Text size:

  • Small
  • Normal
  • Large

Trading engine that will power the Gulf

The inauguration of Khalifa Port is a major milestone in the economic development not only of Abu Dhabi, which conceived the project and financed its development, but of the whole UAE.

The inauguration of Khalifa Port is a major milestone in the economic development not only of Abu Dhabi, which conceived the project and financed its development, but of the whole UAE.

The new facility is fully in line with the diversification strategy outlined in the capital's 2030 strategy plan. It will be a major step away from the hydrocarbon extraction business towards manufacturing industry, and a further stage in the economic modernisation of the emirate.

It will encourage commerce into Abu Dhabi with new ultra-efficient quayside facilities, while freeing up valuable capacity closer to the city for leisure and tourism. As urban planning, it makes perfect sense.

But Khalifa Port should not be regarded simply as a project for the capital.

When the full master plan is realised with the completion of the adjoining industrial zone (Kizad), it will represent a shift in economic and industrial gravity towards the region between Dubai and the capital, drawing the two centres closer together.

They are already being pulled that way anyway, with the growth of Jebel Ali port and the new Dubai World Central airport.

Link in the final phase of the Etihad Rail project, and the UAE will have industrial and economic critical mass to rival any of the big trading conurbations in the world, such as Shanghai, Rotterdam and New York.

Far from competing with Jebel Ali, just 40 kilometres away, the new facility will complement the existing set-up, adding sophisticated commercial and manufacturing opportunities to the bulk and re-export goods that currently go through Jebel Ali.

In the combined mega-development the UAE will have the biggest and most modern industrial and trading hub in the Middle East, a trading engine to drive the capital-rich Arabian Gulf.

To those who suggest that the UAE is overdoing it with grand projects and ambitions, you must ask: is it ever possible to have too much state-of-the-art infrastructure?


Back to the top

More articles

Editor's Picks

 The Greens, villas: Q1 no change. 3BR - Dh210-250,000. 4BR - Dh210-260,000. 5BR - Dh220-300,000. Q1 2013-Q1 2014 5% rise. Pawan Singh / The National

In pictures: Where Dubai rents have risen and fallen, Q1 2014

Find out how rental prices in the prime locations in Dubai have altered during the first three months of the year and the current rates you will pay according to data provided by Asteco.

 Above, the private pool of Ocean Heights' five-bedroom penthouse flat. Courtesy Christie’s International Real Estate

In pictures: Penthouse flat is height of Dubai luxury living

A five-bedroom penthouse in Ocean Heights in Dubai Marina is on sale for Dh25 million and comes with a private pool and an unparalleled view of Dubai.

 The cooling towers of the Temelin nuclear power plant near the Tyn nad Vltavou in Czech Republic. The country wants to continue expanding nuclear energy capacity despite cancelling a tender to build two new units. David W Cerny / Reuters

In pictures: Best business images for the week to April 17, 2014

Here are some of the best business images for the week to April 17, 2014.

 Three generations of the Hakimi family tend to their stall Crawford Market in Mumbai. Subhash Sharma for The National

In pictures: Shopper’s delight at Crawford Market in Mumbai

Crawford Market is an old British-style covered market dealing in just about every kind of fresh food and domestic animal imaginable. Later on renamed Mahatma Jotirao Phule, the market remains popular among locals and visitors by its old name, taken from Arthur Crawford who was the first municipal commissioner of the city.

 The Wind, Energy, Technology and Environment Exhibition takes place from April 14 to April 16. Above, the Dewa showroom during last year’s Wetex. Jaime Puebla / The National

April corporate and economic calendar for the UAE and overseas

From Cityscape to Wetex to stock-market holidays to nations reporting first-quarter GDP figures, here is our helpful calendar of April's business events in the UAE and internationally.

 Get the latest information on credit cards, bank accounts and loan products in the UAE. Mark Lennihan / AP Photo

Rates report: Latest on UAE loans, accounts and credit cards

Souqamal.com brings you the latest interest rates on banking products in the UAE.


To add your event to The National listings, click here

Get the most from The National