The Kizad Group (Khalifa Economic Zones Abu Dhabi), as the integrated centre for economic and industrial businesses in Abu Dhabi, has entered into a land lease agreement with the Spanish Tupacex Group to establish the first factory of its kind in the Middle East specialized in the development of OCTG CRA stainless steel pipe solutions. It is expected to start operating at the end of 2024.
In the presence of His Excellency Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, and Captain Mohammed Juma Al Shamsi, Managing Director and CEO of Abu Dhabi Ports Group. Abdullah Al Hameli, CEO of the Economic Cities and Free Zones Sector of the Abu Dhabi Ports Group, and Jesus Esmores, CEO of Tupacex Group signed the agreement, during the ceremony “Made in the UAE” forum. The Ministry of Industry and Advanced Technology organized it in cooperation with the Department of Economic Development in Abu Dhabi, and ADNOC, the reliable and responsible supplier of low-emission energy.
This agreement supports the efforts of the Ministry of Industry and Advanced Technology to integrate purchase agreements, enablers, incentives, and financing providers for the development of the industrial sector. In addition to reflecting the Kizad Group’s commitment to supporting the national strategy for industry and advanced technology, the “300 billion project”, which aims to raise the contribution of the national industrial sector to the GDP. The total, which amounted to 180 billion dirhams in 2022 – and strengthened the role of the industrial sector in the UAE economy, and consolidated the UAE’s position as a regional and international industrial centre that attracts industrial investments. The Kizad Group, through its partnership with Tupacex, also aims to enhance the localization of industries and support the resilience of supply chains.
The facility will be built on an area of 50,000 square meters in Kizad and allow the Tupacex Group to strengthen its position in the UAE and reach its global network of dealers. It will be a one-stop shop supplying the energy market with a wide range of stainless steel piping solutions.
