KIZAD announces plans for largest free zone in GCC
Abu Dhabi Ports revealed their expansion plans for one of the largest Free Trade Zone in the region at the Global Manufacturing and Industrialisation Summit 2017 (GMIS).
Taking part as Industry Partner, the announcement was made by senior AD Ports and KIZAD officials at a press conference at GMIS.
The master developer, operator and manager of commercial and community ports in the UAE as well as Khalifa Industrial Zone Abu Dhabi, said the plans were in response to the rising demand from both foreign direct and existing investors wanting to establish and grow their manufacturing and industrial business in UAE free zones.
“The decision to expand the free zone is part of KIZAD’s strategy to provide an attractive environment and destination for foreign investments in various sectors,” said Captain Mohamed Juma Al Shamisi.
“We decided to make the announcement of the Khalifa Port FTZ at GMIS because its vision of uniting key industry experts and stakeholders and providing transformational ideas and solutions, along with a vision for the future that supports and benefits the private and public sectors, and civil society, is well in-line with our business objectives, mission and vision,” he added.
Khalifa Port Free Trade Zone (KPFTZ), a 100 sq km free zone area (across Areas A and B of KIZAD), is fully integrated with the region’s first semi-automated port, which has already attracted wide portfolio of investment sectors to KIZAD including aluminium, automotive, engineered metals, port logistics, food processing, pharmaceuticals, packaging, polymer converting and other industries, that rely on their proximity to Khalifa Port.
The new Free Trade Zone offers a flexible master plan that is capable of accommodating more industries in the future from a land use perspective. Within the additional free zone territory allocated in the 16 sq km Area ‘A’ of KIZAD will be a new Business Park.
The Khalifa Port Free Trade Zone, located adjacent to Khalifa Port, the second fastest growing port in the world, is poised to become the future of trade in the emirate of Abu Dhabi, adding significant value to investors, while strengthening Abu Dhabi’s position as a thriving maritime hub in the Middle East, Africa, and South Asia (MEASA) region.
Approximately 40 companies currently operate in the Khalifa Port Free Trade Zone with a mixture of activities including industrial, trading and service orientations. The primary focus of business activities is on trading, logistics, packaging, food & beverage, aluminium, light, medium and heavy industries.
Mana Mohamed Saeed Al Mulla, KIZAD CEO, described KIZAD’s announcement to expand current free zone area to a total of 100 square kilometers as “a new and attractive addition to the industrial investment landscape of Abu Dhabi”.
“KIZAD is committed to adopting the latest innovations in all aspects of its industrial clusters that will support its main objective to build a sustainable economy and put the UAE at the forefront of many specialized industries in the region,” he said.
“With this new addition of Free Zone land, we intend to attract global interest from manufacturing investors that will bring new technology, product diversification and increased trade through our ports,” he added.
Spanning a total area of 84 square meters, Area B will feature heavy, light and logistics industries, commercial complexes, big-box retail stores, a town centre and mixed-use developments, as well as residential developments.
Khalifa Port FTZ offers importers and exporters convenient reach to more than 4.5 billion consumers within four of the world’s time zones. In addition, the free trade zone’s multimodal connectivity to roads, ports, air and future rail networks ensures easy accessibility to all of the region’s key logistics and trading destinations.
The GMIS summit hosted a hand-selected audience of over 1,200 delegates, including Heads of State, Government Leaders, Ministers, Policy Makers and C-Suite Executives from Global 2000 Companies.
The event is taking place for the very first time globally and hosted in Abu Dhabi by UAE Ministry of Economy and the United Nations in Industrial Development Organization (UNIDO) from 27-30 March, 2017 at Paris Sorbonne University, Abu Dhabi.