AD Ports Group announced the signing of a concession agreement with Pakistan Port Trust (KPT). Under the terms of the 50-year concession agreement, a Joint Venture between AD Ports Group, as a majority shareholder, and Kaheel Terminals has been formed to manage, operate and develop the Pakistan Gateway Terminal Limited (KGTL), berths 6-9 at Pakistan's East Wharf. The JV will undertake significant investments in infrastructure and superstructure over the next 10 years, with the bulk of it planned for 2026.

The development works will include deepening of berths, extension of quay walls, and an increase in container storage area. As a result, the terminal will be able to handle Post Panamax class vessels of up to 8,500 TEUs (Twenty-Foot Equivalent Units) and container capacity will increase from 750,000 to 1 million TEUs per annum. This expansion and enhancement will further cement the Terminal and Pakistan's position as a key player in the maritime industry.

The Terminal's operations are all dollarised with no foreign exchange exposure to the Pakistan Rupee. Historically, the terminal has been generating revenue of around $55 million and EBIDTA or around $30 million annually. This strategic agreement follows the preceding signing of a Memorandum of Understanding, which inked both entities shared vision to drive growth, promote trade diversification, and strengthen bilateral ties between the UAE and Pakistan.