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Sharjah24
Mohammed Al-Sharqi attends port agreement signing
His Royal Highness Sheikh Mohammed bin Hamid bin Mohammed Al Sharqi, Crown Prince of Fujairah, witnessed the signing of an agreement between DP World, operated by Dubai Ports World, and the Fujairah Ports Authority. The agreement aims to establish two multipurpose container ports along the Arabian Sea, with a concession period of 50 years. The project seeks to strengthen the emirate's position as a global maritime and logistics hub by developing the Ras Al Jazeera and Fujairah Ports, enabling them to handle millions of containers and goods annually. It also involves developing infrastructure capable of accommodating giant vessels. This initiative connects the ports through an integrated logistics network, enhances Fujairah’s role as a major maritime service center, and contributes to increased investments and employment opportunities. Additionally, it supports the UAE’s capabilities to bolster supply chains and international trade. The project is expected to be completed within 24 to 30 months and will significantly enhance the resilience and capacity of maritime transportation and regional and global trade.
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