Dubai Maritime News

Building the future of petrochemical trade: Oscar Middle East’s $40m terminal in Jafza

news-details

Oscar Middle East has initiated the construction of a state-of-the-art liquid bulk terminal in Jebel Ali Free Zone, investing $40 million to enhance the region's petrochemical trade

Oscar Middle East has officially commenced the construction of a cutting-edge liquid bulk terminal at Jebel Ali Free Zone (Jafza), investing $40 million into the project. The new facility will significantly bolster the region’s petrochemical trade infrastructure, enhancing the UAE’s economy and export revenues.

The terminal will feature a capacity of 45,400 m3 and will be operational next year.

Impact on regional trade
The project will unfold in two phases and is designed to offer specialised storage and bulk-breaking services for chemicals and base oils.

Phase 1 is expected to be fully operational within 16 months, with additional storage capacity to be added in Phase 2, further enhancing the facility’s capabilities.

The terminal is set to improve the infrastructure essential for the growing chemical storage demands in the region, acting as a pivotal hub for expanding petrochemical trade between the Middle East and global markets.

In 2023, Dubai’s chemical trade was valued at $20 billion, with Jafza contributing $11 billion.

Abdulla Bin Damithan, CEO and Managing Director of DP World GCC, highlighted, “The new facility will drive regional growth by meeting the increasing demand for local and international petrochemical products.”

“As an integrated hub, Jebel Ali Port and Jafza provide exceptional connectivity and state-of-the-art facilities specifically designed for the chemical sector. Oscar Middle East will benefit from this synergy, guaranteeing efficient trade operations and comprehensive solutions for the region’s chemical trade and logistics needs.”

Jafza’s petrochemical hub
Oscar Middle East has enlisted Mott MacDonald, a globally recognised engineering, management, and development consultancy, to oversee the project’s concept design, basic engineering, detailed engineering, and Project Management Contract (PMC).

The facility’s design also incorporates extensive sustainability measures, including advanced spill control, drainage systems, and approved waste disposal protocols to ensure minimal environmental impact.

Additionally, the facility will feature a temperature-controlled warehouse and fire-rated coatings on steel structures.

Dr Talal El Sayed, Chairman of Oscar Middle East, remarked, “Jebel Ali Free Zone was a strategic choice due to its exceptional access to key markets, rigorous safety standards, and excellent amenities, especially for niche chemicals.”

“The investment marks a significant milestone in solidifying our presence in the region, allowing us to meet the growing demand of our Middle East customers more efficiently.”

Jafza is a significant hub for the petrochemical sector, hosting over 840 petrochemical companies from more than 82 countries and employing approximately 7,700 people. The state-of-the-art liquid terminal at Jebel Ali port offers quayside chemical storage facilities totalling over 235,000 m3 for various grades of chemicals, solidifying Dubai’s position as a key player in global petrochemical production.

Source: Logistics Middle East

#theshippingtribune #latestnews #shippingnews #dailynews #Maritimenews #shippingindustry