The Abu Dhabi Department of Economic Development (ADDED) and MT Group, the Shanghai-based valve manufacturer, have signed a memorandum of understanding (MoU) to strengthen value chain for high-precision equipment in Abu Dhabi, attract more Chinese industrial investments to the emirate, and promote sustainable development.
MT Group, the leading high-precisions equipment manufacturer with facilities in key industrial hubs around the globe, is poised to build a facility for API design valves suitable for oil and gas applications in Abu Dhabi. It supports efforts aiming to achieve Abu Dhabi Industrial Strategy’s (ADIS) objectives by enhancing home-grown supply chain as high-precision valves are essential for most industries, particularly the manufacturing subsectors targeted by (ADIS) including food processing, pharmaceuticals, chemicals, electrical, electronics, machineries and equipment, and transportation.
The facility will serve as a pivotal hub for supplying MT Group’s products to other GCC countries, Africa, Commonwealth of Independent States (CIS), and American markets. MT Group will also use the facility for its research and development (R&D) activities which will support Abu Dhabi to enhance sophisticated products industries.
MT Group’s facility in Abu Dhabi is planned to manufacture 150,000 valves annually by 2028 and provide over 200 highly skilled job opportunities. The 1st phase of the facility is expected to commence operations by end of 2023 with production capacity of 30,000 valves yearly.
It will be covering an area of 5400 square meters in ALMARKAZ, Waha Land’s Industrial Zone in Abu Dhabi. An additional adjacent area of 25000 square meters is earmarked for future expansion, to make it the largest valve manufacturing facility in the Middle East and North Africa (MENA) region.
Eng. Arafat Al Yafei, Executive Director of Industrial Development Bureau (IDB), said: “This agreement with MT Group is a valuable addition to the industrial landscape as it is addressing many aspects of the Abu Dhabi Industrial Strategy. We have launched initiatives to develop homegrown supply chain and value chain including investing AED1 billion in the recently announced ‘Abu Dhabi Channel Partners’ programme to further enhance the industrial investment ecosystem, by providing detailed guides of opportunities and customised incentives packages to meet investors’ needs.
Our efforts are paying off as evidenced by number of new industrial licenses, which grew by 16.6%, and total capital investments by manufacturers operating in the emirate that have increased by AED12.42 billion to AED384.06 billion by end of June 2023”.
Ms. Snow Feinan Li, a Board Member of MT Group, expressed deep gratitude for Abu Dhabi's role in fostering peace, harmony, and an attractive investment climate. She highlighted their relocation from China to Abu Dhabi in alignment with the "Made in the Emirates Initiative." The new facility in Abu Dhabi will support MT’s global sales network spanning the US, Europe, and the MENA region. Ms. Li expressed her appreciation to the support of the Abu Dhabi's leadership and the Industrial Development Bureau (IDB), praising the emirate's transformation into a highly competitive industrial hub. She values the cultural richness and tolerance of Abu Dhabi, believing it offers a nurturing environment for manufacturers worldwide, with the IDB's support propelling them to global leadership. In conclusion, Ms. Li looks forward to a promising future in Abu Dhabi, emphasising the strong friendship between the UAE and Chinese people.
The new collaboration is part of ADDED’s ongoing efforts to deliver the objectives of Abu Dhabi Industrial Strategy (ADIS) to strengthen the emirate’s position as the region’s most competitive industrial hub.
Since the launch of ADIS in June 2022, its initiatives have been accelerating the transformation of the emirate’s manufacturing sector by increasing access to financing, enhancing ease of doing business, and attracting foreign direct investment.