Dubai PR Network, Online Press Release from Dubai and Middle East
 
(Energy and Industry)
Filter PR by
  
DP World and EGA Sign Important Agreement to Support Aluminium Exports
 
DP World and EGA Sign Important  Agreement to Support Aluminium Exports

New 175,000-square metre facility in Jebel Ali Free Zone to connect to global markets

Dubai, United Arab Emirates, 16 July 2018:-   DP World, UAE Region, the Middle East’s leading regional trade enabler, today signed an important Strategic Long Term Service Agreement  with Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, aimed at supporting the UAE’s position as a major exporter of the metal.

The agreement extends the strategic partnership between the two companies, facilitating the storage and transportation of aluminium manufactured by EGA. As part of the agreement, EGA is leasing a dedicated storage area that is the largest the company has ever used at Jebel Ali Port and which will further ease the export of EGA’s metal worldwide.  

EGA’s new yard is over 175,000 square metres, the equivalent of more than 24 football fields. It has storage capacity for almost 60,000 tonnes of metal and up to 1,200 TEUs (twenty-foot equivalent container units). 

The yard is strategically located within the port to ease the movement of EGA metal to ships for export.

DP World and EGA have worked together since the late 1970s, playing a major role in the economic diversification of the UAE. Around 90% of EGA’s metal is exported and its aluminium is the largest made in the UAE export after oil and gas, making the UAE the fifth-biggest aluminium producing nation.
EGA was the largest ‘premium aluminium’ producer in the world in 2017.

DP World Group Chairman and Chief Executive Officer, Sultan Ahmed Bin Sulayem,  said: “Our agreement with Emirates Global Aluminium is an opportunity for two world-leading UAE companies to work together to support Dubai and the UAE’s economy. It’s another step towards strengthening our nation’s diversifying economic base. Establishing and sustaining a robust supply chain is vital to achieving this goal as envisioned by HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

“DP World and EGA have a 40-year history and our combined success is testament to the ingenuity and capabilities of Emirati enterprise. This new agreement opens the door to an enhanced level of collaboration. DP World will continue to innovate and develop trade solutions to add value to our partners and enable greater trade for all.”

Abdulla Kalban, Managing Director & Chief Executive Officer of EGA, said:
“Emirates Global Aluminium has customers in more than 60 countries, and our metal makes modern life possible. Proximity to the UAE’s efficient ports is one of our global competitive advantages, and we are glad to extend our decades-long partnership with DP World at Jebel Ali Port.
“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.”

EGA will benefit from DP World’s range of customised services, catering to various types of its products that require specialised handling, including washing, re-bundling, segregation, stuffing, and offloading, as well as one month’s free storage. 

Jebel Ali Port supports EGA’s business with a network of over 140 direct ports of call and more than 80 weekly sailings – the best in the region. It also serves as hub to the most extensive trade network in the region, enabling trade across the Middle East, North Africa, East Africa and South Asia, and services to a market of over one billion people.

DP World, UAE Region recorded a 4% year-on-year increase in throughput to 15.4 million TEU in 2017 and handled 3.8 million TEU in the first quarter of 2018.


Posted by : Dubai PR Network Editorial Team
Viewed 14707 times
PR Category : Energy and Industry
Posted on : Monday, July 16, 2018  5:07:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Nawah Energy Company Celebrates the Graduation of 195 ‘Energ...
Next Story : Significant Milestones Achieved in Construction of Unit 3 at...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Aigner Aprilia [8186-Views]
Top Toners to Up Your Skincare Game [6350-Views]
Stay Refreshed this Festive Season & Give the Gift of Self Care with Kocostar's Fabulous F... [6039-Views]
Raise Eyebrows with Flormar's New Range [5807-Views]
'Tis the Season to Gift and Glow' With Foreo Holiday Gift Sets [5716-Views]
Stress-free Tresses [5697-Views]
Sukin for Men [5392-Views]
Nourish your hair with Vierro's Styling Cream range [5392-Views]
Matte Made in Heaven [5368-Views]
Shop the New Frozen 2 Collection at Max Fashion! [4807-Views]
Monochrome Moment [4538-Views]
Skincare Through The Ages: The 20-Something's Skincare Guide [4447-Views]
UAE's Minister Al Mazrouei Announced President of the Unido General Conference in Abu Dhab... [4386-Views]
Dubai Customs discusses more mutual cooperation with Ukrainian Consul General [4355-Views]
Steve Madden set to arrive in Dubai to kick off brand's 30th Anniversary Celebration [4258-Views]
Foreo Expects a Record Sale for Black Friday [4227-Views]
Dubai Fitness Challenge Continues to Inspire the City [3849-Views]
Dubai Festival City Witnesses Over 1600 Runners Participating at the Second Season of the ... [3794-Views]
The Eberhard & Co. “Sistema Magini” Chronograph Sells at Auction for 156,000 Euros [3703-Views]
Adventurous Sailor François Gabart begins the 2019 Brest Atlantiques race [3672-Views]
Look after your body & enjoy nourished skin from Local, Homegrown Company, The Simplicity ... [3617-Views]
New showroom opening at Habsiguda, Hyderabad [3593-Views]
Dubai Pink Ride Attracts More than 4500 Participants [3410-Views]
Time for tennis - Ugo Humbert joins Rado YoungStars [3367-Views]
Explore Hello Kitty Mania as Candylicious Turns 10 [3288-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories