shining a light
GIC will invest US$600 million in select ADNOC crude pipeline infrastructure, following BlackRock, KKR and the Abu Dhabi Retirement Pensions and Benefits Fund who had invested $4.3 billion.
The Roadbot Tire Project is latest milestone of the 50-year agreement between Abu Dhabi Ports and JOCIC; strengthening Abu Dhabi’s connection to China’s Belt and Road trade initiative.
Focuses on innovation and sustainability in plastic production, helping to commercialize the recycling of plastic waste; expected to create up to 7,000 jobs and add US$2.5 billion to GDP by 2025.
The strategic agreement is valued at US$272.24 million.
Total capex made by COSCO was US$300 million, which includes the largest Container Freight Station (CFS) in the Middle East covering 275,000 sqm.
New facility will expand GAC’s presence in Abu Dhabi and will serve sectors ranging from oil & gas to household effects.
But UAE still needs to step up control of free trade zones.
The historic shift in energy use, from West to East, and the rapid adoption of advanced technologies, are creating new challenges and growth for the global oil and gas industry.
The fourth Maritime Standard Ship Finance and Trade Conference held at Abu Dhabi saw optimistic outlook for the shipping industry.
The collaboration is designed to provide increased efficiency, transparency and security.
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