TA’ZIZ, a chemicals and industrial hub currently under development in Al Ruways Industrial City, Abu Dhabi, announced today an agreement with the Abu Dhabi Department of Economic Development (ADDED) to progress the implementation of incentive programmes, including the Land Incentives Program, for eligible local manufacturing companies in the TA’ZIZ Light Industrial Zone.
The agreement was signed by Mashal Saoud Al-Kindi, Acting CEO of TA’ZIZ, and Eng. Arafat Al Yafei, Executive Director of Industrial Development Bureau at ADDED, at the Make it in the Emirates Forum hosted by the Ministry of Industry and Advanced Technology, in conjuction with ADDED and ADNOC.
The partnership bolsters the compelling proposition of TA’ZIZ, unlocking long-term benefits within Abu Dhabi’s industrial sector for eligible manufacturers as part of ADDED’s Industrial Incentive Programme. Incentives may include preferential rates on electricity and gas tariffs, custom exemptions, alongside land rebates.
Mashal Saoud Al-Kindi, Acting CEO of TA’ZIZ, said: “As we grow a competitive chemicals portfolio, our strategic partnership with ADDED supports TA’ZIZ as a key enabler of the Abu Dhabi Industrial Strategy and generates opportunities to further drive industrial growth. TA’ZIZ is committed to supporting the local private sector while diversifying Abu Dhabi’s economy and delivering a multiplier effect through additional value chains from future TA’ZIZ chemicals.”
The collaboration between TA’ZIZ and ADDED will also include using the Abu Dhabi Government platform, TAMM, for manufacturers to seamlessly submit applications for the incentive program, the coordination of certificate issuance and the oversight of rebate payments.
Eng. Arafat Al Yafei, Executive Director of Industrial Development Bureau (IDB), ADDED’s arm to develop the industrial sector, said: “ADDED’s partnership with TA’ZIZ will help accelerate the growth of the chemical industries, which are among the seven manufacturing sectors targeted by the Abu Dhabi Industrial Strategy. The strategy supports the transition to Industry 4.0 and advanced technologies, alongside integrating smart manufacturing to trigger innovation, growth, competitiveness and reduce waste and emissions.
“This cooperation is aligned with ADDED’s continued effort to spur the development of the manufacturing sector, increase foreign direct investment and enhance our circular, smart and sustainable economy, as we work to achieve the objectives of the Abu Dhabi Industrial Strategy and strengthen Abu Dhabi’s position as the most competitive industrial hub in the region.”
TA’ZIZ is a critical enabler of the UAE’s industrial development ambitions. TA’ZIZ will produce a diverse range of chemicals, many of which will be produced for the first time in the UAE. Those chemicals may then be used in the local manufacture of a range of products, including non-metallic pipes, pipe fittings, pharmaceuticals, adhesives, solvents and more. The facility is under development in Al Ruways Industrial City, Abu Dhabi, with phase one of site preparation near completion.