KEZAD Group, NMDC sign Dhs367m manufacturing facility deal

Image credit: WAM

KEZAD Group, also known as Khalifa Economic Zones Abu Dhabi, has entered into an agreement with NMDC Energy to construct a 224,000-square-meter (sqm) manufacturing facility in KEZAD.

NMDC Energy plans to invest $100m (Dhs367m) in the modular fabrication manufacturing facility, which is expected to create 3,000 new jobs, as per the agreement.

The project is expected to offer several strategic benefits to the GCC region’s oil and gas sector including world-class engineering, procurement, project management, fabrication, installation and commissioning services to project owners and operators.

“The establishment of this new modular fabrication facility at KEZAD represents not just a significant investment; it mirrors our commitment to supporting the UAE’s vision of becoming a global industrial powerhouse,” said Ahmed Al Dhaheri, the CEO of NMDC Energy.

NMDC Energy operates fabrication facilities in Abu Dhabi, with a capacity to produce up to 100,000 tonnes of structural steel annually across an area of 1.3 million sqm.

The company is also expanding its capabilities with a new 450,000 sqm fabrication yard in the Saudi port of Ras Al Khair, which has a projected capacity of 60,000 tonnes per year.

NMDC Energy owns a fleet of 22 offshore vessels that support the firm’s shallow and deep-water operations. The vessels can lift structures weighing up to 4,200 tonnes and are also equipped to lay subsea cables and pipelines up to 66 inches in diameter in water depths from 10 to 2,000 metres.

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