KEZAD signs lease agreement with Ducab Metals Business
(Posted on 28/05/24)
KEZAD Group, the largest operator of integrated and purpose-built economic zones, and Ducab Metals Business, a leading supplier of metals solutions in the region, has signed a lease agreement for expanding its existing manufacturing facility in KEZAD.
The 50-year lease agreement, signed in the presence of Mohamed Al Khadar Al Ahmed, CEO Khalifa Economic Zones Abu Dhabi – KEZAD Group, and Khaled Lootah, Chairman of Ducab Group, at the Make It In The Emirates Forum 2024, will see Ducab Metals Business adding 51,015 square metres to its existing 50,000 sqm facility in KEZAD for increasing high-quality copper and aluminium industrial products capacity. This expansion brings Ducab Metals Business’s presence in KEZAD to over 100,000 sqm.
The project will offer several strategic benefits, including the company's use of their proprietary best-in-class research and development to help enhance Abu Dhabi’s reputation as a hub for the new varieties of advanced metal products. The facility will certainly also create new jobs in the process.
Mohamed Al Khadar, CEO Khalifa Economic Zones Abu Dhabi – KEZAD Group said: "Ducab Metals Business is a reputable name in the industry. KEZAD Group is spearheading the progress in metal manufacturing as one of the leading industrial and economic zones in the United Arab Emirates.
"KEZAD Group is helping to pave the road for sustainable growth and innovation in the UAE's metal sector through Abu Dhabi's business-friendly policies for the advances of metal industries and investment in associated infrastructure.”
Mohamed Al Ahmedi, CEO of DMB, spoke about the expansion of their facility in KEZAD. He stated, "Our expansion in KEZAD marks a significant milestone for DMB. This move will enhance our production capabilities and enable us to service new industries such as Energy, Transport and Transformers and meet the growing demand more effectively. The strategic location and world-class infrastructure provided by KEZAD is important in driving our future growth and operational efficiency."
Ducab Metals Business, a renowned brand in the metals industry, has been a model of innovation and quality with two state-of-the-art facilities and a total installed capacity of over 235,000 tonnes of copper and aluminium metal per annum, supplying over 75 countries globally. DMB is a leader in industry and is part of Ducab Group a frontrunner in the energy sector.
Make It In The Emirates Forum, organised by the UAE Ministry of Industry and Advanced Technology (MoIAT) offers a valuable networking and knowledge exchange platform for the industrial community, both locally and internationally. The event brings together decision-makers, government and private sector officials, experts, entrepreneurs, financing entities, investors, startups, and SMEs – with the primary goal of showcasing investment opportunities within the local industrial sector.
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