The Kezad Group and Global Fluorine deal is part of the UAE's efforts to expand its industrial base. Photo: Wam
The Kezad Group and Global Fluorine deal is part of the UAE's efforts to expand its industrial base. Photo: Wam
The Kezad Group and Global Fluorine deal is part of the UAE's efforts to expand its industrial base. Photo: Wam
The Kezad Group and Global Fluorine deal is part of the UAE's efforts to expand its industrial base. Photo: Wam

Abu Dhabi's Kezad signs lease agreement with Global Fluorine for $272m factory expansion


Sarmad Khan
  • English
  • Arabic

Khalifa Economic Zones Abu Dhabi (Kezad Group), the largest operator of integrated economic zones in the UAE, has signed a lease agreement with Global Fluorine Chemical to build phase two of its factory that will triple the company’s production capacity.

The Dh1 billion ($272.5 million) expansion of the factory in Kezad Mussafah will be built on a 120,000 square metre plot of land next to its existing 100,000 square metre centre, state news agency Wam said on Monday.

The expansion will allow Global Fluorine to add four more speciality chemical products to its portfolio for clients in the UAE and beyond.

The agreement is in line with the UAE's aim of developing a circular economy, allowing Global Fluorine to procure raw materials for its premium refrigerants locally.

The factories will be strategically located to use the services offered by AD Ports Group as well as Kezad Group to expand its customer base abroad, the report said.

The growth and expansion of a “premier refrigerant manufacturer within Kezad”, is part of the country’s efforts to continue to develop integrated business ecosystems, and ensure that “industrial development goes hand in hand with environmental responsibility”, Abdullah al Hameli, chief executive of Economic Cities and Free Zones, AD Ports Group, said.

“We proactively take into consideration the future growth of clients and ensure that there is always ample space available for their expansion.”

The deal, signed in the presence of Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and President-designate of Cop28, and Mohamed Al Shamisi, chief executive of AD Ports Group, underscores the Ministry's efforts to “strengthen supply chains' localisation and resilience in line with Operation 300bn”, AD Ports Group said.

“As part of the UAE's Net Zero by 2050 strategic initiative, it also exemplifies the practical measures being implemented to assist the industrial sector's [gross domestic product] contribution and promote sustainable industrial growth in line with the Cop28 objectives,” it added.

The UAE is expanding its industrial base as part of its Operation 300bn strategy, which aims to more than double the contribution of the industrial sector to economic output from Dh133 billion in 2021, to Dh300 billion ($81.68 billion) by 2031.

Operation 300bn aims to support 13,500 small and medium enterprises in the next decade.

AD Ports launched Kezad Group in September to consolidate and grow its Economic Cities and Free Zones offering. Photo: Kezad
AD Ports launched Kezad Group in September to consolidate and grow its Economic Cities and Free Zones offering. Photo: Kezad

“This signing emphasises the abundant opportunities accessible to all organisations and contributes substantial value to the manufacturing sector in the UAE,” Haojjin Shi, chief executive of Global Fluorine, said.

“By integrating this unit, our factory gains full control over our value chain, empowering us to capitalise on Kezad’s versatile platform, which facilitates advanced manufacturing capabilities.”

AD Ports launched Kezad Group in September to consolidate and grow its Economic Cities and Free Zones offering, as it seeks to strengthen the emirate's position as an industrial and manufacturing centre.

The company's Khalifa Industrial Zone Abu Dhabi and ZonesCorp ― specialised economic zones ― have been integrated into Kezad Group, which comprises 12 economic zones with a total area of 550 square kilometres, including 100 square kilometres designated as free zones.

Launched in 2020, Global Fluorine is the latest company to set up or expand existing production facilities in Kezad Group-operated free zones.

In April, Kezad signed a 50-year land lease agreement with Al Ghurair Foods to set up three food processing projects with total investments worth more than Dh1 billion to enhance the UAE’s food production capabilities and food security.

In December, the Kezad Group signed a preliminary agreement with Dana Steel for the establishment of a new steel plant in Abu Dhabi.

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Aaron Finch (captain), Ashton Agar, Alex Carey, Pat Cummins, Glenn Maxwell, Ben McDermott, Kane Richardson, Steve Smith, Billy Stanlake, Mitchell Starc, Ashton Turner, Andrew Tye, David Warner, Adam Zampa

MOUNTAINHEAD REVIEW

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Rating: 3.5/5

Key facilities
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  • Premier League-standard football pitch
  • 400m Olympic running track
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UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
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Fujairah is a crucial hub for fuel storage and is just outside the Strait of Hormuz, a vital shipping route linking Middle East oil producers to markets in Asia, Europe, North America and beyond.

The strait is 33 km wide at its narrowest point, but the shipping lane is just three km wide in either direction. Almost a fifth of oil consumed across the world passes through the strait.

Iran has repeatedly threatened to close the strait, a move that would risk inviting geopolitical and economic turmoil.

Last month, Iran issued a new warning that it would block the strait, if it was prevented from using the waterway following a US decision to end exemptions from sanctions for major Iranian oil importers.

HOW TO WATCH

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  • Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
  • Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
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  • Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
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Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

THE SPECS

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Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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Tips for taking the metro

- set out well ahead of time

- make sure you have at least Dh15 on you Nol card, as there could be big queues for top-up machines

- enter the right cabin. The train may be too busy to move between carriages once you're on

- don't carry too much luggage and tuck it under a seat to make room for fellow passengers

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SPECS

Nissan 370z Nismo

Engine: 3.7-litre V6

Transmission: seven-speed automatic

Power: 363hp

Torque: 560Nm

Price: Dh184,500

Sonchiriya

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MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

Updated: July 10, 2023, 12:05 PM`