Khalifa Industrial Zone Abu Dhabi (Kizad) has launched a new Polymers Park in Abu Dhabi. It aims to make it a base for plastics manufacturing in the region.
The industrial park is a collaboration between Abu Dhabi National Oil Company (ADNOC) and Kizad. The park is expected to contribute $2.5 billion to GDP by 2025. It will produce 300- 400 kilotonnes of plastic products a year and create up to 7,000 new jobs. The potential export market is estimated at $500m annually.
The industrial park will tap into a variety of diffrent polymers segments including industrial use, such as construction, packaging and semi- finished products.
The park is expected to host a polymers ecosystem, including diversifid polymers space and raw materials, production systems and technical support, polymers distribution and trading, and logistics.
Samir Chaturvedi, CEO of Kizad, said: “Abu Dhabi is the ideal location for polymers converters looking to reach both regional and international markets. Tenants at Kizad Polymers Park will benefit from access to raw materials from regional producers and connectivity to global polymers product demand through Kizad’s major transport links, which include Abu Dhabi Ports’ flagship deep-water port, Khalifa Port and international airports. The Park will source energy supplies from a variety of sources at some of the region’s lowest utility rates and support initiatives to commercialise the recycling of plastic waste. We look forward to collaborating with Adnoc to create a hub where polymers converters can produce their products faster, cost-effectively, and sustainably.”
Source: Construction News
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