Karachi Gateway Terminal Ltd (KGTL) intends to invest up to $100 million over the next five years to capitalize on increased cargo traffic stemming from disruptions related to the conflict involving Iran. Backed by Abu Dhabi Ports Group, KGTL recently completed a $60 million dredging project at Karachi Port and is currently expanding container and bulk-handling capabilities. The planned investment will focus on expanding the container terminal, increasing yard capacity, procuring larger cranes, and developing dedicated infrastructure for bulk exports, including silos and warehouses. KGTL is also considering investments in rail freight to improve connectivity between agricultural regions and the port, aiming to boost exports of commodities like corn and rice. The surge in cargo is due to Pakistan’s emerging role as a transshipment hub as shipping routes are diverted. The upgrades are expected to allow the port to handle significantly larger vessels, increasing capacity to 120,000 metric tonnes.
