A letter of intent was signed between global terminal operator APM Terminals, part of Danish A.P. Moller-Maersk, and the ministry of transportation and telecommunications of Bahrain to deepen collaboration at Khalifa Bin Salman port.
The agreement outlines a plan to more than double the terminal’s throughput by 2030, expand trade flows with Saudi Arabia, and invest in new growth sectors aligned with Bahrain’s economic vision 2030.
Dr. Shaikh Abdulla bin Ahmed Al Khalifa, minister of transportation and telecommunications, highlighted the importance of this agreement as a key step in further strengthening Bahrain’s economy.
“By utilizing Bahrain’s strategic location, particularly its direct links to Saudi Arabia and the Arabian Gulf states, Bahrain is well positioned as a major regional center for trade distribution,” he said.
From his side, Jon Goldner, CEO Asia and Middle East of APM Terminals, said: As an example of our plans under the LOI, to support economic growth and sustainability, and building on its 100-year history in the Kingdom, A. P. Moller-Maersk recently signed an MOU to create a responsible ship recycling ecosystem. The recycled steel will then be re-exported via the port creating additional value to the economy.”
Matthew Luckhurst, managing director of APM Terminals in Bahrain, added: “Our collaboration with the government of Bahrain, particularly through a 11.5 megawatt solar power project will enable us to meet 100% of our terminal’s energy needs the first port in the region to achieve such a milestone.”
