KIZAD signs agreement with Shaheen Chem for AED 4 billion chemical complex

Khalifa Industrial Zone of Abu Dhabi (KIZAD) signed a land lease agreement with Shaheen Chem Investment LLC for the development of a two-phase chemical complex in the industrial zone with an expected investment of AED 4 billion.

The first phase of the plant will produce 130,000 tonnes per year of caustic soda for EGA’s Al Taweelah alumina refinery and 160,000 tonnes per year of ethylene dichloride. The plant will double its caustic soda production capacity following the completion of the second phase.

Commenting on the occasion, Mr. Rashed Al Suwaidi, the Chairman of Shaheen Chem, said, “We are grateful to Abu Dhabi Ports for their support.  We now look forward to building our plant at KIZAD to supply EGA with the caustic soda it needs.  We are also excited to become the first producer of ethylene dichloride in the UAE and to later bringing vinyl chloride and polyvinyl chloride production to the country as part of phase II of the project.”

Captain Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports said: “Since the launch of Khalifa Industrial Zone Abu Dhabi, under the guidance of our wise leaders, we have aimed to support the growing industrialisation of the UAE and diversification of our economy. We are delighted to embark on this partnership with Shaheen Chem Investments, which is an embodiment of our vision of being a world-class, integrated industrial zone.”  

“Through this signing we are reinforcing our commitment to promote growth and trade as well as providing our valued customers from a wide range sectors convenient access to raw materials and the Khalifa Port facilities, as well as international standard infrastructure.”