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One of Abu Dhabi’s leading business groups, Al Masaood Group, has joined the ‘TA’ZIZ’ project, a key enabler of the UAE’s ambitions for industrial and logistics development.
‘TA’ZIZ’ aims to drive and facilitate the expansion of the chemical, manufacturing and industrial sectors in Ruwais Industrial Park and Abu Dhabi.
Previously, Al Masaood participated in the recently concluded “Make it in the Emirates” forum organized by the Ministry of Industry and Advanced Technology in collaboration with Abu Dhabi National Oil Company (Adnoc), Abu Dhabi Department of Economic Development (Added) and subsequently announced the This news, and other top national companies in the emirate. It has forged key partnerships to facilitate manufacturing and production processes in the UAE.
strategic project
The letter of intent signed by the group was attended by board members Tariq Ahmed Al Masaood and Masaood Rahma Al Masaood during the forum. This makes Al Masaood Group one of the first Emirati private companies to participate in this strategic project.
‘TA’ZIZ’ consists of three zones: TA’ZIZ Industrial Chemicals Zone, Light Industry Zone and Industrial Services Zone. Al Masaood’s participation will mainly focus on light industrial areas that support the service sector.
Additionally, the project will help drive Al Masaood’s Emiratisation efforts and initiatives to train Emirati talent, thereby increasing its contribution to the country’s Domestic Value Initiative (ICV). To support the national economy, the ICV focuses on job creation in the private sector and redirects most public spending to the national economy. It supports investment in research, development and advanced technologies aimed at increasing gross domestic product (GDP) and enables the Ministry of Industry and Advanced Technology to strengthen the performance and sustainability of the industrial sector.
Emirates
Ahmed Salmeen, CEO of Government Affairs, Al Masaood Group, said: “We are honoured to be part of an initiative aimed at positioning the UAE as a prime destination for industrial investment. ‘TA’ZIZ’ is critical to transforming the industrial sector and further strengthening the Emiratisation programme Important. This is critical to increasing the global competitiveness of local products and adding value to local manufacturing processes.”
“Our participation in the ‘Make it in the Emirates’ forum and ‘TA’ZIZ’ demonstrates our commitment to advancing our national economy and industry and empowering Emiratis. We will also support efforts to be more diverse, flexible and sustainable economy to lay the foundation to take our national development to a new level,” he further said.
Salmeen added: “As directed by our wise leadership, the Al Masaood Group will work with leading public and private institutions and entities to achieve our nation’s goals and ambitions, which include improving the performance of local industries and the national economy. We are also prepared to Provide the necessary training to develop our citizens as sustainability leaders in the UAE.
knowledge economy
“Furthermore, in line with Abu Dhabi’s Economic Vision 2030, the group will help the country accelerate its transition to a knowledge-based economy. We believe that ‘TA’ZIZ’ and ‘Make it in the Emirates’ will bring Al Masaood Group and the The industry in the country has also undergone fundamental changes.”
As part of “TA’ZIZ”, Al Masaood Group is researching the provision of light industrial services, including maintenance support, industrial process and facility management solutions for the service and healthcare industries. The group is also looking into supplying products for the Ruwais Industrial Park, with the possibility of setting up facilities in its light industrial zone.
Launched in November 2020, TA’ZIZ is one of the joint projects of Adnoc and ADQ to develop national industries and promote economic diversification in the UAE. Meanwhile, the Industrial Chemicals Zone is expected to be operational by 2025. arab trade news agency
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