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Abu Dhabi Ports signs contract with leading system integrator and manufacturer of refrigeration, cooling systems
Abu Dhabi - Abu Dhabi Ports has signed a Musataha Agreement with Adearestone of the leading companies in the field of refrigeration and cooling systems in the UAE and MENA region.
The agreement will allow Adearest's subsidiary Polar Specialized Industries (PSI) to set up its new manufacturing facility in Khalifa Industrial Zone (Kizad).The new plant, which will cover an area of 23,617 square metresrepresents an approximate total investment of AED 50 million.
The company will manufacture specialist products such as refrigeration skids, steel pressure vessels, steel tanks, and switch gears for refrigeration and cooling systems. The manufacturing plant will also focus on items required by companies using cold storage facilities for logistics purposes, food processing plants, oil & gas as cooling systems and refrigerated containers for oil and gas supplies.
"With Khalifa Port at its doorstep, outstanding market access and world-class infrastructure, a long-established company like Adearest will be able to benefit greatly from its new set up. With Khalifa Port's industrial, trade and logistics hub designed to provide economies of scale, Adearest will be able to expand its business reach and support clients who are already setting up their facilities in Kizad," said Capt. Mohamed Juma Al Shamisi, CEO, Abu Dhabi Ports.
"Kizad will offer our PSI facility the perfect environment to produce high quality products for our growing customer base, both in the UAE and beyond. In addition,Khalifa Port will significantly support our ambitions to further expand into the GCC and MENA region, as well as into Asia," added Hans Raaymakers, General Manager, Adearest.
Alongside offices in Abu Dhabi, Dubaiand Sharjah with various workshops across the country, Adearest/PSI has associated offices in Saudi Arabia, Kuwait, Bahrain, Jordan, Egypt, Germany and the United Kingdom.
Known for its many years of experience and specialist expertise, Adearest/PSI serve a wide range of high profile national and international clients, including Emirates Airlines, Mars, Nestle, Del Monte, Pepsi Cola, Coca Cola, Spinneys, Brazil Foods, Global Shipping, Abu Dhabi Municipality and ADNOC Group of Companies.
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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 tons 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 tons 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.
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About Adearest
Adearest/PSI is part of the privately ownedHolding Group Company Taha Investment Group (TIG) Limited. The holding company is comprised of a group of companies operating in the Middle East and North Africa (MENA) region and Europe, with focus on engineering, contracting, manufacturing, property and general investments.
ADEAREST was the first company to be established in the groupby Mr. Moussa Taha in 1969 and grew into the leading industrial refrigeration company in the MENA region.
More companies were set up by Nizar, Walid and Khaled Taha; sons of the original founder of ADEAREST. These companies focus on electromechanical businesses which complement the original industrial refrigeration business.
In 2006, TIG joined with the German GEA Group Aktiengesellschaft to form the joint venture company GRADE Grasso-Adearest Limited which, in a short period of time, went on to become the leading force in the industrial refrigeration business in the MENA region.
Further developments, investments and growth are foreseen in the MENA region and Europe under the name of TIG and via their European investment arm TIG INVEST Europe GmbH based in Hamburg, Germany.
Today TIG has grown to include companies with offices all over the operating regions with a workforce of over 1000 employees.
© Press Release 2015
