News

Port of Fujairah to invest AED750 million to expand, upgrade quays

The Port of Fujairah, one of the world’s key oil storage centres and the second-largest ship bunkering hub in the world, is considering several options to invest some AED750 million over the next two years to expand and upgrade its oil handling infrastructure.

This announcement was made by Khalil Ibrahim, Chief Financial Officer of the Port of Fujairah, on the sidelines of International Petroleum Week, IP WEEK, held in London.

Ibrahim stressed that the Port of Fujairah is consulting clients to understand their expansion plans, which might require the port to increase its oil handling capacity, which is currently about 700 million barrels annually.

He added that the planned expansion also aims to increase the operational efficiency of the port and improve the quality of its service, which is considered among the best in the world.

“These plans are part of the port’s long-term strategy derived from the Government of Fujairah’s directives to always be ahead of the market demand which ultimately aims to maintain the port’s status as one of the leading petroleum ports in the world,” Ibrahim added.

He also pointed out that the planned investment is part of the port’s plans to strengthen its businesses, achieve distinguished milestones, support various economic sectors, and provide job opportunities for UAE nationals from different backgrounds.

WAM/Nour Salman/Rasha Abubaker
Source
WAM
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

17 + eight =

Back to top button
Close
Close
pakistani outdoor sex blackporntrends.com sexz
مي خليفة strikeporno.com سكس عربى نيك
bangla xvideo tubesla.com babes hill.com
h-anime.tv hentai-art.net fate night hentai
ryan conner.com rulertube.mobi indian ixxx
wapsow kazatube.mobi bihari sex hd video
indianpornsexvideos goratube.mobi www sexvideo.com
sreemukhi hot dampxxx.org bf film video bf film video
sex of two girls pornosfera.mobi goan sexy girls
pakistan ki chut havazona.info xnxx mobile videos
xnxx indian house wife motherless.pro bangalore sex workers
sexy hollywood movies porngugu.mobi hot boobs x videos
خيانة زوجية سكس luksporno.net افلام سكس مترجمه عربي
gasti maza beemtube.org south indian actress x videos
قصص نيك مصريه noodporn.com تدليك الزب