Abu Dhabi: Abu Dhabi Ports has signed a Musataha agreement with Adearest, a company involved in the field of refrigeration and cooling systems in the UAE and the Middle East and North Africa (Mena) region.
The agreement will allow Adearest’s subsidiary Polar Specialized Industries to set up its new manufacturing facility in Khalifa Industrial Zone (Kizad). The new plant, which will cover an area of 23,617 square metres, represents an approximate total investment of Dh50 million, Abu Dhabi Ports said in a statement.
The company will manufacture specialist products such as refrigeration skids, steel pressure vessels, steel tanks and switch gears for refrigeration and cooling systems.
“With Khalifa Port’s industrial, trade and logistics hub designed to provide economies of scale, Adearest will be able to expand its business reach and support clients who are already setting up their facilities in Kizad,” said Captain Mohammad Juma Al Shamisi, chief executive officer of Abu Dhabi Ports.
