Karachi Gateway Terminal Limited leased to UAE-based AD Ports Group
The UAE-based AD Ports Group has signed a 50-year concession agreement with Karachi Port Trust (KPT) to operate Karachi Gateway Terminal Limited (KGTL) and invest $220 million for infrastructure development in the first 10 years of the deal.
The development takes place at a time when cash-strapped Pakistan is looking for external financing to support its ailing economy. Under the
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