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Zonescorp Signs AED 367m Contract With Jindal Saw Gulf At Hannover Messe, Which Attracted An Additional AED 480m In Downstream Investments











ZonesCorp is delighted to announce that it signed another agreement with the Jindal SAW Gulf for the expansion of its current facilities. The Agreement was signed at the Hannover Messe Industrial Fair last week.

Jindal SAW Gulf is planning a AED367m (US$100m) expansion of its ductile iron pipe facility in ZonesCorp's Industrial City, which will boost production capacity by an additional 200,000 tons per year bringing the total production capacity to 500,000 tons per year. This expansion will attract two sizeable downstream investments to the ZonesCorp's metal cluster from Jindal SAW Gulf's partner - Super Cement Manufacturing.

Super Cement Manufacturing is owned by Sanjay Aggarwal - one of the partners of Jindal SAW Gulf, and currently manufactures cement in ZonesCorp's Industrial City. It is investing an additional AED367m (US$100m) through its subsidiary Super Ferro Alloys, in a 75,000 tons ferro alloys complex located on 100,000 sq. metres greenfield site in close proximity to their existing plant.

In addition, Super Cement Manufacturing is investing in a AED 110m (US$ 30m) lime calcination plant with a production capacity of 450,000 tons per year. This new facility will be fully operational before end of 2014.

Collectively, the three new investments will attract a total of AED845m (US$230m) in new investment to ZonesCorp's Industrial City and generate employment for an additional 500 people.

The agreement was signed last week at a signing ceremony at the Hannover Messe. As part of its commitment to showcase its partner companies and share its expertise and knowledge, ZonesCorp is leading a high level delegation of 19 important industrial manufacturing companies to the prestigious 'Hannover Messe', the world's biggest industrial trade fair in Hannover, Germany,

Over the last 2 years ZonesCorp has gone from strength to strength attracting a steady stream of high quality local and international manufacturing companies to its acreage. In the last 2 years alone ZonesCorp attracted AED 11.3billion of new investment, 152 new projects creating well over 12,000 new jobs. ZonesCorp's success can be attributed to, among other things, excellent global connectivity, low cost of operations, high quality investor support, world class infrastructure and providing marketing support.

HE Mohamed Hasan Al Qemzi, Chief Executive Officer at ZonesCorp commented:

"We have enjoyed an extremely rewarding and longstanding partnership with Jindal Saw Gulf LLC and Mr Aggarwal and we are delighted to see that they are continuing to expand with us."

Mr Sanjay Aggarwal Managing director of Jindal Saw Gulf said:

"We are very pleased to be setting up these new ventures in Abu Dhabi under ZonesCorp. Our partnership with ZonesCorp has gone from strength to strength and we look forward to further expansions in the future. We have seen rapid uptake of our products in the GCC since we started our new operations here two years ago, and we continue to see a growth in demand. Our new investment is in response to this growth and we look forward to bridging the demand-supply gap.

About The Higher Corporation for Specialized Economic Zones (ZonesCorp)

Launched in 2004 by the Abu Dhabi Government, ZonesCorp is the largest developer and operator of purpose-built industrial zones in the UAE. We oversee five world-class, fully integrated industrial zones housing more than 600 diverse manufacturing facilities, with five additional industrial cities to be offered soon.

Our cluster-based, growth-driven industrial ecosystems offer investors flexible, readily available spaces with access to high-end infrastructure, competitively priced utilities, and convenient workers' accommodations. Comprehensive support and facilitation solutions are provided by our Investor Services Centre

About Jindal Saw Gulf LLC

Jindal SAW Gulf LLC / Abu Dhabi is a subsidiary of Jindal SAW Limited, India which is the flagship company of the USD 18 Billion O.P. Jindal Group.

Jindal SAW Gulf LLC, is the first largest state of art integrated plant in Middle East producing large size Ductile Iron Pipes with diameter range from 200mm up to 2,200 mmM to cater to the requirement of huge infrastructure projects, mainly associated to potable and waste water transmission & distribution projects. It currently has an annual manufacturing capacity of 300,000 tons.

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