April 3, 2021 [GSN Online] Sharjah-based ATS Terminals has announced plans to increase its tank storage capacity from 42,000 cu m to 72,000 cu m at a total investment of AED55 million ($15 million).
Based at Hamriyah Free Zone in Sharjah, the Indian company offers services like storage and transport of liquid chemicals and fuel.
Its state-of-the-art terminal is completely automated with efficient and new-generation tank monitoring and loading systems, tank gauging systems, automated firefighting systems, and 24 /7 security surveillance.
It offers services to clients that include bulk liquid storage and bulk transportation of chemicals and petroleum products, said the company in a statement.
ATS Terminals will now be planning its Phase IV expansion to increase the storage volume to 100,000 cu m in 2022.
Such expansions are yet another testament to HFZA’s position as a key destination for foreign investors seeking to expand their businesses in the region, it stated.
Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority, accompanied by HFZA officials and directors, toured the new facilities of the Indian company, where they were briefed on the phases of the new expansion and the procedures for the storage process, built according to the best international standards.
Al Mazrouei commended the company’s role in supply, distribution, transport and shipping chains, as well as the innovative mechanisms adopted in the process of storing liquid chemicals and petroleum products.
“Today, HFZA and Sharjah stand out as a global business and investment destination and our main goal is to provide investors with a holistic experience with cutting-edge services, stimulating initiatives, and competitive benefits,” said Al Mazrouei.
“Today’s announcement is a clear indication that we are on the right track to further strengthen the confidence of our investors and customers in HFZA’s business environment, he added.
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