UAE’s Mohammad Bin Zayed signs agreement for largest crude oil storage facility in Fujairah

H.H. Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, is in South Korea.

Shaikh Mohammad and the Korean President witnessed on Wednesday, the signing of an agreement between ADNOC and SKEC to build the world’s largest crude oil storage facility in Fujairah. Costing Dh 4.4 billion it will have a capacity of 42 million barrels.

Shaikh Mohammad bin Zayed and the Korean President attended today the signing of a number of MoUs aimed at enhancing strategic cooperation between the two countries. The agreements include political and economic deals as well as those covering tourism, agriculture, the environment, industry, modern technology & energy.

“I have arrived in South Korea, a country with which we have strong strategic ties. We look forward to opening new horizons of cooperation and forging constructive partnerships,” Shaikh Mohammad Bin Zayed stated in a tweet on Tuesday.

Shaikh Mohammad Bin Zayed’s third stop on Tuesday was at the Korean National Assembly. He tweeted: “I am pleased to visit the Korean National Assembly and meet with its leaders. Parliamentary relations are an important part of the close relationship between our friendly countries and peoples.”

Shaikh Mohammad Bin Zayed’s second visit was at Samsung Semiconductor Research & Development Center which was founded in 1999 in Seoul. The Company’s line of business includes providing telephone voice and data communications services.