UAE's Gulftainer becomes first Arab firm to operate a US port facility

UAE-based ports and logistics company Gulftainer has opened a new cargo terminal at Port Canaveral in Florida, becoming the first ever Arab company to be allowed to operate a port facility in USA.

The official opening of the Canaveral Cargo Terminal comes one year after Canaveral Port Authority signed a 35-year operations agreement with GT USA, the US arm of Gulftainer which is headquartered at the port authority’s offices.

The agreement will facilitate a $100 million in infrastructure and equipment at the port, creating 2,000 jobs and contributing $630 million to the local economy, the two companies said.

They added the terminal begins operations with a cargo capacity of 200,000 twenty-foot equivalent units (TEUs), and there are plans to triple capacity to 750,000 TEUs as the terminal supports an increase in container shipping to the central Florida market and beyond.

Original article by Sarah Townsend

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UAE’s Gulftainer becomes first Arab firm to operate a US port facility