June 17, 2019 [Khaleej Times] – A high-level delegation from the Abu Dhabi Fund for Development participated in the inaugural ceremony of the Dh771 million ($210 million) Petroleum Storage Facilities project in Jordan.
Fully-financed by the ADFD, the funding was made as part of the UAE government’s contribution of Dh4.6 billion in 2013 to the Gulf Development Fund, a Dh5 billion programme of GCC member countries to finance development projects in Jordan.
With a holding capacity of 356,000 tonnes, the project includes the construction of 22 storage facilities for light petroleum products including liquefied petroleum gas as well as petroleum derivatives – diesel, gasoline and jet fuel. Built in accordance with best international standards and equipped with health, safety and environment equipment, the project is also fitted out with loading and unloading areas for tanks as well as a water treatment system.
Inaugurated by Jordanian Prime Minister Omar Razzaz, the opening ceremony was attended by Mohammed Saif Al Suwaidi, director-general of the ADFD; Dr Mohamad Al Ississ, Jordanian Minister of Planning and International Cooperation; Hala Zawati, Jordanian Minister of Energy and Mineral Resources; and a number of senior officials from both sides.
“The UAE and Jordan enjoy historic bilateral relations. The UAE leadership is committed to providing all forms of support to Jordan towards achieving comprehensive development in the country,” Al Suwaidi said.
“The Petroleum Storage Facilities project in Jordan has important economic development benefits. Apart from upgrading the oil sector infrastructure, it is designed to help the Jordanian government address challenges in achieving energy self-sufficiency and securing strategic reserves of petroleum derivatives,” he added.
He also acknowledged the ADFD’s contribution to stimulating economic activity and achieving sustainable development in Jordan through financing priority development projects.