Abu Dhabi Ports to Become Plastics Hub
KIZAD (Khalifa Industrial Zone Abu Dhabi) has announced the launch of the KIZAD Polymers Park, which is expected to form an integral part of the UAE’s polymers conversion ecosystem.
By producing 300-400 kilo tonnes of plastic products a year, creating up to 7,000 new jobs and contributing US$2.5 billion to the country’s GDP by 2025, the park aims to be a major economic driver for the UAE.
In addition to this, the new facility will solidify Abu Dhabi’s position as a development hub for the latest innovations in sustainability and technology, including advanced polymer technologies such as composites and 3D printing.
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A “strategic collaboration framework” has been established between Abu Dhabi National Oil Company (ADNOC) and KIZAD Polymers Park to accelerate investment and innovation in the region’s plastics industry, offering companies swift and cost-effective access to polymers.
According to a statement, KIZAD Polymers Park will cater to a variety of different polymers segments such as packaging, construction, household goods and agricultural products.
The strategic collaboration framework agreement between #ADNOC & @AbuDhabiPorts will help shape an attractive business and investment environment to support and grow the #UAE conversion industry, providing potential investors with multiple options pic.twitter.com/dC4bjYs4T2— ADNOC Group (@AdnocGroup) January 6, 2019
The park will also benefit from infrastructure already in place at KIZAD, which includes a range of plot sizes, utility networks and ready-to-move-in warehousing.
The close proximity of Khalifa Port also offers incredible connectivity to markets around the world via major shipping lines, while various initiatives are underway to enhance the interconnectivity between KIZAD and the Ruwais Conversion Park.
#KIZAD CEO Samir Chaturvedi participated at the @ArabplastDubai press conference to highlight the array of opportunities offered by KIZAD to the region’s #polymers industry. KIZAD is a Support Sponsor at #ArabPlast, which takes place from 5-8 January 2019 at DWTC. pic.twitter.com/hrfTIkF0yD— KIZAD (@KizadUAE) December 17, 2018
Captain Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports, commented: “Through this strategic collaboration framework with ADNOC, KIZAD is helping Abu Dhabi become a major global hub for polymers conversion, supporting industrial diversification across the UAE in support of Abu Dhabi Economic Vision 2030.
“Polymer markets are growing fast owing to high demand for these products. We at Abu Dhabi Ports are working through KIZAD to address the needs of companies operating in the polymer sector via world-class logistics services, warehouses, and integrated infrastructure as well as sustainability initiatives to put an end to plastic waste.”
Samir Chaturvedi, KIZAD CEO, added: “The Park will source energy supplies from a variety of sources at some of the region’s lowest utility rates and support initiatives to commercialise the recycling of plastic waste.”