APM Terminals Deepens Strategic Collaboration with Bahrain to Boost Economic Growth and Trade

APM Terminals Deepens Strategic Collaboration with Bahrain to Boost Economic Growth and Trade

(IN BRIEF) APM Terminals has signed a Letter of Intent (LOI) with Bahrain’s Ministry of Transportation and Telecommunications to strengthen their partnership and support the nation’s Economic Vision 2030. The collaboration aims to double terminal throughput by 2030, enhance trade with Saudi Arabia, and invest in new growth areas to support Bahrain’s future economic development.

(PRESS RELEASE) THE HAGUE, 18-Feb-2025 — /EuropaWire/ — APM Terminals has formalized a significant step forward in its partnership with Bahrain by signing a Letter of Intent (LOI) with the Ministry of Transportation and Telecommunications this week. The objectives outlined in the LOI focus on expanding the terminal’s throughput, increasing trade with Saudi Arabia, and exploring new growth opportunities that align with Bahrain’s Economic Vision 2030.

His Excellency Dr. Shaikh Abdulla bin Ahmed Al Khalifa, Minister of Transportation and Telecommunications, emphasized the importance of the agreement in advancing Bahrain’s economic future: “This partnership represents a pivotal moment for Bahrain as we work to strengthen our position as a regional trade hub. Bahrain’s strategic location—coupled with its direct connections to Saudi Arabia and other Arabian Gulf states—puts us at the forefront of trade distribution in the region. The Ministry is fully committed to supporting APM Terminals as they work to achieve their goals and unlock Bahrain’s potential.”

Jon Goldner, Chief Executive Officer of APM Terminals for Asia and the Middle East, highlighted the mutual benefits of the collaboration: “This agreement is an exciting development in our ongoing relationship with Bahrain, as we look to leverage the combined strengths of APM Terminals and A.P. Moller – Maersk. As part of our plans, we are exploring sustainable initiatives such as A.P. Moller – Maersk’s Memorandum of Understanding (MOU) to develop a responsible ship recycling ecosystem. This project will provide economic value by recycling steel and re-exporting it via the port.”

Matthew Luckhurst, Managing Director of APM Terminals in Bahrain, added: “APM Terminals is committed to achieving net-zero operations by 2040, with Khalifa Bin Salman Port leading this initiative. A significant part of this is our collaboration with the Government of Bahrain on a 11.5 megawatt solar power project, which will enable us to meet 100% of our terminal’s energy needs—making it the first port in the region to achieve this milestone.”

Beyond these sustainability efforts, APM Terminals is focused on creating economic value by investing in Bahrain’s workforce. The company is dedicated to upskilling local talent and providing high-quality employment opportunities for the future. With a proven record of creating both direct and indirect jobs, APM Terminals continues to support Bahrain’s broader economic goals.

APM Terminals Bahrain currently supports over 500 direct jobs and partners with local academic institutions to develop specialized programs aimed at nurturing the next generation of talent.

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SOURCE: APM Terminals