Abu Dhabi’s KEZAD Group 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 90mn (US$ 24.5mn) million 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 40,000sqm, 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 setting up of the new plant will be a welcome addition to our ecosystem of diverse industrial manufacturing companies driving sustained economic growth,” commented Mohamed Al Khadar Al Ahmed, CEO, Khalifa Economic Zones Abu Dhabi- KEZAD Group.
“We 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,” remarked Nooruddin F. Daud, Partner, Apex Engineering Industries.
