Tubacex, a global leader in industrial products and services, has entered into a land lease agreement with KEZAD Group, the integrated economic and industrial center of Abu Dhabi, to establish a state-of-the-art pipe finishing and threading plant in the Emirate, the company said in a press release.
This state-of-the-art plant will be erected in a 50,000 square meters plot, and follows the roadmap agreed between Tubacex and the Abu Dhabi National Oil Company (ADNOC) last year for the supply of comprehensive OCTG-CRA (Oil Country Tubular Goods in Corrosion Resistant Alloys) solutions used in natural gas extraction, the company said.
This USD 100 mln project comes to fruition as the In Country Value program launched by the Ministry of Industry and Advanced Technology (MoIAT) gains traction. The facility will be the first of its kind in the Middle East, with the expected start of operations towards end of 2024.
Tubacex is a global leader in the design, manufacture, and installation of advanced industrial products and high-value-added services for the energy and mobility sectors. Tubacex brings value to its customers through its global presence, with production plants and service centers in Spain, Austria, Italy, the United States, India, Thailand, Saudi Arabia, Dubai, Norway, Canada, Singapore, Guyana, and Kazakhstan.
