Gulftainer Invests in Delaware and It’s a Pretty Big Deal
Tags: Global Logistics, Logistics, Supply Chain
A new port deal represents the largest operation ever run by a United Arab Emirates (UAE) company in the United States, as well as the largest U.S. investment by a private UAE company.
Gulftainer, the world’s largest privately owned independent port operator and logistics company based in the UAE, finalized a 50-year concession agreement with the state of Delaware to operate and develop the Port of Wilmington, significantly expanding its global footprint and reach.
The agreement, signed by Gulftainer subsidiary GT USA, will provide an expected investment of up to $600 million to upgrade and expand the port terminal and to turn it into one of the largest facilities of its kind on the Eastern Seaboard.