Abu Dhabi Ports announced that the number of companies working in the field of plastics industry within the city’s industrial and Khalifa Industrial Zone Abu Dhabi (KIZAD) free zone has a total of 95 factories occupying an area of 3.45 square kilometers.
The industrial cities and free zone sector of the Abu Dhabi Ports extends over an area of 550 square kilometers of industrial and commercial areas, and includes more than 1,500 local, regional, and international companies, with a total investment of over 140 billion dirhams, with several leading companies looking to invest in the plastic sector, especially in KIZAD and ZonesCorp, the largest operator of purpose built zones in the UAE – a regional center for many of the largest international companies operating in the plastics sector.
According to reports issued by Mumbai-based Fortune Business Insights, the leading publisher of market research reports and custom services, the global market value of the plastics sector indicates a growth from $439.28 billion in 2021 to $616.82 billion by 2028, at a compound annual growth rate of 5%.
Abdullah Al Hameli, Head of the Industrial Cities and Free Zone Cluster of the Abu Dhabi Ports, pointed to the great recovery and development witnessed by the plastics sector in the UAE, stressing that the Abu Dhabi Ports is working with its strategic partners to accelerate investment in this sector at the regional level and employ innovation to develop it.
“Abu Dhabi Ports is committed to playing an effective role in supporting the comprehensive national strategy for industry and technology, and we continue to work under the directives of our wise leadership to achieve its goals of developing the industrial sector and enhancing its role in supporting the national economy.” The group contributes significantly to transforming the Emirate of Abu Dhabi into a leading global center for the plastics industry and supporting efforts for industrial diversification in the country through its modern industrial facilities and advanced infrastructure supported by integrated logistical services, which allows meeting all the needs of investors and facilitating their access to raw materials in a fast and efficient manner.
Throwing more light on the subject, Mohamed Al Khadar Al Ahmed, CEO at ZonesCorp, said, “The plastics complex within the industrial cities and free zone cluster has been designed in a way that ensures that the needs of this industry are met at the global level, and since its establishment in 2019, has witnessed many successive developments that have contributed to the consolidation of its position as a catalyst, that has been key to the sector’s growth in the UAE.”
“Our great keenness to implement our ambitious plans aimed at consolidating the position of the Emirate of Abu Dhabi as a global center for the plastics sector by 2025, and to contribute effectively to supporting the gross domestic product and providing more job opportunities, is reflected in the deepening of partnership and cooperation relations with stakeholders throughout the value chain, including plastics manufacturers, manufacturers of plastic products, and many providers of support services to the sector,” adds Al Ahmed.
The plastics complex is strategically located and provides advanced logistical services, enabling institutions operating within it to enter new markets and enhance their ability to produce up to 400,000 tons of plastic products annually, providing great value to local and regional companies.
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