PHOTO
New facility branded as "iNGENIUM" at Kizad, will deliver precision automated engineering and fabrication for the regional oil & gas sector
Abu Dhabi - Abu Dhabi Ports has welcomed SIDDCO Group's latest venture iNGENIUM to Khalifa Port's industrial zone (Kizad) as its latest investor.
The AED 130 million Musataha Agreement was signed by Mohamed Juma Al Shamisi, CEO Abu Dhabi Ports, and Mr. Zakee Siddiqi, Chairman & CEO SIDDCO Group, under the patronage of H.E. Giorgio Starace, Italian Ambassador to the UAE, H.E Umberto Bernardo, Deputy Italian Ambassador to the UAE, and in the presence of notable guests, Mr. Stefano Pinca, Middle East Project Manager for the Italian Institute of Welding, and Mr. Marco Ferioli, Head of MENA Region for SACE, among other dignitaries.
iNGENIUM, a subsidiary of the well-establishedSIDDCO Group, will set-up a state of the art facility in Kizad, envisaged to generate more than a million man-hours per annum, with a fully automated production plant utilising cutting-edge Italian technology to manufacture intricate equipment in various formats and metallurgies.
Commenting on the signing ceremony, H.E. Giorgio Starace, Italian Ambassador to the UAE congratulated SIDDCO by saying that this Musataha agreement is indeed "another prominent example of what the 'strategic partnership' between Italy and the UAE means: the excellence of Italian machinery coupled with Abu Dhabi Ports'technologically advanced Khalifa Port and state-of-the-art industrial zone, along with SIDDCO's superb management to the mutual benefit of Italian and UAE economic and industrial growth".
The iNGENIUM site is spread over a plot covering 122,000 square meters, with direct access to Kizad's modular path, a dedicated road for moving over-sized equipment between the investors' facility and Khalifa Port, in a swift, safe, and economical manner.
"Continuous growth in the oil and gas sector has led to the demand for companies like iNGENIUM to establish manufacturing facilities in the region. The supply chain efficiencies offered by Khalifa Port and its industrial zone as well as its exceptional infrastructure and transportation network will make a significant difference to iNGENIUM's business operations. The new facility will cater to the oil and gas industry's growth and create business opportunities and jobs in the Emirate, directly supporting the diversification of our nation's economy" said Mohamed Juma Al Shamisi, CEO, Abu Dhabi Ports.
iNGENIUM's built-up area will include a production unit, modular equipment assembly unit, a Non Destructive Test unit, an office block, a training centre, as well as a community centre to continually enhance the quality of human resources.
Zakee Siddiqi, Chairman & CEO SIDDCO Group, stated, "Through extensive use of automation in the production line and robust investment in our people and in first-class Italian machinery, iNGENIUM will deliver enhanced efficiency and reliable engineering. Our ongoing investments in Italian machinery have proved extremely beneficial in ensuring uniformity in quality and precision."
There is a growing need for the engineering and fabrication of storage tanks, pressure vessels, heat exchangers and modular equipment.
"Most of this equipment is currently manufactured internationally- which incurs associated lead times, transport and labour costs. By setting up our new facility iNGENIUMin Abu Dhabi, it will act as a facilitator for such projects to be carried out in the MENA region instead"he added.
-Ends-
About Abu Dhabi Ports
Established in 2006, Abu Dhabi Ports' core objective is to facilitate the diversification of the economy by stimulating trade and development. This is done by delivering high quality maritime services, supporting partners' infrastructure projects and setting up new companies and joint ventures in the ports and logistics sectors.
The flagship state-of-the -art Khalifa Port and Khalifa Industrial Zone play a big role, supporting the diversification of the economy. Khalifa Port was inaugurated on 12/12/12 by UAE President HH Sheikh Khalifa bin Zayed Al Nahyan. The port's semi-automated container terminal handles all of Abu Dhabi's container traffic, after its transfer from Zayed Port, the historic port in the city centre.
Phase One of Khalifa Port has a capacity of 2.5 million TEUs and 12 million tonnes of general cargo. Further phases of development will occur as market demand requires. When all phases are complete, Khalifa Port will be able to handle 15 million TEUs and 35 million tonnes of general cargo per year.
Abu Dhabi Ports manages nine commercial, logistics, community and leisure ports, and Khalifa Industrial Zone which is serving a range of logistics and manufacturing investors.Abu Dhabi Ports is boosting Abu Dhabi's economic growth and diversification, following Abu Dhabi's Economic Vision 2030.
Follow us on twitter: @AbuDhabiPorts
© Press Release 2015
