Port Canaveral Florida dig
UAE-based company signs 35-year cargo deal at Port Canaveral
By PAUL BRINKMANN
JUN 23, 2014 | 11:44 AM
A U.S. subsidiary of Middle Eastern cargo company Gulftainer has signed a 35-year, $100 million agreement to boost cargo operations with a new terminal at Port Canaveral.
John E. Walsh, CEO of the Canaveral Port Authority, signed the agreement with Badr Jafar, chairman of Gulftainer’s executive board, at a ceremony held at Port Canaveral today.
“This agreement marks a new era for Port Canaveral,” Walsh said in an statement. “With work on the widening and deepening of the Canaveral Harbor currently in progress, the new container and multi-purpose cargo terminal will further underscore our credentials as one of the most important economic engines for our region, while providing value to Central Florida shippers and distribution facilities by lowering overall costs and offering more efficient links to the supply chain.”
“The decision to grant this agreement to GT USA was made after careful consideration and due diligence. An international port operator, the company has strong competencies in port development and supply chain improvement that is an ideal fit to our port development objectives,” said Canaveral Port Authority Commission Chairman Tom Weinberg. “This is a true game-changer that will strengthen our cargo operations.”
Gulftainer operates and manages ports and logistics businesses. IntelliNews reported in 2013 that Gulftainer is owned by UAE-based Crescent Enterprises, which is also headed by Jafar.
Jafar told IntelliNews that Gulftainer is currently the seventh largest port operator in the world and has operations such as Jeddah and Jubail in Saudi Arabia; Umm Qasr in Iraq; Ust-Luga in Russia; and Recife in Brazil.
Badr Jafar
UAE-based Gulftainer signs 50-year lease for Port of Wilmington
ByMark EichmannSeptember 18, 2018
The Port of Wilmington is now in the hands of United Arab Emirates-based Gulftainer. Gov. John Carney signed an agreement with Badr Jafar, the chairman of Gulftainer’s executive board, during a ceremony at the port Tuesday afternoon. While Delaware will retain ownership of the land, Gulftainer will operate the port for the next 50 years — upgrading facilities, expanding operations and adding employees along the way.
https://whyy.org/articles/uae-based-gulftainer-signs-50-year-lease-for-port-of-wilmington/