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Khalifa Financial Zones Abu Dhabi (KEZAD Group), a subsidiary of AD Ports Group, has signed two land lease agreements of greater than AED1.1 billion (US$300 million) funding with Jindal SAW Group and Haldiram Group – two main Indian world companies.
Collectively, the 2 firms will develop greater than 514,000 sq. metres of producing services in KEZAD Al Ma’mourah and ICAD KEZAD Musaffah.
Their investments reinforce Abu Dhabi’s place as a rising centre for superior manufacturing, meals manufacturing, and energy-related industries, whereas supporting the targets of the Abu Dhabi Industrial Technique and the UAE’s diversified financial progress.
Abdullah Al Hameli, CEO, Financial Cities and Free Zones, AD Ports Group, commented: “We’re delighted to welcome Haldiram International and Jindal Noticed to KEZAD.
“Their belief displays the power of Abu Dhabi’s industrial ecosystem and the boldness worldwide traders place in our means to help superior manufacturing at scale. These initiatives will create expert jobs, deepen sector capabilities, and reinforce our dedication to sustainable industrial progress throughout the UAE.”
Each initiatives align with the Abu Dhabi Industrial Technique by enhancing native manufacturing capabilities, driving know-how adoption, and growing worth addition. The mixed funding will strengthen KEZAD’s meals, metals, and energy-related clusters whereas contributing to job creation and sector diversification.
Jindal Noticed Group, a number one world producer of metal pipes, tubes and fittings will increase its presence in ICAD – KEZAD Musaffah, with a brand new 300,000 MTPA seamless pipe manufacturing facility.
Haldiram Snacks Meals Non-public Restricted, the US$10 billion Indian sweets and snacks large, will set up its first manufacturing hub in MENA, by means of its subsidiary. The brand new facility, unfold over roughly 114,000 sq. metres in KEZAD Al Ma’mourah.
Jindal Noticed’s AED1 billion (US$270mn) growth, masking roughly 400,000 sq. metres, will give attention to the manufacturing of metal seamless tubes, fittings, and pipes, in addition to precision machining and steel forming. These high-precision merchandise are designed for the exploration and transportation of oil and gasoline, serving each regional and worldwide markets.
PR Jindal, Chairman of Jindal SAW Group, commented: “Our enduring partnership with KEZAD Group has been pivotal in accelerating our regional progress. Increasing our Abu Dhabi operations is a big achievement for Jindal SAW, reinforcing our dedication to innovation and serving world vitality markets.
“KEZAD’s built-in infrastructure, connectivity and investor-friendly surroundings present a sturdy platform for our future growth.”
The land lease settlement marks a significant milestone in Haldiram’s worldwide growth technique.
Haldiram’s funding, to the tune of AED150-200 million (US$41-54 million) will result in upto 11 distinct manufacturing strains catering to various world client preferences. The venture is predicted to create greater than 300 jobs.
Manohar Lal Agarwal, Chairman, Haldiram Group, stated: “Establishing our manufacturing base in KEZAD aligns with our imaginative and prescient to succeed in new markets with effectivity and reliability.
“Abu Dhabi’s superior infrastructure, supportive regulatory surroundings, and KEZAD’s provide chain efficiencies and world-class logistics make it the proper base for our growth into the Center East, and North African markets.”
The agreements had been signed throughout KEZAD Group’s go to to Mumbai as a part of the Abu Dhabi Funding Discussion board – Mumbai, organised by the Abu Dhabi Funding Workplace and Abu Dhabi Division of Financial Improvement.
Buyers profit from KEZAD’s multimodal connectivity by means of Khalifa Port, Etihad Rail, and main highways, supported by aggressive working prices and an investor-friendly surroundings, together with creating greater than 300 jobs
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