GFCF to invest over US$ 272.25mn to expand its total facility area to 220,000sqm
Khalifa Economic Zones Abu Dhabi – KEZAD Group, recently announced that it has signed an agreement with its client Global Fluorine Chemical Factory LLC (GFCF) for the establishment of its phase two in KEZAD Mussafah, which will allow the company to triple its production capacity.
In addition to the 100,000sqm that GCFC currently occupies at KEZAD Musaffah, the company will invest over US$ 272.25mn (AED 1 bn) in the new facility on an adjacent plot, that spans an additional 120,000sqm.
The agreement, signed in the presence of His Excellency Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology (MoIAT), and Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, demonstrates MoIAT’s dedication to strengthening supply chains’ localisation and resilience in line with ‘Operation 300 billion’.
Sustainability goals
GFCF’s processes minimise water waste, and the production unit will incorporate heat recycling, aligning with KEZAD Group’s sustainability goals. KEZAD and GFCF are committed to implementing eco-friendly practices, in line with the country’s commitment to sustainable industrial development and addressing climate change.
“This agreement highlights the opportunities available to any organisation and adds significant value to the UAE’s manufacturing sector in keeping with the vision of our wise leadership,” stated Abdullah al Hameli, CEO Economic Cities & Free Zones, AD Ports Group.
“This integrated unit allows our factory to be in complete control of our value chain while being able to leverage KEZAD’s versatile platform that enables high-end manufacturing,” remarked Haojjin Shi, CEO, Global Fluorine Chemical Factory.
