H.H. Sheikh Hamad bin Mohammed Al Sharqi of Fujairah met Leonid Mikhelson, chairman of Russian oil company Novatek, at Al Rumailah Palace on 1 November 2026 to discuss joint development projects in the Fujairah Oil Industry Zone (FOIZ). The meeting was attended by Mohammed Saeed Al Dhanhani, Director of the Fujairah Emiri Court; Mohammed Al Afkham, Director General of Fujairah Municipality; and Salem Al Afkham, Director of FOIZ. The two sides reviewed a number of development projects aimed at expanding the zone’s operational and investment capabilities to keep pace with the energy sector’s rapid growth.
The discussion also covered future plans for continued development of the FOIZ and enhancing its infrastructure and related services, underscoring the importance of strengthening cooperation with Russia in the energy sector and related industries. Ruler Al Sharqi stressed that these efforts are part of the UAE’s approach to building strategic partnerships, expanding international cooperation, capitalizing on economic opportunities, and exchanging expertise.
Officials said the collaboration would support Fujairah’s role as a strategic hub for the trade and storage of petroleum products, contribute to sustainable development, and advance shared interests between the UAE and Russia.
