Abu Dhabi: A Memorandum of Understanding (MoU) has been signed by the Follow up Committee of the initiatives of President His Highness Shaikh Khalifa Bin Zayed Al Nahyan, and Abu Dhabi Ports, to fund the development of the Port of Fujairah on the UAE’s east coast.
Shaikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, attended the signing of the Dh500 million agreement.
It was signed by Ahmad Juma Al Za’abi, Deputy Minister of Presidential Affairs and chairman of the vommittee, and Dr Sultan Ahmad Al Jaber, UAE Minister of State and board chairman of Abu Dhabi Ports.
Under the MoU, Abu Dhabi Ports will develop the Fujairah port’s existing infrastructure through its wholly-owned Fujairah terminals. The development works include deepening the port, setting up berths and creating storage yards, to cope with the expected growth in the traffic of ships and sea shipping operations at the port.
The agreement will contribute to significant growth in the Port of Fujairah’s operations in the coming years with the objective of being able to receive vessels of all sizes, in addition to an increase in freight operations, general cargo and passenger services.
Al Za’abi said the projects being implemented under the umbrella of the President’s initiatives have contributed effectively to bringing about a unique leap in the economic and social development in the country, leading the way for sustainable growth and prosperity.
“The multipurpose port plays an important developmental role in the UAE, which made great strides in various fields, and the enhancement of Fujairah Port’s infrastructure will strengthen its stature regionally and globally,” Al Zaabi said.
Al Jaber praised the wise leadership’s keenness to support vital projects that help reinforce the comprehensive development in the UAE and build a diverse and sustainable national economy.