APM Terminals announced the signing of a Letter of Intent (LOI) with the Ministry of Transportation and Telecommunications of Bahrain.
The objectives of this agreement include more than doubling the Khalifa Bin Salman Port terminal’s throughput by 2030, enhancing trade between Bahrain and Saudi Arabia, and providing expertise and investment in new growth sectors that align with Bahrain’s Economic Vision 2030 and future goals.
Commenting on this, Dr. Shaikh Abdulla bin Ahmed Al Khalifa, Minister of Transportation and Telecommunications, stated: “This signing is a significant step in further strengthening Bahrain’s economy in line with Bahrain’s Economic Vision 2030. 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 centre for trade distribution. The Ministry will provide its full support to APM Terminals in achieving its objectives and showcasing the potential that Bahrain has to offer.”
APM Terminals Bahrain currently supports over 500 direct jobs, offers employee training to international standards, and works with local academic institutions to introduce specialized programs for the next generation.
APM Terminals CEO of Asia and Middle East Jon Goldner commented: “This event marks an important next step for our collaboration and how we can leverage our unique capabilities from both APM Terminals and A. P. Moller-Maersk. As an example of our plans under the LOI, to support economic growth and sustainability, and build 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.”
