AD Ports Group has signed a 50-year land lease agreement with Al Ain Mills, a member of Al Hazaa Investment Group.
The partnership will see the development of a grain storage and processing facility at Khalifa Port at South Quay.
The 50,000 metre-squared facility is planned to have a storage capacity of approximately 300,000 metric tonnes. It is expected to go live within two and a half years after the start of construction.
The leased plot will provide Al Ain Mills with direct access to deep-water berths. This development is expected to boost the efficiency and capacity of grain storage and handling, catering to the growing demand for high-quality grain products in the GCC and beyond.
The new facility is slated to play a crucial role in supporting the UAE’s food security initiatives and will contribute to the economic growth of the region by creating new job opportunities and fostering trade activities.
READ: AD Ports begins operations in Angolan port
Saif Al Mazrouei, Chief Executive Officer, Ports Cluster, AD Ports Group, commented on the agreement: “We are delighted to welcome Al Ain Mills to Khalifa Port. This agreement underscores the strategic importance of Khalifa Port as a vital trade hub, not only for the UAE but for the entire region.
“The state-of-the-art grain storage and processing facility 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 Al Ain Mills.”
READ: AD Ports invests in Greenfield Sarzha Grain Terminal in Kazakhstan
Jamal Al Hazzaa, Chairman of Al Hazaa Investment Group, highlighted the significance of the partnership: “This partnership embodies our vision to integrate our established expertise in the food industries with the exceptional capabilities of Abu Dhabi Ports in the logistics and supply chain sector.
“It also represents a strategic step towards bolstering food security and developing infrastructure in line with the highest global standards.”