Business & Finance Club - Abu Dhabi : Abu Dhabi Ports Co. awarded KhalifaPort $390m contract to Hyundai to build a containers terminal in Khalifa industrial zone in Al Taweelah.

The contract involves building port operations facility buildings and establishing a system to transport and building up facilities like electricity cables, sub-stations and water lines. The contract is expected to end in 2012.

This contract is considered the third of its kind to be awarded during the past two months. The first phase of port capacity will reach 2 million container and six million tons of cargos this year. After the fourth phase, the port capacity will reach 22 million container and 35 million tons of cargos by 2018.