|
Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones and Saudi Arabia-based Delmon Industrial Complexhave 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 therequirementsof the oil and gas industry.
To be developed with AED 50 million in investment byDelmon Industrial Complex, theplant 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 namein mining, oil and gas, chemicals, construction and logistics services. It also offers efficient solar solutions as part of its product portfolio.
The setting up of the new Delmon Industrial Complex plant in KEZAD is part of Delmon Group’s strategy to expand into the UAE, and be an integral part of KEZAD’s industrial zone for the oil and gas sector to support their UAE projects. Spanning around 59,000 square metres, the proposed plant will undertake exploration, extraction and refining activities to process minerals into specialised products suitedto the oil and gas industry.
The entry of Delmon Industrial Complex in ICAD IIIis a testament to KEZAD’s growing client base of manufacturers servicing the oil and gas industry, and adds impetus to local manufacturing initiatives in KEZAD. Joining hands with AD Ports Group and KEZAD Group is reflective of Delmon Group’s commitment towards industrial development while upholding the sustainable manufacturing practices and operational standards prevalent in KEZAD.
Abdullah Al Hameli, CEO, Economic Cities & Free Zones, AD Ports Group,said: “The agreement with Delmon Industrial Complex opens another new chapter in our history of partnerships with well-established manufacturers expanding into the UAE. We look forward to the beginning of a long and successful journey with them, and hope that this undertaking will support industry requirements adequately.
“The collaborationis part of our strategy to meet sustainable manufacturing goals in alignment with the wise leadership’s vision and enable further diversification of our economy towards resilient development and growth.”
Ahmed Sulaiman Alghunaim, Founder of Delmon Industrial Complexsaid:“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 United Arab Emirates. Our choice of the Emirates was based on several factors, the most important of which is the importance of this sector in the Emirates, and the good reputation of KEZAD Group in providing the best services to investors.”
Oil and gas manufacturing involve complex processes across upstream, midstream and downstream services and require the support of smart industrial systems that make extraction, production and distribution reliant and seamless. 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.
|
New
Review
Abu Dhabi International Airport - 41°F
