Tuesday, September 19, 2017

TIP, Al Jaber sign major power contract

UAE’s Tawazun Industrial Park (TIP) today signed a Dh150 million ($41 million) contract with Al Jaber Transport & General Contracting to enhance the power availability in its Park.

The contract was signed by Faiz Al Nahddy, CEO of Tawazun Industrial Park, and Obaid Khaleefa Al Jaber Al Marri, the chairman of the Al Jaber Group, reported Wam, the Emirates official news agency.

TIP, as part of their infrastructure expansion programme, initiated a major power project which covers the design and execution of works to establish a new 33/11.5 kV Primary Substation at TIP premises and lay power cables and Fibre Optic Cables to bring power from Samha in Abu Dhabi. The new initiative will bring an additional 60MVA of power to TIP by the end of 2018.

Tarek Al Hosani, the CEO of Tawazun Holding Company, which owns TIP, said that due to the macro geo-political environment and the vibrant economy in the country the industrial sector is growing rapidly. With the local defence industry being one of the top focus sectors, TIP is witnessing a vibrant expansion in its industrial community.

"We are investing heavily in TIP to expand our sophisticated infrastructure to support this crucial sector. Our mandate is to support not only the defence companies but also its supporting industries. Our emphasis is on creating clusters," he said.

Although TIP’s infrastructure is primarily designed for the defence manufacturing sector, this niche focus has the knock-on effect of attracting basic metal, precision manufacturing, aerospace and the oil & gas service sectors, he added.

Al Nahddy added that the focus is on enhancing the infrastructure in TIP towards preparing to receive new industries as the Park has been experiencing a robust growth.

"The Park is rapidly gaining momentum as a unique destination for defence and precision manufacturing. It presents an ideal location and infrastructure to companies looking to create a base in the region. We offer a ‘plug and play’ solution to our tenants. Companies can take advantage of an advanced infrastructure in a highly secure and safe site surrounded by peer organisations. Our tenants are offered a world-class industrial zone with a broad range of appealing benefits and access to a number of economically important regions," he said.

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