Khalifa Industrial Zone Abu Dhabi (KIZAD) has signed an agreement with All India Plastics Manufacturers? Association (AIPMA) to support Indian polymer investors in expanding their geographic and economic reach through KIZAD
The agreement underscored KIZAD Polymers Park?s access to raw materials from regional producers and connectivity through KIZAD?s major transport links, which include Abu Dhabi Ports? deep-water port, Khalifa Port as well as international airports.
Commenting on the agreement, Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports, said, ?We look forward to hosting Indian businesses at KIZAD and supporting the location, position and business ecosystem. Our aim is to provide investors from all over the world an enabling environment to do business and a platform for growth that is unparalleled in the Gulf and the Middle East region. Through this agreement we will be increasing our contributions to the economy of Abu Dhabi and the UAE as a whole, and at the same time help further the UAE?s relationship with India, a long-standing economic partner of our country.?
Samir Chaturvedi, CEO, KIZAD, said,?This agreement is an excellent step towards supporting the growth of India?s massive plastics and polymers businesses. KIZAD Polymers Park has been specifically designed to enable this sector to be cost-effective and time-efficient in an ideal strategic location which has the perfect logistics for companies to expand or enter into foreign markets.?
Meela Jayadev, president of AIPMA said,?India has an enormous plastic and polymers manufacturing industry and the UAE is one of our top five import markets. The MoU with KIZAD and the potential to work with them to increase our mutual opportunities in new markets is an excellent strategic move on both our parts.?
KIZAD Polymers Park caters to a variety of different polymers segments, including industrial use, such as packaging, construction, and semi-finished products; end-use customers, such as household goods, agriculture and hygiene products; material science, including compounded and composite materials and 3D printing. Currently 19 polymers companies are based at KIZAD, including Gulf Compound Blending, Cosmoplast, Interplast, Industrium, Songwon Polysys and Schmidt Middle East.