Fujairah Terminals has signed a Memorandum of Understanding (MoU) with United Steel Industries (USI), a premier manufacturer of rebars, rods and wire coils.
The agreement supports the handling of the company’s import and export shipments through Port of Fujairah and means Fujairah Terminals will facilitate all required logistics support for the company.
The MoU was signed by Ahmed Al Mutawa, CEO of Fujairah Terminals, and Mamed Magomadov, partner at United Steel Industries.
The partnership enables United Steel Industries to benefit from the Fujairah Terminals’ strategic location and platform to efficiently access the region.
“Our continued collaboration with United Steel Industries stems from our commitment to consistently play a vital role in supporting the economic and social development of the Emirate’s business community,” said Mutawa.
“Today’s MoU portrays Fujairah Terminals’ competitive advantage and will provide United Steel Industries with increased time efficiencies and immense cost reductions,” he added. “We look forward to continue solidifying our position within the UAE’s strategic expansion into markets in the Indian sub-continent and East Africa.”
“It is privileged for us to be in relation with Fujairah Terminals for all our cargo import & export handling including logistic services,” said Magomadov. “Our decision to invest in our relationship with Fujairah Terminals is motivated based on multiple business factors that will gain us a competitive advantage.”
“By choosing to utilise the Fujairah Terminals, we will be benefiting from increased time efficiency, cost reduction and a convenient location only few kilometres from our steel plant,” he added.
Fujairah Terminals is part of Abu Dhabi Ports and manages all container, general cargo, RoRo and cruise ships in the port.
It further extends this exclusivity throughout the emirate of Fujairah for container business. Abu Dhabi Ports is also deepening of berths to enable the port, which already serves clients and companies in the entire Gulf Region, Indian Ocean and Indian Subcontinent, to cater to larger vessels.