Abu Dhabi Ports signs $35.4mn deal
Contract with SIDDCO Group is for new automated facility
Abu Dhabi Ports has welcomed SIDDCO Group’s latest venture iNGENIUM to Khalifa Port’s industrial Zone (Kizad) as its latest investor, in a deal worth $35.4mn.
iNGENIUM, a subsidiary of the SIDDCO Group, will set-up a facility in Kizad, which will generate more than a million man-hours per annum, with a fully automated production plant manufacturing equipment in various formats and metallurgies.
The iNGENIUM site is spread over a plot covering 122,000m2, with direct access to Kizad’s modular path, a dedicated road for moving over-sized equipment between the investors’ facility and Khalifa Port, in a swift, safe, and economical manner.
iNGENIUM’s built-up area will include a production unit, modular equipment assembly unit, a Non Destructive Test unit, an office block, a training centre, as well as a community centre to continually enhance the quality of human resources.
“Through extensive use of automation in the production line and robust investment in our people and in first-class Italian machinery, iNGENIUM will deliver enhanced efficiency and reliable engineering,” Zakee Siddiqi, Chairman & CEO SIDDCO Group, stated.
“Our ongoing investments in Italian machinery have proved extremely beneficial in ensuring uniformity in quality and precision.”