Senior industry figures from China and the UAE have celebrated the groundbreaking of the $614 million Roadbot Tyre Project KIZAD, marking the development of the first tyre manufacturing plant in the UAE.
Developed by Chinese tyre manufacturer Roadbot with a total investment of AED2.2 billion, the Roadbot factory is being built in KIZAD’s China-UAE Industrial Capacity Cooperation Demonstration Zone and will be fully operational by October 2020.
The 2.2 square kilometre Demonstration Zone is being developed by Jiangsu Provincial Overseas Cooperation and Investment Company (JOCIC), and Roadbot becomes the first Chinese firm to set up there since JOCIC and Abu Dhabi Ports signed a 50-year agreement in 2017.
The Roadbot project was launched last year during the visit of Chinese Premier Xi Jinping to the UAE.
The factory will have an initial annual production capacity of 3 million car tyres and 1 million truck and bus tyres, with production increasing to a total of 11 million by 2022.
The groundbreaking ceremony was held in the presence of Dr Sultan Al Jaber, the UAE Minister of State and chairman of Abu Dhabi Ports, and attended by Roadbot chairwoman Zhang Yingzi.
Al Jaber said: “The Roadbot tire factory will make an important contribution to the UAE’s manufacturing base as part of our leadership’s longstanding strategy to diversify our economy. Today’s groundbreaking also demonstrates the increasingly close ties between the UAE and China, and reinforces the UAE’s role as a key partner in China’s Belt and Road initiative.”
Yingzi added: “The Roadbot Abu Dhabi tire project is the result of close cooperation between the UAE and Chinese governments. It is an important part of the Belt and Road Initiative and a crystallization of multiculturalism, based on the principle of achieving shared growth through discussion and collaboration. We are deeply honoured to be playing a part in the economic transformation in Abu Dhabi.”For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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