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FINANCIAL NEWS
Emirate’s ADPC, Alba Tec sign USD5.443m agreement
13 Jun 2014
(MENAFN) ADPC, the master developer of ports and industrial zones, has signed a USD5.443 million agreement with Alba Tec, a construction company specialized in pre-engineered building, to manage the second phase development of Marfa Port in the Al Gharbia Region of the Abu Dhabi, according to Arab News.
The agreement was signed between Akram Chalich, managing director of Alba Tec Construction and Development and Capt. Mohamed Juma Al-Shamisi, CEO of ADPC.
Al-Shamisi said: “The development of Marfa Port is one of our most important projects in the Al Gharbia region. Established in the 1970s, Marfa has been a fishing port and a location for pearl diving. It is a beautiful location for tourism and substantial development is planned for the area as part of the 2030 Economic Plan. The investment in port facilities and improved infrastructure will support and facilitate this development in the years ahead.”
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