Saudi Arabia - 2010 January 11
The Zamil Group of Saudi Arabia and Royal Vopak of the Netherlands have signed a memorandum of understanding to develop a joint venture company for the MENA region. The new joint venture aims to develop independent bulk liquid and liquefied natural gas terminal facilities across the MENA region, in order to provide tank storage services to the oil and chemical majors, trading companies and natural gas suppliers. This is a further step in both companies' growth strategy in this important and rapidly expanding market.

Vopak and Zamil Group believe that developing world-class independent bulk liquid storage terminals at strategic locations will be a significant contributing factor in providing the high quality logistic services required for the region's continuing development. Vopak is described as the world's largest independent tank terminal operator specializing in the storage and handling of liquid and gaseous chemical and oil products. Vopak operates 79 terminals with a storage capacity of 27.7 million cbm in 31 countries. The terminals are located for users and the major shipping routes. The majority of its customers are companies operating in the chemical and oil industries, for which Vopak stores a large variety of products destined for a wide range of industries.

Source: Arab News

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