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Abu Dhabi Ports, Saudi ACT ink deal for commercial bulk liquid terminal

Abu Dhabi Ports, Saudi ACT ink deal for commercial bulk liquid terminal
The agreement marks the first investment by ACT in the UAE

Abu Dhabi – Mubasher: Abu Dhabi Ports has signed an agreement with the Arabian Chemical Terminals (ACT) to set up Abu Dhabi's first commercial bulk liquid storage terminal at Khalifa Port, according to the Emirates News Agency (WAM).

The agreement is the first investment of the Saudi Arabia-based ACT in the UAE to offer world-class logistics and industrial services.

To be built on a 50,000 square metre land, the project is set to be completed by ACT over two phases with the first one, which will contain 44 storage tanks sized 1,250 and 3,000 tonnes each, to start in the second half (H2) of 2022.

Commenting on the agreement, the Group CEO of Abu Dhabi Ports, Mohamed Juma Al Shamisi, said: "Located between Abu Dhabi, Ruwais, and Dubai industries, the new liquid terminal will not only prosper as a result of its strategic location, but will be further bolstered by Khalifa Port’s multi-modal connectivity with access to the sea and UAE’s extensive road and future GCC railway network."