UAE-based Apex Engineering Industries is set to construct a USD 24.50 mln engineering research and development (R&D) and manufacturing facility in the KEZAD economic zone in Abu Dhabi.
The 40,000 sqm plant, located in KEZAD Area A – Al Ma’mourah, will serve the oil and gas, defence and locomotive industries, Khalifa Economic Zones Abu Dhabi (KEZAD Group), the operator of integrated and purpose-built economic zones, said in a statement.
The facility will be developed on a 50-year lease from KEZAD.
Apex Engineering already has a plant and equipment installed for a unique material treatment process that enhances the lifecycle of metal wear parts such as cutting tools, brake discs and gears, said Partner Nooruddin F. Daud.
