Abu Dhabi to launch first industrial zone dedicated exclusively to plastics conversion

29-Apr-08
Abu Dhabi Basic Industries Corporation (Adbic), a government-owned company, will launch the country's first industrial zone dedicated exclusively to plastics conversion. It will be built on 4.5 sq km of land at the Industrial City of Abu Dhabi III (Icad3) in Mussafah. The Abu Dhabi Polymers Park project will be the emirate's first industrial cluster, wherein over 50 plastics converting plants will produce value-added goods from raw materials available in the emirate. The project will be launched in May, whereas allocation of plots to investors will happen in June.The project is expected to attract investments to the tune of US$4 bln (Dh14.7 bln) in addition to the infrastructure costs met by the corporation and the government. All the infrastructure and other facilities, including a logistics centre, business park and technical centre, will be completed by the end of 2009 with Adbic and government investment of more than Dh1bn.
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