Abu Dhabi polymer park looking for occupants

INDIANAPOLIS (Nov. 5, 1:25 p.m. ET) -- A Middle Eastern plastic processing development is looking to attract processors from North America and other parts of the world.

The Abu Dhabi Polymers park — located in Abu Dhabi, United Arab Emirates — will cover 41 million square feet of manufacturing space.

Abu Dhabi ranks as one of the world’s 10 largest oil suppliers, and is one of the world’s wealthiest regions, but is looking to increase its non-oil business, ADPP Vice President Gustaf Akermark said at an industry conference hosted by MAPP Inc., Oct. 29-30 in Indianapolis.

ADPP hopes to have a processing mix that includes 36 percent consumer packaging and 24 percent construction infrastructure. When fully operational, the $4 billion project will employ 10,000 and process more than 20 billion pounds of resin per year.

ADPP is designed to take advantage of Abu Dhabi’s competitive cost base in raw materials, utilities and labor. The region also has no corporate tax and no import duties on machinery and raw materials.

“We’re now open for business, and hope that some North American companies are interested in growing their markets,” Akermark said.

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