Skip to content Skip to Search
Skip navigation

Abu Dhabi plans lithium plant to support EV growth

Kezad and Titan executives sign the deal for the lithium processing plant, described as a 'turning point' for the UAE's EV strategy Wam
Kezad and Titan executives sign the deal for the lithium processing plant, described as a 'turning point' for the UAE's EV strategy
  • ‘Lithium is the new oil’
  • $1.4bn investment
  • Mines in Zimbabwe

A $1.4 billion lithium processing plant is being planned in Abu Dhabi by Kezad Group and Titan Lithium, a UAE-based company, to support the region’s fledgling electric vehicle (EV) industry.

Kezad (Khalifa Economic Zones Abu Dhabi) and Titan have signed a 50-year land lease agreement for the AED5 billion plant.

The plant, to be developed in three stages, will produce battery-grade lithium carbonate and lithium hydroxide for battery makers and EV manufacturers globally. 

Titan Lithium said the plant represents a “critical turning point” in the UAE’s development as a player in the global lithium processing market.

Once established, the plant will import about 150,000 tonnes of lithium a year from Titan’s mines in Zimbabwe for processing through Khalifa Port in Abu Dhabi.

Vaibhav Jain, founder and president of Titan Lithium Industries, said: “Lithium is the new oil, and through this project, we are positioning the UAE, and specifically Abu Dhabi, as a pivotal hub in the lithium processing domain.”

As the world moves to renewable energy sources, the role of lithium as a key component will become increasingly important.

The availability of processed lithium is crucial for the manufacturing of battery packs used in EVs, a rapidly growing sector in the global push for sustainable energy.

Sales of passenger EVs in the UAE in 2023 are predicted to have been around 22,000, a 32 percent increase from an estimated 16,400 in 2022.

Longer-term calculations from analysts at BMI suggest the total number of EVs will exceed 370,000 by 2032, representing 11 percent of the UAE’s passenger vehicles.

The UAE, as a part of its commitment to achieving net-zero emissions target, has pledged to increase the share of electric and hybrid vehicles to 50 percent of all vehicles sold by 2050.

Mohamed Al Khadar Al Ahmed, CEO of Kezad Group, said the lithium processing plant aligns with the UAE’s broader goals of innovation and sustainable development.

“We welcome Titan Lithium Industries to Kezad and look forward to the project’s significant contribution to the UAE’s strategic vision of diversifying its economy and reinforcing its position in the global market,” he said.

Latest articles

A square in Cairo

‘Worst is behind us’ in Egypt’s black market dollar war says BMI

The Egyptian government’s priority for 2024 should be to keep the gap between the official and parallel exchange rates for Egypt’s pound and the US dollar as narrow as possible, says BMI Research. In a webinar on Tuesday BMI, a Fitch Group firm specialised in country risk, said that “the worst is behind us” in […]

Oman UAE deals Sultan of Oman president of UAE

Oman and UAE sign deals worth $35bn

The UAE and Oman have announced a host of new commercial and business deals worth a total of AED129 billion ($35 billion). The partnerships were agreed during Monday’s state visit to the Emirates by the ruler of Oman, Sultan Haitham bin Tariq al Said.  Investment and collaboration agreements covered areas including renewable energy, green metals, […]

A silver trader in his shop in Ahmedabad, India. India is sourcing an increasing amount of its silver from the UAE

India’s silver imports from UAE on the rise

Supplies of silver to India from the UAE have increased this year, as the Emirates’ exporters benefit from an agreement signed between the countries two years ago. The India-UAE comprehensive economic partnership agreement signed in 2022 has significantly boosted imports, according to a report by Indian English-language business newspaper The Financial Express.  The UAE route […]

A worker at Al Faw Grand Port. The Development Road project aims to connect the port with Turkey

Gulf to collaborate on $17bn Suez Canal road and rail rival

The $17 billion “Development Road” project is moving ahead after the UAE, Iraq, Qatar and Turkey signed a quadrilateral cooperation agreement.  The road and rail collaboration aims to tie the Al-Faw Grand Port in Iraq’s oil-rich south to Turkey, thereby shortening travel time between Asia and Europe in a bid to rival the Suez Canal. […]