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Khalifa Economic Zones Abu Dhabi (Kezad), Abu Dhabi’s integrated economic and industrial hub, has signed a land lease agreement with Spain’s Tubacex Group to develop a 50,000 sqm OCTG-CRA Tube Solutions manufacturing unit within its facilities.
The plant, the first of its kind in the Middle East, is expected to be operational by the end of 2024.
OCTG (oil well tubing) is tubing used in onshore and offshore oil and gas production, while corrosion-resistant alloys are metals designed to resist degradation by oxidation or other chemical reactions.
CRA composite steel pipe is composed of conventional carbon steel or low alloy steel pipe and corrosion resistant alloy layer.
Tubacex, a global leader in the design, manufacture and installation of advanced industrial products and high value-added services for the energy and transportation sectors, has established a significant presence in the UAE with its production facilities located in Dubai.
The Spanish group brings value to its customers through its global presence, with production plants and service centers in Spain, Austria, Italy, USA, India, Thailand, Saudi Arabia, Norway, Canada, Singapore, Guyana and Kazakhstan.
This new facility will enable Tubacex to establish a strong presence in the UAE while gaining access to its global network of clients.
According to Kezad, the company provides a wide range of stainless steel tube solutions to the energy market and operates as a fully integrated one-stop shop.
Abdullah Al Hameli said: “KEZAD continues to welcome top-notch companies to establish operations in Abu Dhabi as we progress towards our goal of becoming the region’s leading manufacturing and innovation hub. Tubacex Group’s global leadership in tubular solutions aligns with our The vision for industrial excellence is a perfect fit. Our infrastructure and services will help the company strengthen its offerings and benefit not only the Abu Dhabi industrial ecosystem, but the region and the world from its base in KEZAD.”
The agreement was signed by Abdullah Al Hameli, CEO of Economic Cities and Free Zones, and Jesús Esmorís, CEO of Tubacex Group, at the recent Make it in Emirates forum in the presence of Dr. Sultan bin Ahmed Al Jaber, Minister of Industry. Advanced Technology, and Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group.
Esmorís said: “We are delighted to establish our presence in Abu Dhabi, as the UAE, and Kezad in particular, has always proven to be the right location to offer global clients an excellent operational framework and connectivity.”
“With this investment, we are expanding our existing footprint in the UAE, which is at the heart of a key global energy hub. Tubacex will implement the industry’s most advanced, sustainable manufacturing technology in Abu Dhabi, ensuring the supply of the needed The key component is that the UAE will meet its growing gas production targets, which play a vital role in the energy transition landscape,” he added.trade arab news agency
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