ABU DHABI PORTS
AD Ports Group creates Oil & Gas Logistics Base at Mugharraq Port for Eni Abu Dhabi Mugharraq Port’s Strategic Location Supports Offshore Drilling Operation
A
bu Dhabi (AD) Ports Group has signed a new agreement with Eni Abu Dhabi, the Abu Dhabi-based branch of the world-renowned Italian Energy Company, to establish a marine logistics base at Mugharraq Port supporting offshore drilling operations in the heart of Al Dhafra region. Mugharraq Port’s ultra-modern infrastructure and its strategic location close to the region’s offshore oil and gas facilities will be made available to Eni Abu Dhabi operations. In addition to being provided a dedicated quay wall, marshalling yard, as well as manpower and logistical
equipment, the company will also have access to liquid mud and bulk plant facilities onsite. “Utilising the industry-leading infrastructure and service capability that we have on offer at Mugharraq Port, Eni will be able to operate in proximity to its offshore drilling facilities benefiting operational efficiency,” remarked Saif Al Mazrouei, Head of Ports Cluster, AD Ports Group. “With enhanced capabilities to serve the GCC’s oil and gas market, as well as the recent recognition as an international port facility, Mugharraq Port is now well equipped to meet both the regional and global requirements
of the Middle East’s leading energy players,” commented Mubarak Al Mazrouei, Port Director, Al Dhafra Region, AD Ports Group. In recent years AD Ports Group has invested heavily in the development of the port’s logistical infrastructure and capabilities, as well as enhancing its capacity to meet the evolving needs of the region’s fast-developing offshore oil and gas segment. Boasting over 480m of heavy-lift berths, six dedicated Ro-Ro ramps, and over 85,000 sqm of yard, Mugharraq Port provides a wide range of general cargo handling, bulk, break-bulk, and logistics support services.
AD Ports Group, EDB ink deal to provide financial solutions for industrial sector
MoU aligns with EDB’s continuous efforts to enable the industrial transformation agenda
E
mirates Development Bank (EDB) recently signed an MoU with Industrial Cities and Free Zone Cluster of AD Ports Group to support the industrial sector in the emirate and the UAE. Ahmed Mohamed Al Naqbi, CEO, EDB, and Abdullah Al Hameli, Head of the Industrial Cities and Free Zone Cluster at AD Ports Group, signed the MoU, under which EDB will provide innovative financial solutions to the industry players who are part of the AD Ports Group ecosystem in KIZAD and ZonesCorp and support their growth and expansion. The financial solutions can be utilised to build new facilities, purchasing, or leasing existing facilities as well as acquiring, upgrading, and maintaining the units’ physical assets, among other things. “Our collaboration with AD Ports Group will help support the UAE’s goals to build a robust knowledge-based economy
40 FEBRUARY 2022
The EDB-Abu Dhabi Ports deal signing ceremony.
contributing to sustainable economic development,” commented Al Naqbi. The MoU aligns with EDB’s continuous efforts to enable the industrial transformation and economic diversification agenda in the UAE, build a knowledge-based economy, increase global competitiveness and sustainable growth. ‘In line with this, our partnership with EDB is aimed at broadening the support to our clients by facilitating the financing solutions to enable growth and expansion plans of industrial companies and contributing to the UAE’s ‘Operation 300bn’ Industrial strategy,” remarked Al Hameli.
