April 6, 2011
 

UAE invests in large wheat storage

Fujairah has begun a grains storage project of AED1 billion (US$272.3 million) in an attempt to bolster food security, according to the media.

The project is expected to hit capacity of 100 million tonnes, Sharief Al Awadhi, director of the Fujairah Free Zone Authority (FFZA) said.

The UAE is targeting more infrastructure investment in its less developed northern emirates such as Fujairah and creating more jobs for nationals this year, Economy Minister, Sultan Al Mansoori, said on Monday (Apr 4).

The project in Fujairah will convert Fujairah into a future investment hub for grains storage, Awadhi said.

This project comes after a contract between Fujairah port and Abu Dhabi's investment company to construct wheat storage silos at the port, spanning an area of 100,000 square metres or larger.