- Strategic collaboration framework agreement with ADNOC will help shape an attractive business and investment environment to support and grow the UAE conversion industry, providing potential investors with multiple options
- Parks expected to create up to 7,000 jobs and add USD 2.5 billion to GDP by 2025
- New facility will be a business hub for plastics manufacturers with easy access to raw materials and direct links to global market demand through KIZAD and Abu Dhabi’s integrated transport infrastructure
- KIZAD Polymers Park focuses on innovation and sustainability in plastic production, helping to commercialise the recycling of plastic waste
Dubai, United Arab Emirates, 6 January 2019: KIZAD, one of the fastest growing industrial zones in the Middle East and part of Abu Dhabi Ports, today launched KIZAD Polymers Park, which will form an integral part of the polymers conversion ecosystem in the Emirate.
The Park aims to be a major economic driver for the UAE, producing 300-400 kilo tonnes of plastic products a year, creating up to 7,000 new jobs, and contributing USD 2.5 billion to GDP by 2025. The potential export market for the Park is estimated at USD 500 million annually, and it will ensure Abu Dhabi is a hub for developing the latest innovations in sustainability and technology in the industry, including new and advanced and polymer technologies, such as composites and 3D printing.
The strategic collaboration framework between Abu Dhabi National Oil Company (ADNOC) and KIZAD Polymers Park aims to accelerate investment and innovation in the region’s plastics industry. The collaboration aims to offer companies swift and cost-effective access to polymers as well as the option to invest in the Ruwais Conversion Park – an initiative that will take shape over the next few years. Having the state-of-the-art Khalifa Port on its doorstep also provides KIZAD Polymers Park access to polymers distribution, logistics, storage and trading across the globe, as well as ensuring raw material supply from other polymers producers in the region and globally. Meanwhile, the Ruwais Conversion Park will provide opportunities for downstream conversion of materials that may be economically challenged to transport over longer distances for further conversion. The investor will have the ultimate flexibility to establish a diverse set of long-term competitive facilities between these two sites.
These initiatives further support and build on Abu Dhabi’s ambition to become a global hub for polymers conversion. The joint efforts by both entities also aim to create a sustainable and competitive industrial landscape in Abu Dhabi.
KIZAD Polymers Park will cater to a variety of different polymers segments, including industrial use, such as packaging, construction, and semi-finished products; end-use customers, such as household goods, agriculture and hygiene products; material science, including compounded and composite materials, and 3D Printing. Crucial to supporting the circular economy are polymer recycling companies. The Park will host a vibrant polymers ecosystem, including diversified polymers space and raw materials, production systems and technical support, polymers distribution and trading, and logistics.