28 May 2014 - Ducab Aluminium and Kizad sign 30 year Musataha agreement
Khalifa Industrial Zone Abu Dhabi (Kizad) and Ducab, a leading provider of cable and wire solutions in the UAE and wider GCC region, recently signed a Musataha agreement which secured Ducab Aluminium a 546,070 square foot plot of land in Kizad’s aluminium cluster.
The plot of land will be used to set up a manufacturing plant with an investment of AED 220 million for buildings, machinery and infrastructure. The plant will be Ducab’s sixth in the UAE, alongside its three facilities in Musaffah and two in Dubai. Ducab also owns AEI Cables in the UK which was purchased earlier this year.
Ducab’s facility in Kizad plans to be operational by 2015. This was announced at the signing ceremony, attended by Engineer Khaled Salmeen, CEO, Kizad, and Engineer Jamal Salem Al Dhaheri, Ducab’s Chairman.
It will focus on the production of aluminium rods and conductors for overhead transmission lines, and will supply mainly the cable manufacturing industry and utility sectors.
“With Ducab, we have won yet another strong business partner in Kizad, which currently counts 54 national and international high profile investors”, said Engineer Salmeen at the signing ceremony.
“Ducab’s manufacturing facility will integrate perfectly into our aluminium cluster and function as a downstream producer next to Emirates Aluminium (EMAL), one of the world’s largest single-site aluminium smelters and Kizad’s anchor tenant in the cluster”, Salmeen added.
Ducab will be using Kizad’s “Hot Metal Road” designed to transport hot molten aluminium from EMAL to its nearby mid and downstream producers for further and immediate manufacturing purposes. The “Hot Metal Road” is a prime example of Kizad’s innovative infrastructure and economies of proximity, offering time and cost effective production lines.
“Kizad has emerged as an exponentially growing industrial zone recently. Being in Kizad offers Ducab a unique opportunity to communicate with other industries, identify future growing opportunities and enhance its efficiency in terms of logistics and manufacturing. Additionally, proximity to EMAL for molten metal supplies is one of the most critical reasons, as is proximity to Khalifa Port for an unparalleled logistics infrastructure”, explained Engineer Al Dhaheri.
“We are currently exporting copper rods, cables and wires to clients in the GCC and MENA region, as well as to clients on the Indian Subcontinent, in Africa and Europe. Being located in Kizad will further enhance our logistics infrastructure and market access”, Engineer Al Dhaheri added.
Founded in 1979, Ducab is owned, in equal shares, by the Investment Corporation of Dubai (ICD) and Senaat (General Holding Company, private investment of the government of Abu Dhabi). It supplies a wide range of power cables and accessories to customers in over 40 countries across the globe.
Ducab has provided cable and wire solutions to numerous landmark projects in the UAE and worldwide, including Burj Khalifa, Burj Al Arab, Emirates Palace, the Al Maktoum International Airport, and the Central Bank of Oman.
Alongside its branches and well established sales and distribution network in the UAE, Ducab has branches in Qatar, Bahrain, Oman, Saudi Arabia, Australia, Nigeria and the United Kingdom.