- MoU supports United Steel Industries logistics and import/export requirements
Abu Dhabi, United Arab Emirates: Fujairah Terminals, an operational arm wholly owned by Abu Dhabi Ports, has signed a Memorandum of Understanding (MoU) with United Steel Industries (USI), a premier manufacturer of rebars, rods and wire coils. The agreement supports the handling of the company’s import and export shipments through Port of Fujairah and means Fujairah Terminals will facilitate all required logistics support for the company.
The MoU was signed by Ahmed Al Mutawa, Chief Executive Officer of Fujairah Terminals, and Mamed Magomadov, Partner at United Steel Industries. The partnership enables United Steel Industries to benefit from the Fujairah Terminals’ strategic location and platform to efficiently access the region.
Ahmed Al Mutawa said: “Our continued collaboration with United Steel Industries stems from our commitment to consistently play a vital role in supporting the economic and social development of the Emirate’s business community. Today’s MoU portrays Fujairah Terminals’ competitive advantage and will provide United Steel Industries with increased time efficiencies and immense cost reductions. We look forward to continue solidifying our position within the UAE’s strategic expansion into markets in the Indian sub-continent and East Africa.”
On this occasion, Mamed Magomadov said: “It is privileged for us to be in relation with Fujairah Terminals for all our cargo import & export handling including logistic services. Our decision to invest in our relationship with Fujairah Terminals is motivated based on multiple business factors that will gain us a competitive advantage. By choosing to utilise the Fujairah Terminals, we will be benefiting from increased time efficiency, cost reduction and a convenient location only few kilometres from our steel plant.”
Through Fujairah Terminals, Abu Dhabi Ports is enhancing existing infra and super structure; in addition to managing all container, general cargo, RoRo and cruise ships in the port. It further extends this exclusivity throughout the emirate of Fujairah for container business. Abu Dhabi Ports is also deepening of berths to enable the port, which already serves clients and companies in the entire Gulf Region, Indian Ocean and Indian Subcontinent, to cater to larger vessels.
About Abu Dhabi Ports
Established in 2006, Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the emirate of Abu Dhabi, in addition to the Port of Fujairah, as well as the trade and logistics hub, Khalifa Industrial Zone Abu Dhabi (KIZAD), in which Khalifa Port Free Trade Zone attracts direct investments to over 100 km2 of free zone opportunities, the largest in the Middle East region.
Inaugurated on Dec 12, 2012 by President of the UAE, HH Sheikh Khalifa bin Zayed Al Nahyan, Khalifa Port is the flagship port of Abu Dhabi Ports and is considered to be the first semi-automated container port in the region. Abu Dhabi Ports also owns 50% of Abu Dhabi Terminals, which operates and manages Khalifa Port Container Terminal with a full suite of logistics solutions to benefit trade partners and shipping lines. In addition to the current capacity of 2.5 million TEUs, the recent deal Abu Dhabi Ports signed with COSCO SHIPPING Ports Limited, which is expected to commence operations by 2019, will raise the annual capacity to 6 million TEUs in both container terminals.
Abu Dhabi Ports’ subsidiaries include Abu Dhabi Marine Services “SAFEEN”, providing a comprehensive range of marine, navigational and ancillary quayside services as well as VTS Services and fleet maintenance in a safe, secure and efficient manner; Maqta Gateway, developer and operator of the first port community in the emirate; and Abu Dhabi Cruise Terminal, the first permanent cruise terminal in the region. To meet the increasing demand of cruise liners and passengers, Sir Bani Yas Cruise Beach was developed, offerings cruise ship passengers a new beach destination with unmatched tourism experiences. Additionally, Abu Dhabi Ports also manages the Maritime Training Centre at Musaffah Port.
For more information, please visit Abu Dhabi Ports
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For more information, contact:
Account Director, Brunswick Group
Mobile: +971 56 996 3427
Shady Abdel Hamid
Account Director, Brunswick Group
Mobile: +971 56 503 2072
© Press Release 2018