Oscar Middle East marked a pivotal moment today as it commenced construction on its cutting-edge liquid bulk terminal at Jebel Ali Free Zone (Jafza), unveiling plans for a substantial AED 150 million investment in the project.
The terminal, set to span 45,400 m3 in capacity upon completion, is dedicated to offering specialized storage and bulk-breaking services tailored for chemicals and base oils. Envisioned in two progressive phases, Phase 1 is slated for full operational readiness within 16 months. Phase 2 will subsequently expand storage capabilities, reinforcing the facility's operational prowess.
This new infrastructure initiative responds directly to the burgeoning demand for chemical storage solutions in the region, poised to fortify Dubai's status as a pivotal global trade hub for petrochemicals. In 2023 alone, Dubai's chemical trade surged to AED 72.3 billion, with Jafza contributing significantly at AED 39.7 billion.
Abdulla Bin Damithan, CEO & Managing Director of DP World GCC, highlighted the terminal's strategic role, stating,
"The petrochemical industry is integral to the UAE's economic fabric, boosting GDP and export revenues. This new facility will drive regional growth by meeting escalating local and global demands."
Mott MacDonald, a renowned global consultancy, has been enlisted to oversee the project's engineering and management aspects, underscoring Oscar Middle East's commitment to world-class standards in design and execution.
Dr. Talal El Sayed, Chairman of Oscar Middle East, emphasized the broader economic impact, noting,
"Our investment underscores a commitment to regional growth, job creation, and enhanced trade capabilities. Located strategically in Jafza, this facility epitomizes efficiency and sustainability in chemical logistics."
The terminal's design integrates advanced sustainability features, including robust spill control and waste management systems, complemented by state-of-the-art amenities such as temperature-controlled warehousing and fire-resistant structures.
With Jafza already hosting over 840 petrochemical companies from 82 countries and supporting 7,700 jobs, the terminal is poised to elevate Dubai's stature in global petrochemical trade, ensuring sustainable growth and operational excellence in the sector.
News Source: Dubai Media Office
