AD Ports, Advario eye clean energy storage JV
The proposed joint venture, which would be 51% owned by AD Ports Group and 49% by Advario, has the potential to unlock significant growth opportunities in the fields of clean energy alternatives and bulk chemicals storage by leveraging the partners' complementary strengths, expertise, and market access, said a statement.
AD Ports Group would work closely with Advario's UAE partner, Star Energy, to explore the collaboration.
If a joint venture is created, Advario would build bulk storage tanks at Khalifa Port and supporting pipeline infrastructure to the Group's clients in KEZAD, the Middle East's largest integrated industrial zone network.
By leveraging KEZAD's industrial base and fully integrated infrastructure, a collaboration will not only enhance AD Ports Group's existing liquid bulk capabilities, but create a launchpad for future investments in clean energy infrastructure, including hydrogen carriers such as ammonia, methanol, and other emerging fuels.
Captain Mohamed Juma Al Shamisi, Managing Director & Group CEO, AD Ports Group, said: 'We look forward to exploring this joint venture, which has the potential to build on our Group's growing investment in sustainable infrastructure, in line with the vision of our wise leadership in the UAE to position Abu Dhabi as a global hub for multi-fuel bunkering and sustainable energy solutions. We look forward to exploring with Advario the possibility of leveraging to our combined capabilities to drive sustainability, operational excellence and deliver long-term value to our stakeholders.'
Bas Verkooijen, Chief Executive Officer of Advario, said: 'We are excited to take this important step toward creating a joint venture with AD Ports Group. This partnership supports our long-term vision to develop world-class infrastructure for the energy systems of tomorrow. By joining forces in the UAE, we are reinforcing our ambition to be a strategic partner in the region's transition toward greener and more resilient supply chains, building on our existing presence in the Middle East.'
A joint venture would also assess opportunities to expand internationally, supporting projects across EMEA and beyond. In addition to liquid bulk storage, the cooperation will target clean energy carriers and critical infrastructure assets, such as pipelines, jetties, and integrated storage solutions. This focus supports AD Ports Group's broader strategy to strengthen Abu Dhabi's position as a key player in the global energy transition, it said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Trade Arabia
2 days ago
- Trade Arabia
AMEA Power joins Phase II of $291m Morocco desalination project
Dubai-based AMEA Power has announced its entry into the second phase of the Agadir desalination project in Morocco. The facility will be powered by its 150MW wind project in Laayoune, which is being co-developed with Cox. One of the fastest growing renewable energy companies in the region, AMEA Power boasts a clean energy pipeline of over 6GW across 20 countries. The first phase of the project was developed by Cox, a global leader in water and energy management, while the second phase will be delivered through a joint venture, with AMEA Power joining the project and supplying renewable energy through its co-developed wind farm. Once operational, it will become the company's first water desalination plant in Africa, said the company in a statement. This project is the first to be executed under the strategic joint venture agreement signed in May between AMEA Power and Cox. It reflects the shared ambition of both companies to deliver integrated infrastructure projects where access to water and energy are deeply interconnected. Upon completion of the expansion, the Agadir desalination plant will reach a total capacity of 400,000 cu m/day, making it one of the largest desalination facilities in Africa. The total investment for the second phase of the desalination project and the associated wind power facility is expected to exceed €250 million ($291 million). The desalination expansion is expected to be operational between 2026 and 2027, with the wind farm coming online in 2027. AMEA Chairman Power Hussain Al Nowais said: "Our entry into the second phase of the Agadir desalination project in Morocco, under the Water Alliance Ventures platform, reflects AMEA Power's ambition to address both water and energy challenges through integrated solutions." "This project is not only our first entry into the water sector in Africa – it is also a powerful example of what long-term partnerships can achieve for sustainable development across the region," noted Al Nowais. The project also reaffirms AMEA Power's commitment to Morocco, a core market in the company's long-term strategy. With several clean energy projects already under development, he added.-TradeArabia News Service
Gulf Insider
20-07-2025
- Gulf Insider
UAE's Air Arabia To Co-Launch Saudi Low-Cost Airline Flying 81 Routes From Dammam Hub
Saudi Arabia is launching a new national low-cost airline, with operations based out of King Fahd International Airport in Dammam, as part of a broader push to transform the Kingdom into a regional aviation hub. The General Authority of Civil Aviation (GACA) announced that a consortium led by UAE-based Air Arabia, Kun Investment Holding and Nesma Holding, has won the bid to operate the new carrier. The airline will begin operations with a fleet of 45 aircraft, covering 24 domestic and 57 international destinations, and aims to serve 10 million passengers annually. This expansion is part of Saudi Arabia's National Transport and Logistics Strategy, a key component of Vision 2030, which seeks to diversify the economy and enhance the Kingdom's competitiveness in transport, logistics, and tourism. According to GACA, the new low-cost airline will enhance air connectivity to and from the Eastern Province, improve operational efficiency, and boost seat availability at King Fahd International Airport. The airline is also expected to create more than 2,400 direct jobs and raise service quality across Saudi Arabia's growing aviation market. Air Arabia's inclusion in the consortium reflects its expanding regional footprint and aligns with its strategy of entering high-growth partnerships to serve underserved routes. This latest venture positions the Dammam airport as a growing hub for affordable air travel and supports the Kingdom's goal of moving 100 million passengers annually by the end of the decade.
Daily Tribune
14-07-2025
- Daily Tribune
Syria signs $800 mn port deal with UAE-based company
Syria signed an $800 million deal with UAE-based company DP World yesterday to develop the port of Tartus, state media reported, as the new authorities continue their efforts to support post-war reconstruction. Following the toppling of longtime Syrian ruler Bashar al-Assad in December, the new Islamist authorities have worked to reconnect the country to global companies and kickstart reconstruction after 14 years of civil war. 'In the presence of President Ahmed Al-Sharaa, an agreement was signed between the General Authority for Land and Sea Ports and DP World, valued at $800 million, as a strategic step aimed at enhancing port infrastructure and logistics services in Syria,' state-run news agency SANA said. Following the signing of the deal, DP World CEO Sultan Bin Sulayem said Syria's economy had 'significant assets, including the Port of Tartus, which represents an opportunity to transport and export many Syrian industries.' In a statement also shared by state media, he pledged to make Tartus 'one of the best ports in the world.' DP World operates dozens of marine and inland ports and terminals globally, particularly in Asia, Africa, and Europe. The Syrian civil war devastated the country's infrastructure, and the new authorities hope to use the lifting of Western sanctions to attract investments and fuel reconstruction efforts. Qutaiba Badawi, head of the General Authority for Land and Sea Ports, said the parties were 'not merely signing a technical agreement, but we are laying the foundation for a new phase of field and maritime work in Syria, repositioning ourselves on the regional and international economic map.' In May, Damascus signed a 30-year contract with French shipping giant CMA CGM to develop and run the port of Latakia. That same month, Syria signed a $7 billion energy deal with a consortium of Qatari, Turkish, and US companies as part of efforts to revive its crippled power sector.
