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Khalifa Port to support UAE's largest precast concrete company
Abu Dhabi - Abu Dhabi Portshas signed a Musataha agreement withGulf Precast, the largest precast concrete company in the UAE, which will be investing AED 50 million to set up its new precast concrete manufacturing plant at Khalifa Port's Industrial Zone (Kizad).
The new facility, which will be Gulf Precast's seventh plant in the UAE, will cover an area of around 72,000sqm and focus on the production of high quality precast concrete elements, predominantly for the local construction industry.
"The commitment of high calibreorganisations like Gulf Precast confirms the business advantages and value added offerings of Khalifa Port and Industrial Zonethe Demand for precast concrete in the construction sector is on the risedue to the increasing number of projects in the country. We are able to support organizations like Gulf Precast to grow their operations and meet this demand both within the Emirates and abroad,capitalising on the integration of Khalifa Port with Kizadand the excellent intermodal transportation network available," said Capt. Mohamed Juma Al Shamisi, CEO, Abu Dhabi Ports, and Chairman, Board of Directors, Kizad.
"Our new manufacturing facility in the Khalifa Industrial Zone will further strengthen our market presence and enhance our service offerings to successfully cater to the entire spectrum of high profile construction projects. Kizad's strategic location will expand our reach within the Emiratesand support our plans to penetrate international markets through Khalifa Port," added Elias Seraphim, CEO of Gulf Precast.
Recently, Gulf Precast has started building additional precast plants in the Kingdom of Saudi Arabia and is in the planning stages of expanding within other countries in the GCC region and North Africa.
With projects like the Al Falah Community Development, Palazzo Versace, IKEA and Dubai Mall as part of the company's broad portfolio, Gulf Precast enjoys an excellent reputation across the UAE and beyond.
Gulf Precast's new manufacturing plant is set to commence operations in April 2016.
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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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© Press Release 2015
