Kizad Polymers Park to add $2.5bn to UAE GDP by 2025

Abu Dhabi / Emirates Business

Kizad, one of the fastest growing industrial zones in the Middle East and part of Abu Dhabi Ports, on Sunday launched Kizad Polymers Park, which will form an integral part of the polymers conversion ecosystem in the emirate.
The park aims to be a major economic driver for the UAE, producing 300-400 kilo tonnes of plastic products a year, creating up to 7,000 new jobs, and contributing $2.5 billion to GDP by 2025.
The potential export market for the park is estimated at $500 million annually, and it will ensure Abu Dhabi is a hub for developing the latest innovations in sustainability and technology in the industry, including new and advanced and polymer technologies, such as composites and 3D printing.
The strategic collaboration framework between Abu Dhabi National Oil Company (Adnoc) and Kizad Polymers Park aims to accelerate investment and innovation in the region’s plastics industry.
The collaboration between the two entities aims to offer companies swift and cost-effective access to polymers as well as the option to invest in the Ruwais Conversion Park — an initiative that will take shape over the next few years.
Having the state-of-the-art Khalifa Port on its doorstep also provides KIzad Polymers Park access to polymers distribution, logistics, storage and trading across the globe, as well as ensuring raw material supply from other polymers producers in the region and globally.
Captain Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports, said: “Through this strategic collaboration framework with Adnoc, Kizad is helping Abu Dhabi become a major global hub for polymers conversion, supporting industrial diversification across the UAE in support of Abu Dhabi Economic Vision 2030.”
Abdulaziz Alhajri, Director, Adnoc Downstream Directorate, said: “Adnoc is proud to collaborate with Abu Dhabi Ports and Kizad to further strengthen and develop the UAE’s conversion industry.”