Ports & Freezone
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.”
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. We
welcome the competitive
commercial environment
this will create. This
partnership is another
example of ADNOC’s
determination to support
the diversification of Abu
Dhabi’s industrial base
as we implement our
downstream strategy and
associated corporate
transformation programs.”
Currently, twenty
polymers firms are based
at KIZAD including Gulf
Compound Blending,
Cosmoplast, Interplast,
Industrium, Songwon
Polysys and Schmidt
Middle East. These
companies are already
leveraging KIZAD’s
interconnected business
facilities including turnkey
offices, serviced industrial
land plots, modular light
industrial units, and
warehouses. Tenants
also benefit from smart
technology platforms
such as Maqta Gateway,
Abu Dhabi Ports’ online
community business
platform.
The global plastics and
polymers market was
worth USD 611.9 billion
last year, according to
international consultants
The Business Research
Company, with growing
degree of recycling
among the trends in
the industry. This trend
will be reflected by
KIZAD Polymers Park
stakeholders, who
support the vision of a
circular economy and the
development of long-term
solutions in which plastics
never become waste,
promoting sustainability
as a business objective
rather than simply a
corporate responsibility.
KIZAD Polymers
Park was launched at
ArabPlast 2019, the
largest trade expo for
plastics, petrochemicals
and rubber industry in
the MENA region, which
runs until 8 January 2019
at Dubai World Trade
Centre.
JANUARY 2019 |
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