ABU DHABI PORTS COMPANY (ADPC) HAS SIGNED AN MOU WITH BOREALIS / ABU DHABI INVESTMENT COUNCIL ADIC ON BEHALF CHEMAWEYAAT, AN INITIATIVE DEVELOPED BY ADIC AND THE INTERNATIONAL PETROLEUM COMPANY (IPIC) TO SPEED UP ABU DHABI’S INVOLVEMENT IN THE CHEMICAL INDUSTRY, WITH THE OBJECTIVE TO LOCATE THE NEW PLANNED CHEMICALS INDUSTRIAL CITY AT KHALIFA INDUSTRIAL ZONE AT TAWEELAH.
The first project to be located at the Chemicals Industrial City is Chemaweyaat Complex 1. It is expected to be the world’s largest grassroots fully chemicals integrated complex with a total production of around seven million tons per annum of olefins, aromatics, oxide and ammonia derivatives. The Chemaweyaat Complex 1 is expected to be complete by 2013.
“The location of this large scale petrochemical complex is a major milestone for the development of the industrial cluster at the Khalifa Industrial Zone. . Chemaweyaat, as an anchor tenant will attract additional investments from all parts of the supply chain and will create a viable chemical and petrochemical cluster. This will deliver valuable collective benefits to the port and the industrial zone’
said Mr. Ahmed Al Calily, CEO & MD at ADPC.
Mr. Mohamed Al Azdi, Chairman of the Chemaweyaat development committee said
“we are very pleased with the opportunity to locate the new Chemicals Industrial City in Khalifa Industrial Zone at Taweelah as it provides us not only the physical space for major development, but also helps us to export our future production efficiently. We also look forward to attracting further downstream industries to Taweelah through the broad range of chemical and petrochemical products to be produced there.”
KPIZ is a multi-purpose facility strategically located in Taweelah between the cities of Abu Dhabi and Dubai. It includes the construction of a world-scale container and industrial port, and the development of over 100 square kilometers of industrial, logistics, commercial, educational and residential special economic and free zones. In the first quarter of this year, ADPC awarded contracts to begin the construction of the new port set to be operational by the end of 2010, and two major earthworks contracts for the Khalifa Industrial Zone.
KPIZ is a central plank of
“Plan Abu Dhabi 2030”, and will play a major role in Abu Dhabi’
industrial and economic diversification in serving as a key hub for large scale industrial investments that will be serviced by a state-of-the-art port, transport and other infrastructure facilities and services.