Tubacex has signed a land lease agreement with Khalifa Economic Zones Abu Dhabi – KEZAD Group, for the construction of a new pipe finishing and threading plant in the Emirate. This state-of-the-art plant will be erected in a 50,000 square meters plot, and follows the roadmap agreed between Tubacex and the Abu Dhabi National Oil Company (ADNOC) for the supply of comprehensive OCTG-CRA (Oil Country Tubular Goods in Corrosion Resistant Alloys) solutions used in natural gas extraction.
This USD 100M project comes to fruition as the In-Country Value program launched by the Ministry of Industry and Advanced Technology (MoIAT) gains traction. The facility will be the first of its kind in the Middle East, with the expected start of operations towards the end of 2024.
The new plant will ensure the reliable supply of critical components to support ADNOC’s natural gas production expansion, while strengthening Tubacex’s positioning and commitment in the Middle East, a strategic region in the global energy transition.