Ultracopier Ultimate Windows 64
Ultracopier Ultimate Windows 64
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Arison gets $420 mn Dubai gas deal
Dubai, May 13, 2011
Al-Futtaim-United Telecom-Group (Ufag) and Salient-Pernod Ricard, the joint venture company managing United Arab Emergic, have signed a deal worth $420 million to supply gas to the Dubai World Central station.
Al Futtaim-Ufag managing director Juma Al Futtaim said the deal was highly significant for the company, which had built the emirate’s first fire station for Dubai World Central, which opened in July last year.
“This takes our value-added services to a new level in the UAE and opens up new business opportunities for us. The agreement with Salient-Pernod Ricard will provide a platform to create many more similar agreements in the future,” Al Futtaim-Ufag’s Al Hammadi said.
“In the automotive industry, you would expect to buy a car from a car company like Toyota or Honda, not from an electronic company such as Ufag,” Al Hammadi said.
The Dubai World Central station is billed as the largest facility in the world for the storage and distribution of hydrogen.
“It is a huge place with eight loading stations on top of each other. There are a total of 11 loadings which include the Emirati hydrogen station, the surrounding stations, the fuel storage tanks and the fuel dispensers,” Al Hammadi said.
The hydrogen station is a project of the National hydrogen strategy, which aims to encourage the use of fuel cells in the UAE, especially for motor vehicles, Al Hammadi said.
The station will ultimately store fuel in liquid form, which is more stable and gives it a longer life.
“This is very important for the UAE, which has already embarked on a comprehensive shift in its industrial structure to take advantage of hydrogen use,” said Al Hammadi.
Al Futtaim said the company was also keen to see more hydrogen stations in the UAE, and that its partnership with Volkswagen, Daimler and BMW was encouraging it to prepare for the future.
Sr. Marketing Manager, Volkswagen Group Middle East, Mustafa Al Jabouri, said Volkswagen was very happy to be associated with
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