{"id":82457,"date":"2024-11-18T00:00:00","date_gmt":"2024-11-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/11\/18\/pipetec-putting-aed-100-mn-into-kezad-plant-dubai-chamber-canaco-to-support-mexican-investors-in-dubai\/"},"modified":"2024-11-18T00:00:00","modified_gmt":"2024-11-18T00:00:00","slug":"pipetec-putting-aed-100-mn-into-kezad-plant-dubai-chamber-canaco-to-support-mexican-investors-in-dubai","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/11\/18\/pipetec-putting-aed-100-mn-into-kezad-plant-dubai-chamber-canaco-to-support-mexican-investors-in-dubai\/","title":{"rendered":"Pipetec putting AED 100 mn into Kezad plant + Dubai Chamber, CANACO to support Mexican investors in Dubai"},"content":{"rendered":"

ZONES- <\/p>\n

Pipetec putting AED 100 mn into Kezad<\/strong> plant:<\/strong> UAE-based Pipetec Solutions Manufacturing has inked a 50-year land lease agreement for the development of a pipe bending plant in AD Ports Group\u2019s Khalifa Economic Zone Abu Dhabi (Kezad) Area A in Al Mamourah, according to a statement<\/a> released on Thursday.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

Details:<\/strong> Pipetec is investing AED 100 mn into establishing the manufacturing plant, which will cover some 18k sqm in Kezad. The facility will utilize advanced induction-bending technology to provide precision engineered pipe bending solutions for a range of sectors, including oil, gas, automotive, aerospace, shipbuilding, construction, and petrochemicals. The timeline for the project has not been disclosed.<\/p>\n

REMEMBER-<\/strong> Industrial and logistics demand in Dubai rose 185% y-o-y in 1H 2024<\/a>, logging almost 18 mn sqft of new requirements for industrial and logistics assets in the emirates. A shortage of new warehouses in Dubai has sent demand spilling over to Abu Dhabi, with Kezad Group \u2014 representing 55% of UAE\u2019s industrial supply \u2014 recording 88% occupancy in 1Q 2024. The zone also witnessed longer lease commitments, with the average lease length increasing to almost six years from four years in 2022.<\/p>\n

TRADE-<\/p>\n

Dubai Cham<\/strong>bers + CANACO support Mexican investors: <\/strong>Dubai Chambers has signed an MoU with the National Chamber of Commerce, Services, and Tourism (CANACO) in Mexico City and El Gran Baj\u00edo, a business promotion agency in Mexico, to support the growth of Mexican investors in Dubai, Wam<\/a> reports. The MoU also aims to help Dubai-based companies enter the Mexican market. The agreement also promotes bilateral trade and investments between Dubai and the Baj\u00edo region of Mexico.<\/p>\n

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LOGISTICS HANDLING-<\/p>\n

Saudi Post and the Export Development Authority will provide logistical solutions <\/strong>to non-oil exporters<\/strong>, including air and land freight services, under an MoU they signed, state news agency SPA reports<\/a>. The two parties will organize workshops to inform exporters about the services they will offer.<\/p>\n

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AVIATION- <\/p>\n

Gulf Air + Joramco partner up on bolstering MRO services:<\/strong> Bahrain\u2019s flagship carrier Gulf Air has inked an MoU with Dubai Aerospace Enterprise\u2019s aircraft MRO and engineering arm Jordan Aircraft Maintenance Limited (Joramco) to expand their joint MRO services, according to a press release<\/a>. The agreement aims to explore the development of Gulf Air MRO services in Bahrain, including hangar facilities. <\/p>\n

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