KEZAD and Tubacex to build Middle East’s first OCTG-CRA manufacturing facility

KEZAD and Tubacex to build Middle East’s first OCTG-CRA manufacturing facility

ABU DHABI, 9th June, 2023 (WAM) – Khalifa Economic Zones Abu Dhabi – KEZAD Group, the integrated economic and industrial hub of Abu Dhabi, today announced the signing of 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 end of 2024.

AD Ports Group, represented by Abdullah Al Hameli, CEO Economic Cities & Free Zones, and Tubacex Group, represented by Jesús Esmorís, CEO, have signed an agreement during the Make it in the Emirates Forum. 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. The Forum, held from May 31 to June 1, 2023, was organised by the Ministry of Industry and Advanced Technology (MoIAT) in collaboration with the Department of Economic Development and ADNOC, focusing on the theme 'Investment, Sustainability, Growth'.

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