Dubai & Aden Port Development Company (DAPDC) is a joint venture company between DP World Yemen and Yemen Gulf of Aden Ports corporation. It currently operates Aden Container Terminal and Al Ma’alla Container Terminal. The agreement includes the lease of both Aden Container Terminal and of nearby Ma’alla Container terminal, to develop the ports including building a new 400 metre berth extension to Aden Container Terminal within five years from handover. The joint venture plans to further expand capacity as dictated by market. Work on the infrastructure development of Aden Container Terminal has started and the operating company has commissioned state-of-the-arts equipment for the terminal in oreder to increase the terminal’s capacity and efficiency.
The agreement stipulates $220 million (Dh808.1m) of investment over five years.of investment to develop the port.
DP World owns a 33.4 per cent stake in Dubai & Aden Port Development, according to regulatory filings.
The contract aim to develop, finance and operate Aden Container Terminal and Al Ma’alla Container Terminal in Aden Port. To develop the port through obtaining, installing and operating the equipment of necessity for facilitating the container handling process and operating the equipment of necessity for facilitating the container handling process and operating all the quays.
Construction of the 400 meter long and 17 meter deep quay is in course of planning .
Early this year, Yemeni transport Minister, Waed Abdullah Bathib told Reuters the company had missed a target of raising container capacity to 900,000 20-foot equivalent container units by the end of 2011, and had failed to build and provide infrastructure as specified in the 2008 agreement.