05 Apr 2011
(MENAFN) Fujairah’s Free Zone Authority (FFZA) director, Sharief Al Awadhi, said that the emirate would invest USD272.3 million in a grain storage project that has a capacity of storing 100 million tones, and this comes as the state adopts a new food security policy, reported Reuters.
Al Awadhi added that Fujairah is considered to be less developed compared to other emirates in the UAE, and such projects would help increase the economic growth as well as secure job opportunities for Fujairah’s population.
Because of the huge demand for oil from the Middle East and Asia, Fujairah’s port is considered to be one of the major oil bunkering hubs in the world.
It is worth noting that oil storage capacity in Fujairah stands between 2.5 million and 3 million cubic meters, and is expected to reach between 6.5 million to 7 million cubic meters in the future.
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more