Dubai: DP World, the Dubai-based ports operator, on Monday signed a deal with Emirates Global Aluminium (EGA) aimed at boosting the UAE’s position as an aluminium exporter.
The deal, a long-term service agreement, extends the partnership between the two companies, and facilitates the storage and transportation of aluminium manufactured by EGA.
Under the agreement, EGA will lease a storage area that is the largest used by a company at Jebel Ali Port and that will further ease the export of EGA’s metal worldwide. EGA’s new yard at the port is over 175,000 square metres and has storage capacity of around 60,000 tonnes.
Sultan Bin Sulayem, chairman and chief executive officer of DP World, said the deal was an opportunity for the two companies to work together to support Dubai and the UAE’s economy.
“This new agreement opens the door to an enhanced level of collaboration … It’s another step towards strengthening our nation’s diversifying economic base,” he said in a statement.
Meanwhile, EGA said it will benefit from DP World’s range of services catering to its products that require special handling.
“EGA and DP World are two champions of economic diversification in the UAE, and that makes our work together important not just for our companies but also for our nation,” said Abdullah Kalban, managing director and chief executive officer of EGA.