Khalifa Industrial Zone Abu Dhabi (Kizad) announced that it has signed a long-term land rental agreement with UAE-based Cast Aluminium Industries (CAI) estimated to be worth more than Dhs33 million.
The mid-stream aluminium producer and recycler will now be allocated a 355,209 sq ft plot of land in Kizad’s aluminium cluster and will operate close to the zone’s anchor aluminium investor, Emirates Aluminium (Emal).
CAI, whose clients include Dubal, Emal, Alba and Qatalum, expects to commence operations in Kizad in the third quarter of 2014. It aims to initially export 300 TEUs (containers) annually from the adjacent Khalifa Port.
The company specialises in aluminium dross recycling and will be the first to represent “horizontal integration” in Kizad’s aluminium cluster.
Khaled Salmeen, Kizad’s CEO and managing director said: “Recycling is not a common initiative in the industrial business, therefore securing Cast Aluminium as a partner, that will play a leading role in waste-recovery management, will change the nature of this business in the UAE.”
Kizad, which is part of Abu Dhabi Ports Company’s Dhs26.5 billion megaproject, has signed deals with over 50 local and global companies, Salmeen told Gulf Business earlier this year.
He said that the companies that had signed the agreements were at different stages of their engineering.
“Emirates Aluminium (Emal) is already operational and in phase II. They started simultaneously because they are building a massive project, spread across six square km, even bigger than Manama.”
Stretching over 417 square km, Kizad was launched in 2010 and targets the aluminium, steel, trade and petrochemicals industries.