Over 90% of imports and exports of Pakistan take place through Karachi Port.

Background

Pakistan and United Arab Emirates signed an inter-governmental contract for economic cooperation in 2023. Under this contract the Karachi Port Trust has granted two concessions to a UAE public sector entity AD Ports Group to invest in, develop, and operate port terminals at the Karachi Port.[4] [5] [6] [7] AD Ports Group has established two separate joint venture companies with Kaheel Terminals of UAE to operate the two concessions namely Karachi Gateway Terminal (KGTL) and Karachi Gateway Terminal Multipurpose (KGTML). [8] [9]

Karachi Gateway Terminal Multipurpose (Private) Limited

KGTML operates a bulk and general cargo terminal on berths 11–17 on the East Wharf of Karachi Port under a 25-year concession.[10] [11] The general cargo operations handles steel, paper, and clinker, while the clean bulk terminal handles grains and fertilizers. KGTML operates along 1,500 meters of quay wall for general cargo and bulk operations.[12]

KGTML aims to enhance efficiency and capacity of the multipurpose terminal by 75%, enabling the terminal to handle up to 14 million tons per annum compared to its current 8 million tons per annum.[13] [14] KGTML is investing $75 million in the project within the first two years and a further investment of $100 million in five years timeframe.[15] [16] [17]

Karachi Gateway Terminal (Private) Limited

KGTL operates a container terminal on berths 6-10 on the East Wharf of Karachi Port under a 50-year concession.[18] KGTL paid $50 million to Karachi Port Trust on April 22 2024 as upfront payment.[19] [20] [21] Of this upfront payment $25 million are for concession fee and the remaining $25 million are advance payment for use of the port for KGTL's container terminal operations.

Mr. Khurram Aziz Khan is the current CEO of both KGTL and KGTML.[22]

Milestones for Karachi Port

Karachi Port is the most important deep sea water port of Pakistan.

KGTML set a new record with the offloading of 20,300 metric tons of rock phosphate within 24 hours on June 14 2024 at the Karachi Port.[23]

Notes and References

  1. Web site: East . Forbes Middle . AD Ports, Karachi Port Sign 25-Year Terminal Agreement . 2024-03-29 . Forbes ME . en-US.
  2. Web site: 2024-02-03 . AD Ports Group signs 25-year deal with Karachi Port Trust to develop, operate and manage terminals . 2024-03-29 . gulfnews.com . en.
  3. Web site: Pakistan, UAE sign MoU for outsourcing operations of KPT cargo terminal . 2024-03-29 . www.radio.gov.pk . en.
  4. Web site: Abbasi . Zaheer . 2023-07-20 . Development of bulk, general cargo terminal at East Wharf: Body to negotiate draft framework deal with UAE . 2024-04-02 . Brecorder . en.
  5. Web site: 2023-08-15 . Karachi Port to outsource bulk, general cargo terminal operations to UAE entity . 2024-04-02 . en-US.
  6. News: Dey . Mrinmay . 2023-07-24 . Pakistan, UAE to sign cargo terminal development agreement at Karachi -Pakistan finance ministry . 2024-04-02 . Reuters.
  7. Web site: Kiani . Khaleeq . 2023-07-20 . UAE firm to take over KPT's cargo terminal too . 2024-04-02 . DAWN.COM . en.
  8. Web site: 2024-02-05 . AD Ports Group, Karachi Port Trust sign 25-year concession deal . 2024-03-29 . Arab News . en.
  9. Web site: Muzoriwa . Kudakwashe . 2024-02-05 . AD Ports signs 25-year concession deal with Karachi Port . 2024-03-29 . en-US.
  10. Web site: parag . 2024-02-05 . AD Ports to invest $150m to upgrade Karachi cargo port . 2024-03-29 . AGBI . en-US.
  11. News: 2024-03-04 . Karachi Port – Gateway to Maritime Trade for Central Asian Republics . 2024-04-02 . ProPakistani.
  12. Web site: 2024-02-04 . AD Ports Group, Karachi Port Trust extend collaboration with 25-year concession deal . 2024-04-02 . Arab News . en.
  13. Web site: 2024-02-04 . AD Ports Group, Karachi Port Trust extend collaboration with 25-year concession deal . 2024-04-02 . Arab News . en.
  14. Web site: Sarfraz . Sohail . 2024-04-04 . Multipurpose terminal: KGTL aims to invest $75m . 2024-04-09 . Brecorder . en.
  15. Web site: Ali . Kalbe . 2024-04-07 . Seven wheat vessels berthed at Karachi Port . 2024-04-13 . DAWN.COM . en.
  16. Web site: AD Ports Group and Karachi Port Trust Extend Cooperation through 25-Year Concession Agreement for Bulk and General Cargo Terminal at Karachi Port . 2024-03-29 . adportsgroup.com . en.
  17. Web site: Rahman . Fareed . 2024-03-22 . AD Ports buys majority stake in key Georgian dry port . 2024-03-29 . The National . en.
  18. Web site: East . Forbes Middle . UAE's AD Ports, Pakistan's Karachi Port Trust Sign 50-Year Concession Deal . 2024-03-29 . Forbes ME . en-US.
  19. Web site: Report . Recorder . 2024-04-23 . Outsourcing of KPT terminals’ operations: UAE’s AD Ports makes upfront fee payment . 2024-05-25 . Brecorder . en.
  20. Web site: Agencies . 2024-04-23 . Karachi Port receives $50mn upfront payment from AD Ports Group . 2024-05-25 . Profit by Pakistan Today . en-US.
  21. Web site: Report . Recorder . 2024-04-24 . KGTL groundbreaking ceremony: UAE CG promises to bring in more investment . 2024-05-25 . Brecorder . en.
  22. Web site: 2023-11-01 . 13th Annual Port, Shipping and Logistics Management Summit held . 2024-03-29 . Pakistan Observer . en-US.
  23. Web site: KGTL sets new offloading benchmark . 2024-07-05 . www.thenews.com.pk . en.

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