AD Ports Group announced the signing of a 50-year agreement with Oylz Terminals, a UAE-based oil supply and distribution provider, to develop a world-class petroleum storage facility in Khalifa Port.
The agreement will see Olyz Terminals develop a state-of-the-art 600,000 cbm tank storage facility at the Khalifa Port Logistics Hub in two phases.
The first phase of the facility is expected to commence operations in mid-2027.
Oylz Terminals at Khalifa Port
Saif Al Mazrouei, Chief Executive Officer, Ports Cluster – AD Ports Group, said the agreement underlines the strategic importance of Khalifa Port as a vital trade hub, not only for the UAE but for the entire region.
“This liquid storage terminal will enhance our port’s capabilities and attract more customers seeking world-class infrastructure and seamless access to global markets,” he said.
Dr. Khalid Omar Mohamed Hamad Almidfa, Chairman – Oylz Terminals, said the milestone project reflects the company’s commitment to developing best-in-class infrastructure that not only fortifies Abu Dhabi’s position as a global energy hub, but also paves the way for Oylz Terminals’ continued expansion.
“This agreement will lay the foundation for an efficient, sustainable, and future-ready terminal, poised to serve regional and international customers,” he said.’
The new liquid storage facility is expected to play a crucial role in supporting the UAE’s position as a major commodity distribution hub for the region and will contribute to economic growth by creating new job opportunities and fostering further trade activities.
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