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Oil Bunkering Project in UAE

Project is located:

Saudi Arabia

The main industry:

Real estate and construction

Related industries:

Investment amount:

40 million USD

Types of investments:

Private equity investment

The detailed information:

Fujairah is the world’s 2nd largest bunkering facility and is envisaged to become the trading hub of the Middle East for oil and oil products. Fujairah is gradually becoming a trading hub for Oil and Petroleum products with increasing demand from Saudi Arabia, Iraq, Iran, Yemen and India. Fujairah port expects 75% increase in petroleum tank storage by 2020. Total storage capacity expected to increase to 8.67 million cubic metres (cbm) by the end of the 2015 from the current 6.72 million cbm. Currently, Fujairah is seeking investors to extend its port coastline by 500m into the sea to make room for new oil projects, that would add 2.5 mln sq.m. to Emirate’s land mass.