Launched earlier this month, the new Kizad Polymers Park is set to increase traffic through the nearby Khalifa Port in Abu Dhabi. The potential export market for the Park is estimated as being worth around US$ 500 million annually, most of which would be channeled through the port.
The new facility is conceived as being a business hub for the plastics industry, at a location that will give clients easy access to raw materials and excellent connectivity to global markets, using Abu Dhabi’s transportation infrastructure.
According to Captain Mohamed Juma Al Shamisi, Chief Executive of Abu Dhabi Ports, “Polymer markets are growing fast owing to high demand for these products. At Abu Dhabi Ports we are working through Kizad to address the needs of companies operating in the polymer sector via world-class logistics services, warehouses, and integrated infrastructure, as well as sustainability initiatives to put an end to plastic waste.”
A strategic collaboration framework has been signed between Abu Dhabi National Oil Company (ADNOC) and Kizad Polymers Park, which will become part of the Abu Dhabi Ports Group. This collaboration aims to accelerate investment and innovation in the region’s plastics industry. The partners believe that having Khalifa Port on its doorstep will provide Kizad Polymers Park clients with seamless access to polymer distribution, logistics, storage and trading services across the globe, as well as ensuring access to raw materials from other polymer producers, both in the region and globally.