Abu Dhabi Ports Group signs 50-year land lease agreement at Khalifa Port with Emirates Food Industries Group
ABU DHABI (ALETIHAD)Abu Dhabi Ports Group (ADX: ADPORTS), a global enabler of integrated trade, transport and logistics solutions, has signed a 50-year land lease agreement with Emirates Food Industries, a member of the National Holding Group.This strategic collaboration will initially see the development of state-of-the-art silos at Khalifa Port's South Quay, further enhancing the port's capabilities, reinforcing its position as a premier logistics and trade hub in the region, and strengthening the country's food security by increasing storage capacity for strategic food commodities.Later stages of the project also anticipate the related launch of an advanced grain processing plant, ultimately seeing a fully integrated industrial complex featuring cutting-edge facilities for processing and storing various types of grains, valued at Dh2 billion.Saif Al Mazrouei, Chief Executive Officer, Ports Cluster-AD Ports Group, commented on the agreement: 'This 50-year agreement with Emirates Food Industries Group marks a significant step in our ongoing commitment to support the UAE's food security ambitions. By providing access to our advanced infrastructure and integrated logistics solutions, we are creating a robust platform that will enhance the efficiency and resilience of the nation's food supply chain.'Joseph Abdo, Chief Executive Officer, Emirates Food Industries Group said: 'This project represents a transformative step in significantly enhancing and advancing our industrial and operational capabilities in the food sector. Our long-term collaboration with AD Ports Group is a strategic imperative, which will contribute directly to the UAE's food security objectives. The access to Khalifa Port's world-class facilities will enable us to optimise our supply chain, expand our storage capacity, and ensure a consistent flow of essential food products to meet the growing regional demand.'The initiative aims to establish a modern and sustainable complex, with advanced capabilities for grain storage and processing supported by the latest state-of-the-art industrial and operational technologies.The collaboration highlights the commitment of both parties to align with the UAE's resilient vision to ensure strategic grain reserves and sustainable national food supply chains. With a robust and stable infrastructure, the complex will enable agile responses to shifting market demands and supply chain dynamics.
The 100,000 square-metre facility is planned to have a storage capacity of approximately 150,000 metric tons. The leased plot is strategically located within Khalifa Port, to provide direct access to deep-water berths which can accommodate full load panamax.
Source: Aletihad - Abu Dhabi
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AD Ports Group has signed a 50-year land lease agreement with Emirates Food Industries, a member of the National Holding Group. This strategic collaboration will initially see the development of state-of-the-art silos at Khalifa Port's South Quay, further enhancing the port's capabilities, reinforcing its position as a premier logistics and trade hub in the region, and strengthening the country's food security by increasing storage capacity for strategic food commodities. Later stages of the project also anticipate the related launch of an advanced grain processing plant, ultimately seeing a fully integrated industrial complex featuring cutting-edge facilities for processing and storing various types of grains, valued at Dhs2 billion. Saif Al Mazrouei, Chief Executive Officer, Ports Cluster-AD Ports Group, commented on the agreement, 'This 50-year agreement with Emirates Food Industries Group marks a significant step in our ongoing commitment to support the UAE's food security ambitions. By providing access to our advanced infrastructure and integrated logistics solutions, we are creating a robust platform that will enhance the efficiency and resilience of the nation's food supply chain.' Joseph Abdo, Chief Executive Officer, Emirates Food Industries Group said, 'This project represents a transformative step in significantly enhancing and advancing our industrial and operational capabilities in the food sector. Our long-term collaboration with AD Ports Group is a strategic imperative, which will contribute directly to the UAE's food security objectives. The access to Khalifa Port's world-class facilities will enable us to optimise our supply chain, expand our storage capacity, and ensure a consistent flow of essential food products to meet the growing regional demand.' The initiative aims to establish a modern and sustainable complex with advanced capabilities for grain storage and processing supported by the latest state-of-the-art industrial and operational technologies, this collaboration highlights the commitment of both parties to align with the UAE's resilient vision to ensure strategic grain reserves and sustainable national food supply chains. With a robust and stable infrastructure, the complex will enable agile responses to shifting market demands and supply chain dynamics. The 100,000 m2 facility is planned to have a storage capacity of approximately 150,000 Metric Tonnes. The leased plot is strategically located within Khalifa Port, to provide direct access to deep-water berths which can accommodate full load panamax. WAM
