LONG-TERM AGREEMENT WITH INDUSTRIAL ZONE WORTH OVER AED 18 MILLION
Khalifa Industrial Zone Abu Dhabi (Kizad) announced today the signing of a 50-year Musataha agreement with Emirates Calcium Carbonate Factory (ECCF), the largest manufacturer of calcium carbonate in the United Arab Emirates. This long-term agreement, worth over AED 18 million, was signed by Engineer Khaled Salmeen, CEO and Managing Director of Kizad, and Rushdi G. Saqqa, Operations Manager and Partner at ECCF.
As part of the agreement, ECCF will be allocated a 215,200 sq.ft plot of land in the mixed use cluster of Kizad Area A, where ECCF will use the land to set up a new plant to manufacture and distribute calcium carbonate products to oilfield industries across the UAE and the region. Calcium carbonate can also be used in steel production, the manufacturing of paper, paints and dyes, water and industrial waste treatment, sugar extraction and the reduction of acidity of soil used for agricultural purposes.
Commenting on the new signing, Khaled Salmeen said:
“Kizad is proud to welcome UAE’s biggest calcium carbonate manufacturer in our mixed use cluster. We are confident that with Kizad’s outstanding access to global markets, and its low operating cost environment, Emirates Calcium Carbonate Factory will be well positioned to capitilize on the business potential in the GCC and, in parallel, grow their MENA region potential”.
On behalf of ECCF, Saqqa confirmed that:
“Over the last 20 years, ECCF has established itself as the supplier of choice for quality calcium carbonate to clients across the Middle East and North African region. Our expansion into Kizad comes naturally as we grow our offering in a bid to serve clients in the paints, plastics and rubber industries as well as several other specialty product industries”.
ECCF officially launched its operations in 1993 in Ajman, UAE, with a single piece of equipment. They plan to commence commercial operations of their new manufacturing plant in Kizad by February 2014.
Commenting on their growth plans, Saqqa concluded that, “Kizad’s unique service offering and unparalleled connectivity, paired with our experience and state-of-the-art machinery will, no doubt, contribute to ECCF’s aggressive growth plans for the next five years allowing us to tap many new markets. We are looking forward to serving clients in the oil, paper and plastic industries in the region from this flourishing platform in Abu Dhabi”.