The preconstruction work includes the commencement of the Soil Investigation and the Environmental Impact Assessment (“EIA”) report. These are major milestones that pave the way for construction to start on the Phase III oil storage facility in Fujairah, UAE, which is expected to be operational in late 2022. Upon completion, this would make Brooge Energy the largest oil storage provider in the Port of Fujairah, UAE, which is one of the largest global oil export hubs. Brooge Energy will construct and operate its planned Phase III facility through its newly formed and wholly-owned subsidiary, Brooge Petroleum and Gas Investment Company Phase III FZE (“BPGIC III”).