Abu Dhabi Ports Company today announced the award of an AED 1.208 billion (US $329 Million) contract to Hyundai Engineering and Construction Co. Ltd for its flagship Khalifa Port & Industrial Zone (KPIZ) project. The agreement includes project management, design, procurement, construction, testing and commissioning of all civil works associated with the construction of the Offshore Terminal Area consisting of a 1000m semi automated container terminal and a 1400m Break bulk / general cargo terminal intended to handle the operations of 2 million TEUs (Twenty Foot Equivalent Units) of containers and 9 million tons of general cargo as an initial capacity. Work is due to begin immediately and is scheduled for completion by the 4th quarter of 2012 to facilitate the commencement of port operations in 2012, the UAE news agency "WAM" reported.
