December 08, 2023
We are thrilled to announce a momentous collaboration between Excel ASTRA Engineering & Construction and Khalifa Economic Zones Abu Dhabi (KEZAD) Group, marking a significant milestone in our pursuit of excellence and growth.
In a groundbreaking move, Excel ASTRA has entered into a 50-year lease agreement with KEZAD Group to establish a cutting-edge fabrication facility within the esteemed KEZAD Al Ma’mourah. This venture represents a strategic partnership between the largest operator of integrated economic zones and our leading construction contracting company, aimed at accelerating industry growth, fostering job creation, and delivering top-notch products and services to the energy sector.
Here are some key highlights of this transformative partnership:
Investment and Facility Details:
Excel ASTRA is set to invest approximately AED 20 million in constructing a state-of-the-art facility spread across 45,000 square meters of prime land within KEZAD Al Ma’mourah. This facility will harness the collective expertise of both KEZAD and ASTRA, reinforcing our commitment to excellence.
Job Creation and Economic Impact:
The establishment of this facility is projected to create around 400 new jobs, contributing to the socio-economic fabric of the region. With an estimated annual sales potential exceeding AED 200 million, Excel ASTRA’s “Made in the UAE” products are poised to enhance the emirate’s export potential, creating a positive ripple effect on the local economy.
Vision Alignment:
Harish Muhammed Bashir, Managing Director of Excel ASTRA, expressed enthusiasm about the shared vision and commitment of both organizations towards fostering growth and development. The partnership aligns seamlessly with the ‘Make it in the Emirates’ initiative, contributing to the vision of Abu Dhabi as a global trade hub.
Local Market Integration:
The facility is expected to source approximately AED 80 million worth of goods and services annually from the local market, underlining Excel ASTRA’s dedication to supporting and strengthening the local economy.
Global Competitiveness:
The strategic location of the fabrication yard positions Excel ASTRA to compete globally in the manufacturing sector. Collaborations with international partners will bring valuable expertise to the table, contributing to the fabrication of high-value products and supporting industrialization across the entire MENA region.
This comprehensive agreement signifies a pivotal moment for Excel ASTRA and KEZAD Group, reflecting our shared commitment to fostering growth, innovation, and sustainable development. As we embark on this transformative journey, we look forward to contributing significantly to the advancement of the industrial sector and the prosperity of Abu Dhabi.
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