Set to develop a world-class petroleum storage terminal at Khalifa Port
AD Ports Group recently announced the signing of a 50- year agreement with Oylz Terminals, a UAE based oil supply and distribution provider to develop a world-class clean petroleum storage facility in Khalifa Port.
The agreement will see Olyz Terminals develop a state-of-the-art 600,000 cbm tank storage facility at Khalifa Port Logistics Hub in two phases, further enhancing the port’s capabilities, and reinforcing its position as a key energy storage and trading hub in the region. The first phase of the facility is expected to commence operations in mid-2027.
Enhancing port capabilities
“This liquid storage terminal will enhance our port’s capabilities and attract more customers seeking world-class infrastructure and seamless access to global markets. We look forward to a long and prosperous partnership with Oylz Terminals,” stated Saif Al Mazrouei, Chief Executive Officer, Ports Cluster-AD Ports Group.
“This agreement will lay the foundation for an efficient, sustainable, and future-ready terminal, poised to serve regional and international customers,” commented Dr. Khalid Omar Mohamed Hamad Almidfa, Chairman-Oylz Terminals.
The new liquid storage facility is expected to play a crucial role in supporting the UAE’s position as a major commodity distribution hub for the region and will contribute to economic growth by creating new job opportunities and fostering further trade activities, a press statement concluded.
