Khalifa Economic Zones Abu Dhabi – KEZAD Group and Jotun Abu Dhabi have signed a 50-year land lease agreement for the establishment of a new manufacturing facility in ICAD – KEZAD Musaffah.
Jotun Abu Dhabi will invest US $122.5mn in the 83,177sqm manufacturing facility. With this investment, Jotun Abu Dhabi is relocating from their existing 22,000sqm facility. The investment is set to create approximately 200 jobs in KEZAD, the firm said.
Abdullah Al Hameli, CEO Economic Cities & Free Zones, AD Ports Group said, “We are pleased to see Jotun Abu Dhabi expand its presence within KEZAD’s rapidly evolving industrial landscape. KEZAD Group continues to enhance world-class infrastructure that supports the advancement of the regional construction industry. Guided by the vision of our wise leadership and our role as a global manufacturing hub, we remain dedicated to supporting the UAE’s construction sector in the emirate of Abu Dhabi.”
Svein Johan Stub, GM of Jotun Abu Dhabi said, “The expansion marks a major milestone in the manufacturing journey of Jotun Paints in Abu Dhabi and reinforces our commitment to strengthening our presence in the emirate. We remain confident that by being part of KEZAD’s industrial ecosystem will enable us to deliver tailored solutions that meet market demands, and support the growth of the region’s construction, real estate and energy industries.”
The region’s paints and coatings industry is undergoing rapid development, driven by strong construction momentum in the UAE, and is poised to attract further investment expanding the scope for its future growth and contribution to the nation’s non-oil economy. Jotun Abu Dhabi’s expansion in KEZAD is a step forward in this direction, further accelerating the growth of the sector in this region.
KEZAD and Jotun Abu Dhabi establish new manufacturing facility in Musaffah Middle East Construction News.
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