Abu Dhabi Ports Signs Fujairah Port Development Deal
Port developer and operator Abu Dhabi Ports has signed an AED 500 million (USD 136.1 million) agreement to develop the Port of Fujairah.
Under the deal, the company is to develop the port infrastructure and deepen the berths to -16.5 meters as the port prepares to welcome larger vessels.
The works would also include building a 300,000 sqm yard of storage space, as well as an additional 1 kilometer quay to accommodate the expected growth in the number of ships arriving to the port.
In June 2017, Abu Dhabi Ports signed a 35-year concession deal to develop, manage and operate the Port of Fujairah. Through the establishment of Fujairah Terminals, the agreement granted Abu Dhabi Ports the exclusivity to enhance existing infrastructure in addition to managing all container, general cargo, RoRo and cruise ships in the port.
The port operator is set to launch the development of berths and yards in Fujairah in 2018, during which the port is expected to remain operational. Additional capacity and new quay cranes are scheduled to begin operations in 2021.
Fujairah is expected to handle 1 million TEUs and 700,000 tons of general cargo by 2030.