# Emirates Steel signs AED1 billion marine services agreement with Abu Dhabi Ports

Emirates Steel has signed a 10-year strategic agreement with Abu Dhabi Marine Services (SAFEEN), a subsidiary of Abu Dhabi Ports, valued at AED 1 billion. SAFEEN will provide short marine shipping services for three shipments of iron ore per month starting January 2021.

- Type: Contract
- Announced: 2019-01-15
- Where: Abu Dhabi, United Arab Emirates
- Value: $272.0M (1.00B AED)
- Status: announced
- Products: iron ore shipping services
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Abu Dhabi Ports](https://endata.com/companies/19666.md) (partner)
- [Emirates Steel](https://endata.com/companies/36703.md) (customer)
- [Abu Dhabi Marine Services (SAFEEN)](https://endata.com/companies/36704.md) (supplier)

## Sources

- [emsteel.com](https://www.emsteel.com/press/emirates-steel-signs-marine-services-agreement-with-abu-dhabi-ports-worth-aed1-billion/), 2019-01-15: "Emirates Steel continues to seek to enhance its production capabilities in Abu Dhabi, and the signing of this agreement falls in line with such a commitment."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.