224,000sqm facility is a boost to the marine engineering industry
Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, and NMDC Energy, a subsidiary of National Marine Dredging Company (NMDC), recently signed an agreement for the establishment of a new manufacturing facility in KEZAD.
The 50-year lease agreement signed at the recently concluded ‘Make It In The Emirates Forum 2024’, (27 May 2024) will see NMDC Energy invest AED 367mn (US$ 100mn) in a 224,000sqm facility in KEZAD, designated for modular fabrication.
The project will offer several strategic benefits to the regional oil and gas sector including world-class engineering, procurement, project management, fabrication, installation and commissioning services to project owners and operators. The facility will create an estimated 3,000 new jobs in the process.
Advancing industry
“As the UAE’s premier industrial and economic zones, KEZAD Group is continuously working to advance the country’s energy, logistics, and marine engineering services,” commented Mohamed Al Khadar Al Ahmed, CEO Khalifa Economic Zones Abu Dhabi – KEZAD Group.
“The establishment of this new modular fabrication facility at KEZAD represents not just a significant investment; it mirrors our commitment to supporting the UAE’s vision of becoming a global industrial powerhouse,” stated Ahmed Al Dhaheri, CEO, NMDC Energy.
NMDC Energy operates advanced fabrication facilities in Abu Dhabi with a capacity to produce up to 100,000 tonnes of structural steel annually across an area of 1.3mn sqm.
Additionally, NMDC is expanding its capabilities with a new 450,000sqm fabrication yard in Ras Al Khair port, Saudi Arabia, which will have a projected capacity of 60,000 tonnes per year by 2026.
