KPIZKhalifa Port and Industrial Zone (UAE)
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Designed to take maximum advantage of its position at the crossroads of global trade routes between the East and West and Africa, KPIZ is central to realising the Abu Dhabi government's "2030 Vision" for a vibrant and diversified economy.
Investment in KPIZ follows Abu Dhabi's first Industrial City (ICAD 1) which includes economic zones for base metals, construction products, electronics, plastics and automotive industries and (ICAD 2) - air conditioning, architectural hardware and aluminum windows and doors, which have collectively attracted around $5 billion in investment.
To date the company, a 40:40:20 joint venture of International Petroleum Investment Company (Ipic), Abu Dhabi Investment Council (Adic) and Abu Dhabi National Oil Company (Adnoc), had only announced plans to build the industrial city to support its planned projects, Madeenat Chemaweyaat, at KPIZ.
First-line funding for the KPIZ project will be provided by the Government of Abu Dhabi with a secondary soft loan debt facility underwritten
Located midway between Abu Dhabi and Dubai, the first phase of KPIZ will open in 2012 replacing Abu Dhabi's existing Port Zayed.
Remaining major ADPC contracts for KPIZ are scheduled to be awarded in the next few months.
ADPC is developing the harbour as part of the multi-billion dollar Khalifa Port and Industrial Zone (KPIZ), which will provide critical infrastructure to support the accelerated growth of Abu Dhabi's industrial and commercial sectors as outlined in the Abu Dhabi 2030 Vision.
Al Nasr Contracting carried out infrastructure works at the port and for many of the support buildings in the nearby Khalifa Port Industrial Zone (KPIZ) for main contractor Habtoor Leighton.
In addition, the Abu Dhabi Government is also undertaking major efforts to develop the logistics infrastructure in the emirate, including the setting up of the Khalifa Port and Industrial Zone (KPIZ), a prestigious multipurpose facility that encompasses a port, industrial zone, special economic zone, free zone, technology zone, and logistics zone.
The purpose of ADPC's Khalifa Port and Industrial Zone (KPIZ) is to cater to a number of industrial clusters, including base metals, heavy machinery, transport vehicle assembly, chemicals, shipyards, building materials, processed foods and beverages, light manufacturing and assembly, small and medium enterprises, trade and logistics, information and communication technology and alternative energy.
March 2010: A Dh300 million contract to Larsen & Toubro for its flagship project at Khalifa Port & Industrial Zone (KPIZ) in Taweelah.