Abu Dhabi takes over operating Port of FujairahStaff Writer | June 20, 2017
Abu Dhabi Ports has signed a 35-year concession to develop and manage the Port of Fujairah, the state-owned company said, two months after Dubai-owned DP World's contract ended.
Shipping Fujairah is strategically important
Abu Dhabi Ports' plans include deepening berths to 16.5 metres and building a 1 kilometre quay and a 300,000 square metre storage yard, it said in a statement, which did not disclose financial details.
DP World said on April 16 it had ended its agreement to expand and develop Fujairah, without giving a reason.
Fujairah is strategically important to the UAE as one of its two sea links outside the Strait of Hormuz.
It is part of a cross-country gas pipeline from Qatar, and the UAE is also planning to build an oil refinery there with a capacity of up to 400,000 barrels per day. ■