Draft:Karachi Gateway Terminal (Private) Limited

Karachi Gateway Terminal (Private) Limited (KGTL) operates berths 6-10 on the East Wharf of Karachi Port, Pakistan under a fifty-year concession. . Karachi Port is the largest and busiest deep-sea port of Pakistan and one of the largest deep-sea ports in Asia. AD Ports Group is a majority shareholder in Karachi Gateway Terminal (Private) Limited. Karachi Port is the first South-Asia addition to the global maritime trade network of AD Ports Group.

Background
The Government of the United Arab Emirates and the Government of Pakistan had signed an MoU on May 18, 2023, to enhance trade cooperation between the two countries. Under the signed MoU, both the United Arab Emirates and Pakistan would collaborate under a framework for the improvement of transportation infrastructure, efficient and cost-effective cargo logistics, and enhancement of the regional competitiveness of Karachi Port. The MoU was signed between UAE’s AD Ports Group and Pakistan’s Karachi Port Trust.

Karachi Gateway Terminal (Private) Limited
Karachi Gateway Terminal (Private) Limited - KGTL, was registered with the Securities and Exchange Commission of Pakistan on August 8, 2023. KGTL is a joint venture between AD Ports Group as the majority shareholder and Kaheel Terminals, a UAE based company. Karachi Gateway Terminal (KGTL) was formed to operate the container terminal across berths 6-10 on the East Wharf of Karachi Port under a fifty-year concession. KGTL is headquartered in the city of Karachi on the East Wharf of Karachi harbor.

Mr. Khurram Aziz Khan is the current CEO of KGTL

Development of Karachi Port
AD Ports Group will invest $220 million over the first 10 years. In this regard, an upfront payment of $50 million has been made to Karachi Port Trust. Bulk of the investment is expected to be made in 2026 for infrastructure and superstructure development.

KGTL is planning on deepening the berths to accommodate vessels with up to 15 meters draft depth. This will allow for larger and deeper draft vessels to berth. KGTL is also expanding the container storage yard for increased handling capacity of more than 1 million TEUs per annum.

KGTL is working with the Karachi Port Trust (KPT) in the assessment and development of a new turning basin that would accommodate vessels of a length-overall (LOA) of up to 350 meters.

The enhancement of ports operated by Karachi Gateway Terminal will support Karachi Port's bid to become a major player in the regional maritime industry.