Abu Dhabi Holding (ADH) has announced it has signed an MoU with a European technology partner to assess the establishment of a production plant for non-woven-fiber fabrics in Abu Dhabi Polymers Park.

The assessment will be accomplished in cooperation with the Abu Dhabi Basic Industries Corporation (Adbic).
Commenting on the new initiative, Otaiba Said Al Otaiba, chairman of ADH, said the MoU was in line with his firm’s strategy to pursue industrial investments, with a focus on downstream petrochemical industries.
“We are honored to work with Adbic in the selection of good investment opportunities and the development of Abu Dhabi’s plastics conversion industry. Abu Dhabi Polymers Park is a unique concept for the Emirate’s cluster-based industrial development and we hope to seize other similar opportunities in the future.”
Mohammed H. Al Qamzi, senior vice president of Abu Dhabi Polymers Park at Adbic, said: “In line with Abu Dhabi’s Economic Vision 2030, Abu Dhabi Polymers Park is working very closely with the private sector in Abu Dhabi to create ideal investment opportunities. Our aim is for the Emirate of Abu Dhabi to become a significant player and stakeholder, not only in the local, but also in the global plastics conversion industry. This joint study highlights our continued commitment to serve the global polymer conversion industry. We are very happy to cooperate with ADH on this project and are looking forward to supporting more projects in partnership with local investors to contribute to the development of industry.”

Significant investments
ADH, a large group of Abu Dhabi’s prominent and respected local families, has significant investments in projects in a variety of vibrant economic sectors including education, infrastructure, services and industry.
Adbic is an industrial development and investment company created to facilitate the expansion of sustainable industry in Abu Dhabi. Established in 2007, it is wholly-owned by the Abu Dhabi Government’s General Holding Corporation (GHC) and focuses on industrial sectors including base metals and petrochemicals.
It acts as a catalyst for building a globally-competitive core of commercially-viable industrial activity through public-private partnerships across the industrial value chain, linking upstream, midstream and downstream sectors. Its current investments include: Emirates Steel Industries, the largest integrated steel plant in the UAE, and Abu Dhabi Polymers Park, the first industrial zone in the UAE dedicated to the plastics conversion industry.