IslamicFinance.de

ADNOC Distribution and Abu Dhabi Ports signed a Mustaha agreement. The new agreement aims to strengthen ADNOC Distribution's capacity to develop new projects at Khalifa Industrial Zone (Kizad) and provide logistical support. The agreement was signed by Saeed Mubarak Al Rashidi, CEO of ADNOC Distribution and Mana Mohammed Saeed Al Mulla, CEO of Kizad. ADNOC Distribution will set up a lubes and grease plant, as well as strategic storage warehouses. The company will commence its operations in the new location by the beginning of 2022.