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Abu Dhabi Ports has signed a Musataha agreement with Adearest company, which enables Adearest’s subsidiary, Polar Specialised Industries, to set up its new manufacturing facility in Khalifa Industrial Zone, Kizad.
The new plant, which will cover an area of 23,617 square metres, represents an approximate total investment of AED50 million.
The company will manufacture specialist products such as refrigeration skids, steel pressure vessels, steel tanks, and switch gears for refrigeration and cooling systems. The manufacturing plant will also focus on items required by companies using cold storage facilities for logistics purposes, food processing plants, oil and gas as cooling systems, and refrigerated containers for oil and gas supplies.
"With Khalifa Port at its doorstep, outstanding market access and world-class infrastructure, a long-established company like Adearest will be able to benefit greatly from its new set up. With Khalifa Port’s industrial, trade and logistics hub designed to provide economies of scale, Adearest will be able to expand its business reach and support clients who are already setting up their facilities in Kizad," said Capt. Mohamed Juma Al Shamisi, CEO, Abu Dhabi Ports.
Hans Raaymakers, General Manager, Adearest, said, "Kizad will offer the Polar Specialised Industries facility the perfect environment to produce high quality products for our growing customer base, both in the UAE and beyond. In addition, Khalifa Port will significantly support our ambitions to further expand into the GCC and MENA region, as well as into Asia."
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