In a bold move that underscores the UAE’s commitment to becoming a global industrial powerhouse, KEZAD Group has inked a monumental 50-year lease agreement with Apex Engineering Industries. Valued at a whopping Dh90 million, this deal is set to launch a cutting-edge facility in the heart of KEZAD, dedicated to advanced manufacturing for some of the most critical sectors: oil, gas, locomotives, and defense. This partnership is not just a business deal; it’s a strategic investment in the UAE’s industrial future, promising to elevate the nation’s manufacturing capabilities and solidify its position on the global stage.
The facility, which will span several thousand square meters, is designed to be a hub of innovation and excellence. Equipped with the latest technology and machinery, it will serve as a cornerstone for Apex Engineering Industries’ ambitious plans to drive advanced manufacturing across key sectors. From precision engineering for the oil and gas industry to the development of robust components for locomotives and defense, this facility will play a pivotal role in shaping the future of these industries in the UAE.
What makes this deal particularly significant is its long-term vision. A 50-year lease signals not just confidence in the current market but a strong belief in the sustained growth and development of the UAE’s industrial sector. This facility isn’t just about meeting today’s demands; it’s about anticipating the future needs of the nation and the world. As global industries evolve, the UAE is positioning itself at the forefront of innovation, ensuring that it remains a key player in the global supply chain for decades to come.
The impact of this facility will be felt far beyond its immediate operations. By focusing on advanced manufacturing, KEZAD and Apex are contributing to the UAE’s broader economic diversification goals. As the nation seeks to reduce its reliance on oil, investments like these are crucial for building a resilient and diverse economy. The facility will create hundreds of jobs, attract international expertise, and foster the development of local talent, further embedding the UAE’s reputation as a leader in industrial innovation.
Moreover, this partnership aligns perfectly with the UAE’s ambitious Vision 2030 plan, which aims to establish the country as a global hub for knowledge-based industries. By integrating advanced technologies and practices into its operations, the KEZAD-Apex facility will set new standards for manufacturing excellence in the region. It’s a clear demonstration of how strategic partnerships can drive significant economic growth while also contributing to the national vision of sustainable development.
As the facility takes shape, anticipation is building for the immense contributions it will make to the UAE’s industrial landscape. The KEZAD-Apex partnership is a testament to the power of collaboration and long-term planning in driving industrial success. With Dh90 million on the table and a 50-year horizon, this is more than just a lease—it’s a commitment to building a future where the UAE stands tall as a leader in advanced manufacturing, innovation, and industrial growth. Get ready for an industrial revolution like no other, as KEZAD and Apex Engineering Industries pave the way for the next 50 years of progress in the UAE!
