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, 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.