aed500 million agreement signed
Last Updated : GMT 08:51:31
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 08:51:31
Egypt Today, egypt today

For developing Port of Fujairah

AED500 million agreement signed

Egypt Today, egypt today

Egypt Today, egypt today AED500 million agreement signed

An AED500 million agreement was signed
Abu Dhabi - Egypt Today

An AED500 million agreement was signed for the development of the Port of Fujairah infrastructure today in the presence of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.

Under the agreement, which comes in line with the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and the follow-up of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Abu Dhabi Ports, which is the owner of Fujairah Terminals, will develop the port infrastructure, including deepening of berths, and establishment of quays and storage areas to accommodate the expected growth in cargo traffic.

The agreement, which is supervised by the Ministry of Presidential Affairs, was signed by Ahmed Juma Al Za'abi, Deputy Minister for Presidential Affairs and Chairman of the Follow-Up Committee of the Initiatives of the UAE President, and Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State and Chairman of Abu Dhabi Ports Company, ADPC.

Commenting on the signing, Al Zaabi said the "developments launched under the umbrella of the president's initiatives, have significantly contributed to ensuring a quantum leap in the transformational development process in the country. Our wise leadership has always been placing the UAE citizens on top of their priorities, sparing no efforts to launch key infrastructure projects that ensure social welfare and economic wellbeing in the country."

Port of Fujairah is considered one of the key multi-purpose ports in the UAE and the entire region, playing a significant role in the development drive embraced by the UAE government," he added.

Dr Al Jaber underlined the keenness of the UAE wise leadership on supporting such key projects that underpin the comprehensive developmental drive in the country and contributing to the sustainable and diversified economic model adopted by the government, pointed out that the initiatives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, which are supervised by the Ministry of Presidential Affairs, have reflected positively on all economic, social and cultural sectors in the country for the higher good of the nation and its people.

"Fujairah Port is one of the key economic, commercial and logistics hubs not only in the emirate but in the entire nation on account of its important strategic location overlooking the Pacific Ocean at the crossroads of shipping lines between East and West. The development of the port infrastructure will certainly strengthen the port's positioning in the world maritime transport map and reinforce the country's stature as a key strategic and trade destination."

Offering an important hub for activities towards the markets of the Indian sub-continent and East of Africa, Port of Fujairah is the only multi-purpose port on the Eastern seaboard of the United Arab Emirates, approximately 70 nautical miles from the Straits of Hormuz. Initial Construction of the Port started in 1978 as part of the economic development of the UAE. Full operations commenced in 1983. Since then the Port has embarked on a continuing process of enhancement to both its facilities and its comprehensive range of functions to boost its container handling potential to one million and 700,000 tonnes of cargo by 2030.

The port, which is the world’s second-largest bunkering hub, is to boost its container handling potential after ADPC recently signed a 35-year concession to develop container terminal operations there. The concession agreement with the Port of Fujairah grants ADPC exclusive rights to develop port infrastructure and manage its operations. The development of a 1,000 m quay, a 300,000 m² storage yard, and deepening of berths to a draft of 16.5 m are envisaged to increase capacity and enable the arrival of larger vessels

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

aed500 million agreement signed aed500 million agreement signed

 



Egypt Today, egypt today Modern colorful bedroom renovation

GMT 12:15 2017 Thursday ,21 December

Modern colorful bedroom renovation
Egypt Today, egypt today Paris Fashion Week: John Galliano goes co-ed on the catwalk
Egypt Today, egypt today For the Variety of Interior Design Styles

GMT 22:35 2017 Tuesday ,19 December

For the Variety of Interior Design Styles

GMT 18:26 2018 Friday ,14 December

Mashrou’ Leila headline Apple event in Dubai

GMT 08:55 2011 Friday ,03 June

Preschooler with IQ of 140 to join Mensa

GMT 13:18 2016 Tuesday ,29 March

World's nations gather

GMT 16:20 2017 Thursday ,28 December

10 hurt in Saint Petersburg supermarket bombing

GMT 10:54 2010 Tuesday ,14 September

\'Slow reading movement\' defies our constant hurry

GMT 04:52 2011 Monday ,07 March

Caramels enjoying a fashion moment

GMT 07:31 2017 Sunday ,20 August

Brief tourism impact from Spain attacks

GMT 07:01 2017 Monday ,04 December

Australia competition inquiry targets

GMT 20:58 2017 Monday ,29 May

Mai Al-Jeddawi presents décor

GMT 12:57 2017 Sunday ,24 September

Doctor provides advices to families

GMT 08:26 2017 Monday ,11 December

Actress Ghada Adel sad for Shadia’s death

GMT 12:30 2018 Friday ,14 December

Noriaki Kasai: 30 years of World Cup ski-jumping

GMT 22:22 2013 Monday ,24 June

FTSE 100 index falls 0.2%

GMT 21:13 2011 Monday ,28 November

Eman Ezz El-Din:I need to serve Egypt

GMT 11:50 2014 Sunday ,19 January

60 minute treatment menu

GMT 19:42 2014 Sunday ,26 January

Starwood inks Westin Doha Hotel & Spa in Qatar

GMT 12:26 2014 Friday ,05 September

UAE ranks first for quality of roads

GMT 05:46 2015 Tuesday ,22 September

Pear, nut & blackberry bircher

GMT 19:04 2016 Sunday ,13 November

Ham & tomato Stromboli

GMT 21:36 2011 Monday ,02 May

Be bling and flash your cocktail ring
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

All rights reserved 2019 Arabs Today Ltd.

All rights reserved 2019 Arabs Today Ltd.

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday