The 400,000sqft quayside advanced chemical distribution terminal is scheduled for completion by Q3-2023
DP World, UAE Region and Petrochem Middle East, the leading chemical distributor in the Middle East and Africa, have signed a 30-year lease agreement that expands its business in the region. Petrochem Middle East will invest between US$ 80mn to US$ 90mn in developing a chemical terminal on Quay 7, adjacent to the dedicated chemical handling berth within Jebel Ali Port.
The agreement was signed by Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World and Yogesh Mehta, CEO, Petrochem Middle East, in the presence of Abdulla Bin Damithan, CEO & Managing Director, DP World-UAE Region and Jafza.
“Our partnership with Petrochem Middle East and our long-standing relationship with the company is further proof of the burgeoning sector. The petrochemical industry is a priority sector for the country and the region,” remarked Bin Damithan.
The facility is expected to be completed by the third quarter of 2023 and will provide chemical raw materials in large volumes to traditional and new industries coming in the UAE. In its peak capacity, the terminal will have a capacity of approximately 40,000cbm for storage of various products and will also be fitted with distillation and processing units.
“Our existing advanced Jebel Ali terminal has helped us strengthen the portfolios of our clients, while helping us offer prompt logistics services and specially blended quality products,” stated Mehta.
