Saudi Arabia-based Delmon Industrial Complex has signed a 50-year land lease agreement with Khalifa Economic Zones Abu Dhabi (Kezad Group), the largest operator of integrated and purpose-built economic zones, for the establishment of its new plant in ICAD III (Kezad Musaffah) area to serve the requirements of the oil and gas industry.

 

Headquartered in the port city of Eastern Province, Dammam, Delmon Industrial Complex is a part of Delmon Group, a major player in the mining, oil and gas, chemicals, construction and logistics services sectors, since its establishment in 1981.

 

According to Delmon, the setting up of the AED50 million ($13.6 million) plant in Kezad is part of its strategy to expand into the UAE, and be an integral part of Kezad’s industrial zone for the oil and gas sector to support their UAE projects.

 

Spanning around 59,000 sq m, the new plant will undertake exploration, extraction and refining activities to process minerals into specialised products suited to the oil and gas industry.

 

Kezad said the entry of Delmon Industrial Complex in ICAD III is a testament to its growing client base of manufacturers servicing the oil and gas industry, and adds impetus to its local manufacturing initiatives.

 

"The agreement with Delmon Industrial Complex opens another new chapter in our history of partnerships with well-established manufacturers expanding into the UAE," remarked Abdullah Al Hameli, the CEO of Economic Cities & Free Zones, AD Ports Group.

 

"We look forward to the beginning of a long and successful journey with them, and hope that this undertaking will support industry requirements adequately," he stated.

 

"The collaboration is part of our strategy to meet sustainable manufacturing goals in alignment with the wise leadership’s vision and enable further diversification of our economy towards resilient development and growth," he added.

 

Ahmed Sulaiman Alghunaim, the Founder of Delmon Industrial Complex, said the establishment of the new plant was an important step towards developing and expanding its business in the oil and gas sector in the UAE. 

 

"Our choice of the emirates was based on several factors, the most important of which is the significance of the sector in the country and also the good reputation of Kezad Group in providing the best services to investors," he added.-TradeArabia News Service