AD Ports signs five-year deal to operate Adnoc unit’s storage hub in Kizad – The National

AD Ports signs five-year deal to operate Adnoc unit’s storage hub in Kizad – The National

AD Ports Group, the operator of ports, industrial cities and free zones in Abu Dhabi, signed a five-year deal with Adnoc Logistics and Services to operate a new facility in Kizad, as the UAE looks to boost its industrial infrastructure.

The facility will be used to store polyolefin products manufactured by petrochemical provider Borouge, AD Ports said in a statement on Tuesday to the Abu Dhabi Securities Exchange (ADX), where its shares are traded.

The agreement follows the sale of the facility by AD Ports Group to Adnoc L&S this year.