Kingdom of Bahrain and APM Terminals sign Letter of Intent to deepen collaboration at Khalifa Bin Salman Port
BAHRAIN : APM Terminals is honored to sign the Letter of Intent (LOI) this week with the Ministry of Transportation and Telecommunications to deepen the company’s collaboration with Bahrain. The aims of the letter are to more than double the terminal’s throughput by 2030, expand trade flows with Saudi Arabia, and advise on and invest in new growth segments that support Bahrain’s Economic Vision 2030 and beyond.
Commenting on this, His Excellency Dr. Shaikh Abdulla bin Ahmed Al Khalifa, Minister of Transportation and Telecommunications said “This signing is a significant step in further strengthening Bahrain’s economy in line with Bahrain’s Economic Vision 2030. By utilizing Bahrain’s strategic location — particularly its direct links to Saudi Arabia and the Arabian Gulf states — Bahrain is well positioned as a major regional center for trade distribution. The Ministry will provide its full support to APM Terminals in achieving its objectives and showcasing the potential that Bahrain has to offer.”
Chief Executive Officer, Asia and Middle East of APM Terminals Jon Goldner states: “This event marks an important next step for our collaboration and how we can leverage our unique capabilities from both APM Terminals and A. P. Moller – Maersk. As an example of our plans under the LOI, to support economic growth and sustainability, and building on its 100 year history in the Kingdom, A. P. Moller – Maersk recently signed an MOU to create a responsible ship recycling ecosystem. The recycled steel will then be re-exported via the port creating additional value to the economy.”
Managing Director of APM Terminals in Bahrain, Matthew Luckhurst states: “APM Terminals is committed to net zero operations by 2040, with Khalifa Bin Salman Port leading the way. Our collaboration with the Government of Bahrain, particularly through a 11.5 megawatt solar power project will enable us to meet 100% of our terminal’s energy needs the first port in the region to achieve such a milestone.
These initiatives will be supported by APM Terminals’ commitment to upskilling local talent and creating high-quality, future-proof employment opportunities. Our efforts have a proven track record of generating direct and indirect jobs, in the communities we serve.”
APM Terminals Bahrain supports more than 500 direct jobs and facilitates employee training to international standards and collaborates with local academic institutions to introduce special programs for the next generation.