AD Ports Group, one of the leading facilitators of global trade, logistics, and industry, has signed a 50-year agreement with UAE-based Oylz Terminals to establish a world-class clean petroleum storage facility at Khalifa Port.
The project will be developed in two phases, featuring a state-of-the-art 600,000 cbm tank storage facility within the Khalifa Port Logistics Hub.
The first phase is set to commence operations by mid-2027, further strengthening the port’s role as a key energy storage and trading hub.
Saif Al Mazrouei, Chief Executive Officer, Ports Cluster – AD Ports Group, stated: “We are delighted to welcome Oylz Terminals to Khalifa Port. This 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. We look forward to a long and prosperous partnership with Oylz Terminals.”
Dr. Khalid Omar Mohamed Hamad Almidfa, Chairman – Oylz Terminals, commented: “This milestone project reflects our 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. We thank everyone whose support made this collaboration possible, and we look forward to unlocking even greater opportunities together.”
The facility will support the UAE’s role as a key commodity distribution hub, boosting economic growth, creating jobs, and enhancing trade activities.
