Tuesday, June 10, 2008

Adbic Gets $4bn for Polymer Park


Abu Dhabi Basic Industries Corporation or Adbic finally gets the $4 billion Polymer Park projects. The said plastic manufacturer is located at the Industrial City of Abu Dhabi.

"The project reflects the emirate's commitment towards diversifying sources of income through adopting a futuristic strategy based on encouraging investment and focusing on the industrial sector as the main driver for economic development," Shaikh Mohammad said.

"The government of Abu Dhabi is seeking to support and develop the heavy industries such as aluminium, steel, and petrochemicals through providing the basic needs capitalising on the abundance of energy sources, the advanced infrastructure, and the strategic location," he added.

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