AD Ports Group, an operator of industrial cities and free zones, has entered into a preliminary agreement with Vale, a prominent player in Brazil's mining sector known for its production of iron ore and nickel. This collaboration aims to establish a sprawling hub in Abu Dhabi dedicated to the creation of industrial complexes focused on producing low-carbon products for the steel industry.
AD Ports revealed that the hub's range of eco-friendly offerings will cater to both local and international markets. The preliminary agreement entails the allocation of land and associated services from Kezad, a subsidiary of AD Ports Group, for the development of this colossal hub.
Furthermore, the partnership involves the construction and operation of a state-of-the-art handling facility at Khalifa Port, designed to accommodate Valemax vessels with a remarkable cargo capacity of up to 50 million metric tons annually.