Abu Dhabi wants to create a downstream aluminum hub in its new industrial complex as part of the UAE's efforts to diversify beyond oil and gas, a senior official in charge of the strategy told Reuters in a New York interview.
Talks with prospective investors are under way, with automotive parts manufacturers in the United States, India, Japan and Europe interested in setting up shop in the massive Khalifia Industrial Zone (Kizad) in Abu Dhabi, said Khaled Salmeen, executive vice president, industrial zones at Abu Dhabi Ports Company (ADPC). ADPC owns Kizad.
The government hopes to woo them with zero taxes and import/export duty exemptions, ample and low-cost power supplies and molten aluminum from the nearby Emirates Aluminum (Emal) smelter, he said.
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