Officials at the siging of the contract
Dow, RSA-TALKE sign key petchem storage deal
DUBAI, February 3, 2015
Dow and RSA-TALKE have signed a deal for the storage of petrochemical produced that will be marketed by Dow from Sadara Chemical Company, a joint venture of Dow and Saudi Aramco, in Saudi Arabia.
The joint venture for chemical logistics RSA-TALKE is constructing a 10,000-sq-m warehouse for petrochemical products in Dubai.
It is located on the same premises as the company's dangerous goods warehouse, which was opened early last year at the aerotropolis known as Dubai World Central (DWC).
This second warehouse complex at Dubai World Central has been designed to mainly store petrochemicals.
With the new build of the warehouse, RSA-TALKE, a joint venture of Dubai-based RSA Logistics and the German TALKE Group – serves demand of customers from the chemical and petrochemical industries in the Gulf region, which is confirmed by the choice of the warehouse by Dow for its products from Saudi Arabia.
Richard Heath, director - Middle East and Asia, TALKE and director at RSA-TALKE, said: ”The strong demand from the up-and-coming chemical and petrochemical industry in the Gulf region has confirmed our strategy of expanding our portfolio of specialised logistics services.
Abhishek A Shah, managing director at RSA Logistics and director at RSA-TALKE, said: ”We expect the dynamic growth of the chemicals sector in Dubai and the region to carry on and will continue to expand our service offering.
“We are delighted about the signing of the contract with Dow for their flow of petrochemical products from the Sadara plant and see this significant agreement as a confirmation of our strategy in Dubai.” - TradeArabia News Service