KEZAD Group and UAE-based Apex Engineering Industries have signed a 50-year land lease agreement for the establishment of a state-of-the-art facility in KEZAD Area A – Al Ma’mourah. To be developed with US $24.5mn in investment by Apex Engineering, the plant will produce industrial parts, components, machinery and equipment for the oil and gas, locomotive and defence industries. Spanning over 40,000sqm, the facility will use advanced engineering for the design and development of systems to serve the aforementioned sectors. All operations at the plant will take place in alignment with environment protection commitments and will uphold the sustainable business practices in KEZAD. The construct
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