KEZAD Group, the integrated economic and industrial hub of Abu Dhabi, is pleased to announce its collaboration with Tubacex Group, a renowned global leader in advanced tubular solutions. A land lease agreement has been signed between the two entities, marking a significant milestone in the development of a cutting-edge manufacturing facility for OCTG-CRA (Oil Country Tubular Goods – Corrosion Resistant Alloy) tubular solutions. This facility, set to be operational by the end of 2024, will be the first of its kind in the Middle East.
The agreement was formalized during the prestigious Make it in the Emirates Forum, which brought together distinguished dignitaries and industry leaders. The signing ceremony took place in the presence of His Excellency Dr Sultan Al Jaber, the esteemed Minister of Industry and Advanced Technology, and Captain Mohamed Juma Al Shamisi, the Managing Director and Group CEO of AD Ports Group. The forum, held from May 31 to June 1, 2023, was a collaborative effort between the Ministry of Industry and Advanced Technology (MoIAT), the Department of Economic Development, and ADNOC, a reputable provider of low-carbon intensity energy. The event centered around the theme of ‘Investment, Sustainability, Growth,’ showcasing the commitment of the UAE to fostering economic prosperity through sustainable practices.
The partnership between KEZAD Group and Tubacex Group is a testament to Abu Dhabi’s commitment to developing its industrial capabilities and becoming a global leader in advanced manufacturing. By establishing this state-of-the-art manufacturing facility, the region aims to meet the growing demand for OCTG-CRA tubular solutions, catering to various industries such as oil and gas exploration, production, and refining.
Under the guidance of Abdullah Al Hameli, the CEO of Economic Cities & Free Zones at AD Ports Group, and Jesús Esmorís, the CEO of Tubacex Group, this collaboration sets the stage for technological innovation and economic growth in the region. The strategic location of Abu Dhabi, coupled with its advanced infrastructure and supportive business environment, makes it an ideal hub for Tubacex Group to expand its operations and serve its clients effectively.
The manufacturing facility will be equipped with cutting-edge technology and adhere to the highest industry standards, ensuring the production of top-quality OCTG-CRA tubular solutions. These solutions are crucial in challenging environments where resistance to corrosion and high pressure is essential. By having a local manufacturing facility, Abu Dhabi will enhance its self-sufficiency and reduce its dependence on imports, contributing to the country’s overall economic resilience.
Furthermore, the establishment of the manufacturing facility aligns with Abu Dhabi’s vision of sustainable development. Tubacex Group has a strong commitment to environmental responsibility, and their operations prioritize energy efficiency and the reduction of carbon emissions. This shared focus on sustainability will further reinforce Abu Dhabi’s position as a global leader in sustainable industries.
The collaboration between KEZAD Group and Tubacex Group holds great promise for both entities and the Abu Dhabi region as a whole. It will drive economic growth, job creation, and knowledge transfer, while simultaneously meeting the growing demand for advanced tubular solutions in the Middle East. By nurturing such partnerships, Abu Dhabi continues to solidify its position as a thriving business hub and a catalyst for innovation.
As the manufacturing facility moves forward, KEZAD Group and Tubacex Group are dedicated to working closely with local stakeholders, including government entities and industry partners. Their collective efforts will ensure the success of this landmark project and contribute to the long-term prosperity of the region.
In conclusion, the signing of the land lease agreement between KEZAD Group and Tubacex Group marks an exciting development in the industrial landscape of Abu Dhabi. With the construction of a state-of-the-art manufacturing facility for OCTG-CRA tubular solutions, the region is set to become a global leader in advanced manufacturing. This collaboration exemplifies Abu Dhabi’s commitment to sustainable economic growth and showcases its ability to attract world-class industry players. As the facility nears completion, the future looks promising for both KEZAD Group and Tubacex Group, as well as for the Abu Dhabi region as a whole.
