KIZAD launches Polymers Park to capitalise on polymers and plastics export market
KIZAD, one of the fastest growing industrial zones in the Middle East and part of Abu Dhabi Ports, today launched KIZAD Polymers Park, which will form an integral part of the polymers conversion ecosystem in the Emirate.
The Park aims to be a major economic driver for the UAE, producing 300-400 kilo tonnes of plastic products a year, creating up to 7,000 new jobs, and contributing $2.5 billion to GDP by 2025. The potential export market for the Park is estimated at $500 million annually, and it will ensure Abu Dhabi is a hub for developing the latest innovations in sustainability and technology in the industry, including new and advanced and polymer technologies, such as composites and 3D printing.
KIZAD’s world-class infrastructure includes a diverse range of plot sizes, excellent utility networks and ready-to-move-in light industrial units and warehousing, while the close proximity of Khalifa Port offers incredible connectivity to markets around the world via major shipping lines.
Meanwhile, foreign firms can take advantage of 100% foreign ownership via the free zone with the benefit of full repatriation of profits or benefit from the park’s flexibility and choose a mainland-based license instead.
Captain Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports, said: “Through this strategic collaboration framework with ADNOC, KIZAD is helping Abu Dhabi become a major global hub for polymers conversion, supporting industrial diversification across the UAE in support of Abu Dhabi Economic Vision 2030.”
Samir Chaturvedi, KIZAD CEO, 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 convertors can produce their products faster, cost effectively, and sustainably,” added Samir Chaturvedi
Abdulaziz Alhajri, Director, ADNOC Downstream Directorate, said: “ADNOC is proud to collaborate with Abu Dhabi Ports and KIZAD to further strengthen and develop the UAE’s conversion industry. Together, we will work to ensure alignment with the Ruwais Derivative & Conversion Parks and other industrial parks catering to different parts of the polymers value chain, offering investors a wide choice of options, while also building on synergies.”
The global plastics and polymers market was worth $611.9 billion last year, according to international consultants.