Audex Inks 30-year Lease with AD Ports in UAE

AD Ports Group on Wednesday announced it has signed a land lease agreement for 30 years with Audex Pte Ltd a wholly owned subsidiary of PEC Ltd, an integrated project and maintenance solutions provider to the energy, petrochemical, terminal and pharmaceutical industries, with fabrication facilities spread across Asia and the Middle East.  

Audex will set up its engineering fabrication facilities in UAE at Khalifa Port close to the east berth. The move will facilitate setting up a fully dedicated single source facility in Abu Dhabi that will support engineering, procurement and construction (EPC) and modular process and gas compression projects as well as maintenance projects.

Robert Dompeling, PEC’s Group CEO, said, “Our move to establish engineering facilities outside Singapore early in our corporate history has given PEC a comparative advantage to take hold of opportunities presented to us. Since establishing our presence in Fujairah, UAE in 2007, we were able to support the development of several major storage facilities in the Middle East largest oil hub. 

“With this new investment in an engineering fabrication facility at Khalifa Port, we will be able to take advantage of its strategic location and extensive international network to further expand our footprint to support the Group’s modular business, EPC works and maintenance services in the UAE and around the region.”