August 17 - Project forwarders active in the United Arab Emirates will be interested in the news that Al Gharbia Pipe Company is set to invest AED 1.1 billion (USD300 million) in Abu Dhabi
The 200,00 sq m facility, which is scheduled to be completed by March 2018, will cater to the region's oil and gas industry, manufacturing high quality, sour grade Longitudinal Submerged Arc Welding (LSAW) steel pipes.
The plant will employ over 370 staff and produce up to 240,000 tons of steel pipe per annum.
Al Gharbia Pipe Company will utilise Kizad's Modular Path, integrated with Abu Dhabi's highway network to enable the movement of large loads and structures to the city and throughout the rest of the Emirate and region as a whole.
Eng. Jamal Salem Al Dhaheri, acting chief executive officer at Senaat believes housing production facilities at Kizad will give access to a range of world-class services and infrastructure, improving delivery time and service.
Takafumi Nishiuma, vice president of JFE Steel stated: "With the ongoing growth of the oil and gas sector in the region, the demand for high-quality steel pipes is expected to expand steadily. We see huge opportunities in this market and in particular in the UAE."
Al Gharbia Pipe Company is a joint venture between Senaat, one of the largest industrial holding companies in the UAE, and two of Japan's leading steel firms, JFE Steel Corporation and Marubeni-Itochu Steel Inc.
Abu Dhabi Ports manages nine commercial, logistics, community and leisure ports, and Khalifa Industrial Zone which is serving a range of logistics and manufacturing investors.
Opened in December 2012, Phase 1 of Khalifa Port and Khalifa Industrial Zone has a capacity of 2.5 million teu and 12 million tonnes of general cargo. Further phases of development will occur as market demand requires.