The 59,000sqm facility to focus on servicing the oil and gas industry
Khalifa Economic Zones Abu Dhabi–KEZAD Group has announced the signing of a 50-year land lease agreement for the establishment of their state-of-the-art plant in ICAD III (KEZAD Musaffah) area to serve the requirements of the oil and gas industry.
To be developed with AED 50mn (US$ 13.62mn) in investment by Delmon Industrial Complex, the plant will manufacture and supply products to service the needs of oil and gas companies in the region and beyond.
Delmon Industrial Complex is part of Delmon Group, established in 1981, in the Kingdom of Saudi Arabia. Headquartered in the port city of Eastern Province, Dammam, Delmon Group is an established name in mining, oil and gas, chemicals, construction and logistics services. It also offers efficient solar solutions as part of its product portfolio.
Resilient development
Spanning around 59,000sqm, the proposed plant will undertake exploration, extraction and refining activities to process minerals into specialised products suited to the oil and gas industry.
“The collaboration is part of our strategy to meet sustainable manufacturing goals in alignment and enable further diversification of our economy towards resilient development and growth,” commented Abdullah Al Hameli, CEO, Economic Cities & Free Zones, AD Ports Group.
“The establishment of the Delmon Industrial Complex, affiliated with the Delmon Group of Companies, in the Kingdom of Saudi Arabia is an important step towards developing and expanding our business in the oil and gas sector in the UAE,” remarked Ahmed Sulaiman Alghunaim, Founder, Delmon Industrial Complex.
As an experienced and capable industrial solution provider, Delmon Industrial Complex will leverage its world-class facility and KEZAD’s services to provide clients with innovative products, efficiency in services and speed-to-market, a press statement concluded.
