|22 August, 2019

Abu Dhabi Ports’ unit, AIPMA ink deal on Indian polymer investments

KIZAD signs strategic agreement with AIPMA to bolster Indian polymer industries

An aerial view of Khalifa Port is seen in Abu Dhabi April 10, 2014. State-owned Abu Dhabi Ports Co (ADPC) expects a surge in shipping traffic towards the end of this year as work on major infrastructure projects in the United Arab Emirates capital gathers pace, the company's chief executive said. Khalifa Port, built on a man-made island roughly half-way between Abu Dhabi and Dubai, came on stream in 2012 after Zayed Port, which had been serving Abu Dhabi for over 40 years, reached full capacity. Picture taken April 10, 2014. To match Interview PORTS-EMIRATES/ABU DHABI REUTERS/Stringer Image used for illustrative purpose

An aerial view of Khalifa Port is seen in Abu Dhabi April 10, 2014. State-owned Abu Dhabi Ports Co (ADPC) expects a surge in shipping traffic towards the end of this year as work on major infrastructure projects in the United Arab Emirates capital gathers pace, the company's chief executive said. Khalifa Port, built on a man-made island roughly half-way between Abu Dhabi and Dubai, came on stream in 2012 after Zayed Port, which had been serving Abu Dhabi for over 40 years, reached full capacity. Picture taken April 10, 2014. To match Interview PORTS-EMIRATES/ABU DHABI REUTERS/Stringer Image used for illustrative purpose

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UAE – Abu Dhabi Ports announced that its subsidiary Khalifa Industrial Zone Abu Dhabi (KIZAD) has signed a strategic agreement with All India Plastics Manufacturers' Association (AIPMA) to bolster Indian polymer investors to extend their geographic and economic presence through KIZAD.

The major step marks KIZAD Polymers Park as a “tailor-made manufacturing and distribution location for the industry”, according to a press release.

The agreement, which was signed earlier this month in Delhi, highlighted KIZAD Polymers Park’s access to raw materials from regional producers and connectivity through KIZAD’s major transport links that include Abu Dhabi Ports’ flagship deep-water port Khalifa Port.

Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports, said: “We look forward to hosting Indian businesses at KIZAD and supporting the location, position and business ecosystem. Our aim is to provide investors from all over the world an enabling environment to do business and a platform for growth that is unparalleled in the Gulf and the Middle East region.

“Through this agreement we will be increasing our contributions to the economy of Abu Dhabi and the UAE as a whole, and at the same time help further the UAE’s relationship with India, a long-standing economic partner of our country,” he added.

Almost 19 polymers companies are headquartered at KIZAD, including Gulf Compound Blending, Cosmoplast, Interplast, Industrium, Songwon Polysys, and Schmidt Middle East.

These firms support KIZAD’s interconnected business facilities and smart technology platforms such as Maqta Gateway, an online community business platform that Abu Dhabi Ports provides.

Source: Mubasher

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