Abu Dhabi Ports Company PjscADX: ADPORTS

AD Ports Signs Agreements With Nimex Terminals To Establish LNG And LPG Terminal Hubs

· Issued by Abu Dhabi Ports Company PJSC

ABU DHABI PORTS COMPANY ADX:ADPORTS:

  • SIGNS LANDMARK AGREEMENTS WITH NIMEX TERMINALS

  • DEAL VALUED AT OVER AED 30 BILLION

  • AGREEMENTS INCLUDE THE DEVELOPMENT OF THE UAE’S FIRST PRIVATE-SECTOR LNG AND LPG TERMINAL HUBS

  • TWO FACILITIES WILL BE DEVELOPED IN PHASES OVER A 5-YEAR PERIOD

  • UNDER AGREEMENTS, AD PORTS COMMITTED TO INVEST UP TO AED 1.3 BILLION TO DEVELOP THE REQUIRED INFRASTRUCTURE (PRIMARILY DREDGING AND DEVELOPMENT OF JETTIES)

  • NIMEX TERMINALS WILL INVEST UP TO AED 2.6 BILLION IN ADVANCED LNG AND LPG STORAGE TANKS AND OTHER SUPERSTRUCTURE CONSTRUCTION