Deal to boost Chemical Industrial City project

Dubai: Abu Dhabi Ports Company (ADPC) has signed an MoU with Borealis/Abu Dhabi Investment Council (Adic) on behalf of Chemaweyaat, an initiative developed by Adic and the International Petroleum Investment Company (Ipic) to speed up Abu Dhabi's involvement in the chemical industry, with the objective to locate the new planned Chemicals Industrial City at Khalifa Industrial Zone at Taweelah.

The first project to be located at the Chemicals Industrial City is Chema-weyaat Complex 1.

"It is expected to be the world's largest grassroots fully chemicals integrated complex with a total production of around seven million tons per annum of olefins, aromatics, oxide and ammonia derivatives. The Chemaweyaat Complex 1 is expected to be complete by 2013," said a statement.

Multi-purpose

Khalifa Port Industrial Zone (KPIZ) is a multi-purpose facility strategically located in Taweelah between the cities of Abu Dhabi and Dubai. It includes the construction of a world-scale container and industrial port, and the development of over 100 square kilometres of industrial, logistics, commercial, educational and residential special economic and free zones.

In the first quarter of this year, ADPC awarded contracts to begin the construction of the new port set to be operational by the end of 2010, and two major earthworks contracts for the Khalifa Industrial Zone.

Ahmad Al Calily, CEO & MD at ADPC, said, "The location of this large scale petrochemical complex is a major milestone for the development of the industrial cluster at the Khalifa Industrial Zone.