Khalifa Financial Zones Abu Dhabi (KEZAD Group) has introduced the launch of Steel Park, described because the world’s first pay-as-you-grow metals ecosystem, marking a brand new method to industrial growth for downstream metals producers in Abu Dhabi.
The 450,000 sq. metre growth has been delivered with an funding of AED430 million ($117.1million) by KEZAD Group and was launched within the presence of Sultan Al Jaber, Minister of Trade and Superior Know-how, and Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group.
The launch was additionally attended by Abdullah Al Hameli, CEO of Financial Cities and Free Zones at AD Ports Group, Saeed Ghumran Al Remeithi, Group CEO of Emirates Metal, and senior representatives from KEZAD Group and authorities entities.
Abu Dhabi’s new industrial mannequin
Steel Park introduces a brand new industrial working mannequin designed to interchange conventional capital-intensive and fragmented setups with a totally built-in and scalable ecosystem. The pay-as-you-grow construction permits metals corporations to broaden operations consistent with demand, avoiding giant upfront funding whereas bettering capital effectivity, pace to market and operational predictability.
In contrast to typical industrial zones, Steel Park is already stay and absolutely operational throughout each free zone and mainland areas. Its Manufacturing Hub, Storage Hub and Enterprise Centre are lively, permitting steel processing to happen on website. The ecosystem presently helps 27 member corporations and offers shared specialist capabilities, safe high-throughput storage and built-in business and operational providers.
Built-in logistics infrastructure, enabled by KEZAD Group and AD Ports Group, offers seamless connectivity from manufacturing by to storage and outbound motion. The built-in setup is meant to scale back friction throughout the worth chain and enhance throughput, reliability and supply timelines for producers working throughout the park.
Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, mentioned: “Steel Park represents a brand new chapter in industrial growth at KEZAD. By enabling a pay-as-you-grow mannequin, we’re reducing obstacles to entry, bettering capital effectivity, and offering producers with an industry-specific surroundings the place infrastructure, logistics, and providers work collectively from day one.
“This method strengthens Abu Dhabi’s place as a aggressive vacation spot for superior industrial investments, consistent with the imaginative and prescient of our sensible management within the UAE.”
Vahid Fouladkar, CEO of Steel Park, mentioned: “This isn’t about constructing one other industrial zone. It’s about creating an working mannequin the place metals companies can scale intelligently, supported by shared infrastructure, built-in logistics, and coordinated providers that take away complexity from every day operations.”
Sensible, secure and sustainable metals hub
Steel Park has been designed with a give attention to security, effectivity and sustainability. Processes goal to scale back handbook dealing with, minimise idle time and optimise power use, whereas shared belongings scale back duplication and waste. The ecosystem is supported by a digitally orchestrated platform offering real-time visibility, coordinated inside logistics and seamless ordering for member corporations.
KEZAD Group mentioned the launch of Steel Park helps the expansion of the downstream metals sector, strengthens provide chain resilience and contributes to the UAE’s non-oil economic system by providing a scalable and environment friendly mannequin for industrial growth in Abu Dhabi.
