Abu Dhabi Ports has signed a strategic agreement with Saudi Arabia based Arabian Chemical Terminals (ACT) to build the first greenfield commercial bulk liquid storage terminal in the United Arab Emirates (UAE), according to a statement published by the company.
According to the agreement, the terminal will developed on a 50,000 square meter land plot adjacent to a 16 meter deep-water quay access, with the option of an additional 150,000 square meters of land.
Implemented on two phases, the project will benefit the existing customers as well as attract new customers in the region who are seeking liquid bulk storage. In addition, both new and existing customers will be able to take advantage of Khalifa Port’s strategic location combined with its improved maritime, logistics, and industrial capabilities
The Managing Director of Arabian Chemical Terminals Ltd and Deputy Managing Director of Reza Investment Company Ltd, Rakan Alireza, said that “We are excited to be spearheading the development of our first commercial tank farm in the UAE, here in Abu Dhabi, as we previously pioneered in KSA”.
For his part, Group CEO of Abu Dhabi Ports Captain Mohamed Juma Al Shamisi, said that “providing technology-rich, end-to-end logistics solutions for customers of all sizes and industries is at the core of Abu Dhabi Ports’ diversification strategy.”