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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 the new agreement, Hutchison will continue to provide container terminal services at Saqr Port \u2014 the largest bulk-handling port in the Middle East \u2014 until 2037.<\/p>\n
Speaking at the signing, H.H. Sheikh Saud emphasized that ports are an essential element of Ras Al Khaimah\u2019s logistical infrastructure, serving as vital gateways for trade and economic prosperity. He highlighted that the continued development of the Emirate\u2019s ports is critical to strengthening Ras Al Khaimah\u2019s global standing and ensuring future success and growth.<\/p>\n
The agreement reflects a shared vision for sustainable growth, increased competitiveness, and enhanced value creation for port users. Saqr Port boasts strong connectivity across the Arabian Gulf and has recently established direct container services with Mundra Port in India, one of the subcontinent\u2019s 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\u2019s role as a strategic trade enabler in the wider region.<\/p>\n
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.<\/p>\n
Commenting on the extension, Roy Cummins said: \u201cThe signing of this extension agreement underscores Ras Al Khaimah\u2019s commitment to enhancing its maritime and logistical capabilities, positioning the Emirate as a key gateway for regional and global trade. The agreement also reaffirms our confidence in Hutchison Ports as a strategic partner and in the transformative potential of Saqr Port as a catalyst for growth. Together, we are building the foundations for a new era of opportunity for our customers, stakeholders, and the wider Ras Al Khaimah economy.\u201d<\/p>\n
The strengthened partnership between RAK Ports and Hutchison Port Holdings signals continued investment into the infrastructure needed to support Ras Al Khaimah\u2019s economic ambitions, driving future prosperity and regional leadership in global trade connectivity.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 the new agreement, Hutchison will continue to provide container terminal services at Saqr Port \u2014 the largest bulk-handling port in the Middle East […]<\/p>\n","protected":false},"author":3,"featured_media":12801,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2,3],"tags":[],"press_release_topic":[60],"latest_news_topic":[],"class_list":["post-12800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media-center","category-press-releases","press_release_topic-business-and-economy"],"acf":{"related_to_hh":"yes","header_desc":"","header_image":false,"hidden_photo_gallery":false,"pdf_file":false,"hi-res_image":false},"yoast_head":"\n