AbuDhabiPR.com, Online Press Release from Abu Dhabi and Al Ain
 
Business, Banking and Investments(Banking & Investments)
Filter PR by
  
KEZAD Group Signs Lease Agreement with APT for Automotive Aluminium Component Manufacturing Plant
 
KEZAD Group Signs Lease Agreement with APT for Automotive Aluminium Component Manufacturing Plant

Al Ghurair Group Subsidiary to Tap Global EV Parts Market from 30,000 sq metres Facility

Abu Dhabi, UAE – 19 February 2024: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, and Al Ghurair Group subsidiary Automotive Precision Technology (APT) today announced the signing of a lease agreement for an automotive aluminium component manufacturing facility.

 

The 30,000 sq metres advanced manufacturing facility for APT in KEZAD will be strategically located adjacent to Emirates Global Aluminium, one of the largest manufacturers of aluminium in the world and will be operational by early 2025.

 

The signing was witnessed by His Excellency Omar Al Suwaidi, the Undersecretary, Ministry of Industry and Advanced Technology, UAE and senior officials from the Ministry, Al Ghurair Group and APT

 

His Excellency Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology said: 'We are pleased to be part of industrial sector partnerships of this calibre, which align with the objectives of the National Strategy for Industry and Advanced Technology and Make it in the Emirates initiative, complementing the UAE's industrial ecosystem and export growth by strengthening its ability to link global supply and demand. This enhances the performance and competitiveness of the industrial sector, increases the UAE's investment attractiveness and promotes economic diversification.'

 

HE added that such collaborations contribute to the advancement of the industrial sector by creating job opportunities for local talent and equipping Emiratis with the technical skills to thrive in their careers.

 

Abdullah Al Hameli, CEO Economic Cities & Free Zones, AD Ports Group said: 'We are proud to host APT in KEZAD. The establishment of this facility aligns with the national vision to strengthen the automotive value chain within the country and localising ancillary supply chains. This facility will make a significant contribution to the local economy and technological advancement.

 

'This facility is a testament to Abu Dhabi's growing capabilities in high-tech manufacturing and KEZAD's appeal as an ideal destination for the automotive value chain and is a step forward in our journey towards becoming a hub for advanced manufacturing in the region.'

 

Mohamed Al Khadar Al Ahmed, CEO Khalifa Economic Zones Abu Dhabi – KEZAD Group said: 'We welcome the APT facility to KEZAD, which strengthens our Metals and Automotive Ecosystem. KEZAD Group's world-class facilities and infrastructure, including specialty corridors like the Hot Metal road, will allow molten aluminium to be transported to the APT facility from EGA, resulting in significant savings in financial cost as well as have a positive impact on the environment.

 

'With full integration with Khalifa Port, KEZAD Group is best positioned for high-efficiency manufacturing operations with the ability to accommodate industries of any scale.'

 

Aron Majgier, the CEO of APT said: 'APT's mission is to support the global movement in sustainability by providing innovation in aluminium extrusion and manufacturing services for the automotive industry to produce safer, lightweight and greener vehicles.

 

'Thanks to the reliable supply of premium quality aluminium from EGA, the excellent extrusion capabilities of our sister company Gulf Extrusions, and APT's relentless focus on quality and efficiency, we aim to become the global supplier of choice to the automotive industry.'

 

Iyad Malas, CEO Al Ghurair Group said: 'Our investment in the new APT facility underscored the Group's commitment to remaining at the forefront of manufacturing innovation and to contribute to the UAE's economic vision.

 

'As a tier 1 supplier to leading global car manufacturers, APT products are already found in many of the most popular vehicles on the road today. With the growing demand for aluminium components, driven by the lightweighting requirements of BEVs, we are optimistic that our investment in a larger purpose-built facility will allow APT to build on its strong foundations.'

 

The APT project has received strong support from Federal and local government entities as part of the Make it in the Emirates programme. 'We would like to thank the many government entities, including the UAE Ministry of Industries and Advanced Technology, KEZAD and IDB for their extremely pro-active support to make this project a reality,' Malas said.

 

One of the leading business groups in the UAE, Dubai-based Al Ghurair Group has been active in the downstream aluminium industry since 1976 with the establishment of Gulf Extrusions in Jebel Ali. Gulf Extrusions added a second plant in KEZAD in 2017, giving the company a combined capacity of 70,000mt per year.

Posted by : Abu Dhabi and Al Ain PR Network Editorial Team
Viewed 1273 times
PR Category : Banking & Investments
Posted on : Monday, February 19, 2024  12:59:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AbuDhabiPR.com.
Previous Story : e& reports record consolidated net profit of AED 10.3 billio...
Next Story : Young UAE-based Climate Tech Angel Investors Favor African a...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Catrice Launches Limited Edition About Tonight Collection for Ramadan 2024 [24979-Views]
SHEGLAM Unveils Exclusive Ramadan ‘Lunar & Stellar Box Set', across GCC countries. [23102-Views]
2023 Safest Year for Flying By Several Parameters [21525-Views]
Progress Report: Sustainability, Digitalization and Safety in Air Cargo [20398-Views]
F-16 Block 70 Jets Set Off on Historic Ferry Flight to Bahrain: A New Era in Air Defense [20281-Views]
Eid Gift Guide – Fragrance Edition [19568-Views]
Al Haramain Group shares its business growth by hosting UAE's largest Iftar for 5,000 people as it e... [15789-Views]
Watches & Wonders 2024 Unico: Hublot's Manufacture Calibre [15444-Views]
TCL Unveils World's Largest QD-Mini LED TV in Dubai [13974-Views]
Response Plus Holding Net Profit surges 68% to AED 49.39 million during 2023 [13747-Views]
Bremont introduces a new generation of its Supermarine diving watch series [12825-Views]
TAQA and JERA to develop Industrial Steam and Electricity Cogeneration Plant for Saudi Aramco Total ... [8922-Views]
SKIN111 inaugurates state-of-the-art 3000 sq. ft medical centre & aesthetics centre in Nakheel Mall... [7873-Views]
Khabib's Official Training Gloves Will Be Sold at Tooba Charity Auction in Dubai [7285-Views]
Xiaomi 14 Ultra Makes a Big Entrance in the UAE for the First Time [6570-Views]
Old Doha Port Joins the Dubai International Boat Show for the Second Year in a Row and Enters into a... [5730-Views]
Hotpack Global MD emerges Founding VC of Paper and Tissue Business Group at Dubai Chamber of Commerc... [5392-Views]
Make your Vishukkani last forever Tanishq Launches Exclusive Vishu Collection [4806-Views]
Cigna Healthcare Organizes Health Checks for Hundreds of Workers. [4748-Views]
Stay Hydrated This Ramadan with Rubicon's Organic Coconut Water [4464-Views]
 
RSS Facebook Twitter LinkedDin AbuDhabiPR.com on Instagram
 
Top Sections
 
Top Stories