Company to develop advanced facility spread over 50,000sqm
Khalifa Economic Zones Abu Dhabi–KEZAD Group, the integrated economic and industrial hub of Abu Dhabi, recently announced the signing of a land lease agreement with Spain’s Tubacex Group for the development of a state-of-the-art manufacturing facility for OCTG-CRA tubular solutions, the first such manufacturing facility in the Middle East, expected to be operational towards end of 2024.
The agreement was signed by Abdullah Al Hameli, CEO, Economic Cities & Free Zones, AD Ports Group and Jesús Esmorís, CEO, Tubacex Group, at the ‘Make it in the Emirates’ Forum. By partnering with Tubacex Group, KEZAD aims to further increase the localisation and resilience of supply chains.
Large facility
The 50,000sqm facility to be developed in KEZAD will enable Tubacex to establish a strong presence in the UAE, while reaching out to its global network of clients. The company provides a wide range of stainless-steel tubular solutions for the Energy market and operates as a fully integrated one-stop-shop enterprise, a press statement indicated.
“Tubacex Group’s global leadership in tubular solutions perfectly aligns with our vision for industrial excellence. Our infrastructure and services will help the company enhance its offering and benefit not only the Abu Dhabi industrial ecosystem but the region and the world from its base in KEZAD,” remarked Al Hameli.
“Tubacex will implement in Abu Dhabi the sector’s most advanced, sustainable manufacturing technologies, and thus secure the supply of a key component needed for the UAE to meet its increasing natural gas production targets,” stated Esmoris.
