Business Bureau, Gulf Today

A high-level delegation from Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, on Thursday participated in the inaugural ceremony of the Dhs771 million ($210 million) Petroleum Storage Facilities (PSF) project in Jordan.

Fully financed by ADFD, the funding was made as part of the UAE government’s contribution of Dhs4.6 billion ($1.25 billion) in 2013 to the Gulf Development Fund - an Dhs5 billion programme of the GCC member countries to finance development projects in Jordan. With a holding capacity of 356,000 tonnes, the project includes the construction of 22 storage facilities for light petroleum products including liquefied petroleum gas (LPG) as well as petroleum derivatives — diesel, gasoline and jet fuel.

Built in accordance with best international standards and equipped with health, safety and environment (HSE) equipment, the project is also fitted-out with loading and unloading areas for tanks as well as a water treatment system.

Inaugurated by Omar Razzaz, Jordanian Prime Minister, the opening ceremony was attended by Mohammed Saif Al Suwaidi, Director General of ADFD, Dr Mohamad Al-Ississ, Jordanian Minister of Planning and International Cooperation, Hala Zawati, Jordanian Minister of Energy and Mineral Resources, as well as a number of senior officials from both sides.

Mohammed Saif Al Suwaidi said: “The UAE and Jordan enjoy historic bilateral relations. The UAE leadership is committed to providing all forms of support to Jordan towards achieving comprehensive development in the country.”

“The Petroleum Storage Facilities project in Jordan has important economic development benefits. Apart from upgrading the oil sector infrastructure, it is designed to help the Jordanian government address challenges.