Lease contracts signed with 5 new companies in 2014

Advance Turbine Technologies and International Golden Group among the new companies now at TIP

TIP rapidly becoming known as the Middle Eastern hub for the defence manufacturing, aerospace and oil & gas industries

Abu Dhabi, UAE; 25 February 2015: Tawazun Industrial Park (TIP) is attracting ever more companies to set up in the park, which is becoming known as the Middle Eastern hub for defence manufacturing, aerospace and the oil & gas industries.

The park signed leases with five new tenants in 2014, and the country's focus on industrialisation means that more industries are looking for space this year, according to Rashed Al Darmaki, the Chief Executive Officer of TIP.

"The park presents a unique opportunity for defence and precision manufacturing companies looking to create a base in the region. It offers a 'plug and play' solution whereby companies can take advantage of shared resources riding on highly advanced infrastructure in a secure site surrounded by peer organizations. Our tenants are offered a world-class industrial zone with a broad range of benefits and access to a number of important regions."

"We're investing heavily in the site to expand our infrastructure that has already attracted overseas investors. We believe that TIP is a very appealing proposition for companies eyeing this region as their next operational hub," he added.

Al Darmaki added that TIP's infrastructure is primarily designed for the defence manufacturing sector. This focus has a knock-on effect, and basic metal, precision manufacturing, aerospace and the oil & gas service companies have also moved to the park.

Nimr Automotive - which manufactures vehicles for international armed forces and internal security organizations - is currently building one of the largest facilities in TIP. Due for completion at the end of 2015, the Nimr facility will be spread over 3.5 hectares.

Tawazun Precision Industries (TPI) is expanding its operations through a new facility for their project with Boeing Defense, Space & Security, which will see the partnership focus on surface finishing of aluminium and titanium.  Advance Turbine Technologies - a Mubadala and Liburdi project - is also operating from TIP.

TIP has also signed a contract with the International Golden Group to consolidate a range of activities into a single compound.  

Staff working in various companies in TIP thrive in a vibrant community with various events, sports and fitness activities around the year.

"TIP provides the infrastructure and support for companies to establish and operate a successful operation. We offer holistic industrial real estate solutions in one single site. It is a community environment that not only offers industrial land, workshops, offices and staff accommodation to these projects, but also provides project planning, development support and on site facility maintenance services. Additionally, our Investor Relations offers a single point of contact for tenants to assist them by offering operational support.  Our strategic location provides access to all major ports, airports and highways, " added Mr Al Darmaki.

The park also fulfils its environmental and social responsibility mandate.  An on-site Sewage Treatment Plant (STP) provides the irrigation water for landscaping. The landscaping is carefully balanced between soft and hard to meet all irrigation requirements through the STP only. 

-Ends-

About Tawazun Industrial Park
TIP is strategically located within easy reach of Abu Dhabi and Dubai, two of the fast-growing cities in the region, and their associated key transport hubs. TIP offers a world-class industrial zone with a broad range of benefits, flexible space and a supportive business environment. Our partners capitalize on operational efficiencies via a 'one stop shop' turnkey solution service which supports their licensing, real estate, human capital and support needs. They also enjoy tariff-free access to the Gulf Cooperation Council (GCC) and Middle East and North African (MENA) markets due to UAE Free Trade Agreements in place.

The UAE has developed a reputation as a highly attractive business destination in the Middle East. Fiscally, there is no corporation or personal income tax scheme. 100% repatriation of investors' capital is guaranteed under federal law. No duty is liable on the importation of machinery, equipment and raw materials for production either, which adds to the commercial competitive advantages that our partners enjoy. TIP Investors also benefit from an efficient expedition of the necessary government licensing procedures.

TIP offers an expansive portfolio of services designed to support its investors. Real estate services include industrial land for self-build, customized pre-built manufacturing units, built to lease facilities, warehouses, fully-furnished office space and a range of staff accommodation, all contained within a highly-secure, purpose-built community style environment. Investors benefit from a supportive operational environment through shared services such as regulatory support, project management, on-site facility maintenance, procurement and logistics, IT, prototyping and testing and training facilities. A skilled human capital base through our ongoing investment in local talent selection, training and up-skilling is accessible to our Investors.

TIP offers a community environment with shared areas and facilities including restaurants, leisure facilities and recreational open spaces and parks, all of which contribute to a sense of shared purpose and dynamism.

Designed primarily to support defence related manufacturing TIP supports the UAE's long-term ambitions to develop specialist areas of expertise in key industries and TIP is a unique proposition in a region which is fast becoming ever more important on the world stage.   TIP focuses on a few specialized sectors of the industry:

  • Defence related manufacturing

  • Base Metal industry

  • Precision Manufacturing

  • Aerospace

  • Oil & Gas support & service industry

About Tawazun
Tawazun was borne out of the Tawazun Economic Council in 2007 to develop ventures through industrial partnerships and strategic investments that add value to the UAE's industrial manufacturing sector across a number of areas: defense & aerospace, automotive, munitions, metals and technology.

Tawazun has established itself as an active industrial investor both locally and internationally by partnering with a selection of world-class market leaders to build skills, expertise, products and systems in the UAE. Its investment strategy is designed to drive change within the marketplace, while its aim is to inspire emerging companies by providing strong and consistent support to aid their future expansion.

For more information, please contact:
Ahmet Lutfi Varoglu
Advisor, Business Development & GHQ Relations
Email: avaroglu@tawazun.ae
Saif Ali Al Marzooqi
Associate Director - Corporate Communications
Email: salmarzooqi@tawazun.ae

© Press Release 2015