The 40,000 sqm plant will cater to the needs of the oil and gas, defence and locomotive industries
Abu Dhabi, United Arab Emirates – 28 August 2024:Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones and UAE-based Apex Engineering Industries have announced the signing of a 50-year land lease agreement for the establishment of a state-of-the-art facility in KEZAD Area A – Al Ma’mourah.
To be developed with AED 90million in investment by Apex Engineering, the plant will produce industrial parts, components, machinery and equipment for the oil and gas, locomotive and defence industries.
Spanning over 40,000 square metres, the facility will use advanced engineering for the design and development of innovative systems to serve the above sectors. All operations at the plant will take place in alignment with environment protection commitments and will uphold the sustainable business practices in KEZAD.
The construction of the proposed plant is set to further propel manufacturing for industries with large-scale undertakings and positions KEZAD as the prime hub for extensive industrial development. The agreement emphasizes AD Ports Group’s strategy to attract manufacturing companies from around the world and across the board to drive economic growth.
Mohamed Al Khadar Al Ahmed, CEO, Khalifa Economic Zones Abu Dhabi – KEZAD Group said: “The setting up of the new plant will be a welcome addition to our ecosystem of diverse industrial manufacturing companies driving sustained economic growth.
“We look forward to the project’s contribution to UAE’s strategic vision of diversifying its economy and becoming the global hub for innovation.”
Nooruddin F. Daud, Partner, Apex Engineering Industriessaid:“Apex Engineering Industries LLC are pleased to set up our state-of-the-art engineering R&D and manufacturing facilities in Abu Dhabi. We aim to provide services to the Oil & Gas, Locomotives, Automotive, Defence and Engineering Sectors in the UAE. We look forward to contributing to the engineering & manufacturing eco-system of the UAE in general and Abu Dhabi in particular.
We already have our plant and equipment installed for a unique material treatment process that enhances the lifecycle of metal wear parts like cutting tools, brake discs, gears etc. thereby providing economic benefits to our customers.
The industry enabling regulations and the business-friendly environment provided by the Abu Dhabi Department of Economic Development (ADDED) coupled with world class facilities provided by KEZAD make it a very attractive option to set up our facilities here in KEZAD.”
While oil and natural gas contributes significantly in meeting the world’s energy demands, locomotives are the steering gear behind the transportation sector’s efforts to tackle climate change with higher efficiency and reduced carbon footprint. The new establishment at KEZAD will meet the demands of these industries and enable them with more productivity and performance.
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About KEZAD Group:
KEZAD Group, a subsidiary of AD Ports Group under its Economic Cities & Free Zones Cluster, is the largest operator of integrated and purpose-built economic zones in the United Arab Emirates. Providing competitive business ecosystems that encourage unprecedented growth, KEZAD Group is a key strategic enabler of Abu Dhabi’s vision for the diversification of its economy.
KEZAD Group’s vital infrastructure and services span 12 economic zones (located in Abu Dhabi City, Al Ain City and Al Dhafra Region) covering a total area of 550km2 and including more than 40 staff accommodation complexes under its subsidiary KEZAD Communities.
KEZAD Group provides strategic market access, lower operating costs, and ease of doing business to more than 2,000 investors from 17 key industrial sectors. KEZAD Group’s ecosystem provides world-class transportation infrastructure with multimodal connectivity, 100 percent foreign ownership, 100 percent repatriation of capital and profit, the potential for duty-free trade within the region, and advanced technology platforms.