Khalifa Economic Zones Abu Dhabi (KEZAD Group), the integrated economic and industrial hub of Abu Dhabi, has signed a land lease agreement with Spain’s Tubacex Group for the development of a state-of-the-art manufacturing facility for OCTG-CRA tubular solutions, the first such manufacturing facility in the Middle East, expected to be operational towards the end of 2024.
The agreement was signed by Mr. Abdullah Al Hameli, CEO of Economic Cities & Free Zones, and Mr. Jesús Esmorís, CEO of Tubacex Group. The signing took place in the presence of Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, and Captain Mohamed Juma Al Shamisi, Managing Director & Group CEO of AD Ports Group.
This collaboration is supported by MoIAT’s efforts to bring together committed offtake agreements, enablers, incentives, and financing providers to cultivate the industrial sector. It also signifies KEZAD’s commitment to supporting the national strategy for industry and advanced technology, Operation 300bn, which aims to drive the industrial sector’s contribution to GDP. By partnering with Tubacex Group, KEZAD aims to further increase the localization and resilience of supply chains.
The 50,000 square meters facility to be developed in KEZAD will enable Tubacex to establish a strong presence in the UAE, while reaching out to its global network of clients. The company provides a wide range of stainless-steel tubular solutions for the Energy market and operates as a fully integrated one-stop-shop enterprise.
“KEZAD continues to welcome the best-in-class companies to establish their presence in Abu Dhabi, as we drive forward in our aim to become the leading hub in the region for manufacturing and innovation. Tubacex Group’s global leadership in tubular solutions perfectly aligns with our vision for industrial excellence. Our infrastructure and services will help the company enhance its offering and benefit not only the Abu Dhabi industrial ecosystem but the region and the world from its base in KEZAD.”
Mr. Esmorís said that “We are very excited to establish a presence in Abu Dhabi, as the UAE, and KEZAD in particular, have consistently proven to be the right location providing an exceptional operating framework and connectivity to global clients. Through this investment, we expand our existing footprint in the UAE, in the core of a key global Energy hub. Tubacex will implement in Abu Dhabi the sector’s most advanced, sustainable manufacturing technologies, and thus secure the supply of a key component needed for the UAE to meet its increasing natural gas production targets which play a crucial role in the energy transition landscape.”
Tubacex is a global leader in the design, manufacturing, and installation of advanced industrial products and high-value-added services for the energy and mobility sectors. Tubacex brings value to its customers through its global presence, with production plants and service centers in Spain, Austria, Italy, the United States, India, Thailand, Saudi Arabia, United Arab Emirates, Norway, Canada, Singapore, Guyana, and Kazakhstan.
The sustainability and environmental policies of Tubacex are endorsed by leading ESG certification organizations, such as Science Based Targets (SBT) commitments for emissions reduction, an A-rating from CDP (Carbon Disclosure Project), and sustainability standards from S&P and Ecovadis. Tubacex has been listed on the Spanish stock exchange since 1970 as part of the Ibex Small Caps Index.