New agreement covers bulk storage facility construction at Abu Dhabi's Khalifa Port

UAE port operator the AD Ports Group has entered into a head of terms agreement with Advario, a Netherlands-based global provider of tank storage and infrastructure solutions, to explore establishing a joint venture to develop and operate liquid bulk storage projects in the UAE and globally.

The proposed joint venture will be 51 per cent owned by the AD Ports Group and 49 per cent owned by Advario. The AD Ports Group will work closely with Star Energy, Advario’s UAE partner, to explore opportunities for future collaboration.

If the joint venture is created, Advario will build bulk storage tanks at Abu Dhabi's Khalifa Port as well as supporting pipeline infrastructure to the AD Ports Group's clients in Khalifa Economic Zones Abu Dhabi, one of the largest integrated industrial zone networks in the Middle East.

In addition to constructing liquid bulk storage facilities, the cooperation will target critical infrastructure assets, such as pipelines, jetties, and integrated storage solutions.