Specifically, the park aspires to become an important economic driver for the UAE. This will achieved by producing approximately 300-400 kilo tonnes of plastic annually, thus, creating more than 7.000 jobs and contributing to the country’s GDP by 2025.
Additionally, the new park will benefit Abu Dhabi's positions as a development and innovative hub in sustainability and technology, including advanced polymer technologies such as composites and 3D printing.
Abu Dhabi National Oil Company (ADNOC) and KIZAD Polymers Park have signed a strategic collaboration framework to accelerate the investment and innovation in the region's plastics industry.
According to KIZAD 's statement, the joint efforts by both entities also aim to create a sustainable and competitive industrial landscape in Abu Dhabi.
KIZAD will serve a variety of different polymers segments, including industrial use, such as packaging, construction, and semi-finished products; end-use customers, such as household goods, agriculture and hygiene products; material science, including compounded and composite materials, and 3D Printing.
What's more, the Polymers Park will benefit from Khalifa Port which is to close proximity since it has immediate connectivity to markets around the world via major shipping lines.
Finally, Samir Chaturvedi, KIZAD CEO addressed that
The Park will source energy supplies from a variety of sources at some of the region’s lowest utility rates and support initiatives to commercialise the recycling of plastic waste.