A joint venture between Salam International Transport and Trading Co and Al Jaffali Group will set up a tank farm in the Port of Aqaba in Jordan.
The tank farm will have a capacity of 50,000 tonnes to store chemicals, liquids and other oil products.
Salam International is a provider of transportation and trade services, while Al Jaffali is part of Sheikh Khalid Al-Jaffali Group.
Land has already been selected for the project at a prime location in the southern area of Port of Aqaba, near the chemicals terminal and crude tankers.
This project is being built at a cost of $28.21 million (17.6 million) and initial works have already started. The farm will be operational before the end of this year.