Ras Al Khaimah: H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, today witnessed the signing of an extension agreement between RAK Ports and Hutchison Port Holdings. Under this new agreement, Hutchison will continue to provide container terminal services at Saqr Port, the largest bulk-handling port in the Middle East, until 2037.
According to Emirates News Agency, H.H. Sheikh Saud emphasized the significance of ports as essential components of Ras Al Khaimah's logistical infrastructure, serving as vital gateways for trade and economic prosperity. He noted that the ongoing development of the Emirate's ports is crucial for strengthening Ras Al Khaimah's global standing and ensuring future success and growth.
The agreement represents a shared vision for sustainable growth, increased competitiveness, and enhanced value creation for port users. Saqr Port, which boasts strong connectivity across the Arabian Gulf, has recently established direct container services with Mundra Port in India, one of the subcontinent's busiest trade gateways. Building on this momentum, the ongoing collaboration between RAK Ports and Hutchison Ports aims to unlock further connectivity across key Asian markets, reinforcing Saqr Port's role as a strategic trade enabler in the wider region.
The agreement was signed by Roy Cummins, Chief Executive Officer of RAK Ports, and Andy Tsoi, Managing Director, Middle East and Africa, of Hutchison Port Holdings. Roy Cummins commented that the extension underscores Ras Al Khaimah's commitment to enhancing its maritime and logistical capabilities, positioning the Emirate as a key gateway for regional and global trade. The agreement also reaffirms confidence in Hutchison Ports as a strategic partner and in the transformative potential of Saqr Port as a catalyst for growth.
The strengthened partnership between RAK Ports and Hutchison Port Holdings signals continued investment into the infrastructure needed to support Ras Al Khaimah's economic ambitions, driving future prosperity and regional leadership in global trade connectivity.