“KIZAD” and “Energy – NMDC” sign a Musataha agreement to develop an industrial facility

Khalifa Economic Zones Abu Dhabi – Kizad Group announced today the signing of a Musataha agreement with Energy – NMDC, a subsidiary of the NMDC Group, to establish a new industrial facility in Kizad.

Under the 50-year Musataha agreement, Energy – NMDC will invest 367 million dirhams in developing a new industrial facility on an area of ​​224,000 square meters in Kizad dedicated to modular manufacturing.

This strategic project adds many advantages to the regional oil and gas sector, including providing world-class engineering, procurement, project management, fabrication, installation and commissioning services to project owners and operators. The facility will also provide an estimated 3,000 new job opportunities.

Mohammed Al Khader Al Ahmad, CEO of Khalifa Economic Zones Abu Dhabi – Kizad Group, said that the Kizad Group always seeks to develop the capabilities of the maritime sector in the country by supporting the expansion of national assets such as the ‘NMDC’ in the Emirate of Abu Dhabi, in line with the vision of the wise leadership and national aspirations, pointing out “Energy – NMDC” is one of the prominent companies in the field of marine engineering and manufacturing.

For his part, Ahmed Al Dhaheri, CEO of “Energy – NMDC”, said that the partnership represents an important achievement for “Energy – NMDC”, as it confirms its commitment to growth and industrial innovation in the country, explaining that the new facility in Kizad represents a major investment that embodies the keenness to support the vision of The UAE is to transform into a global center for industrial excellence, expressing his aspiration to attract new capabilities to the company, and to integrate advanced technologies and processes that shape the future of the oil and gas industry and the economic diversification of the country.

Energy – NMDC owns modern industrial facilities in the Emirate of Abu Dhabi, with a production capacity of 100,000 tons of structural steel every year on an area of ​​1.3 million square meters. The company is also expanding its capabilities through a new 450,000 square meter manufacturing yard in Ras Al Khair Port in Saudi Arabia, which is expected to have a production capacity of 60,000 tons annually by 2026.

The company also owns a fleet of 22 marine vessels equipped with modern facilities to support its operations in shallow and deep waters. It has the ability to lift structures weighing up to 4,200 tons. It is also equipped to lay subsea cables and pipelines, with a diameter of up to 66 inches at depths of 10. meters to 2.000 metres.