Kizad expands to become largest UAE freezone
Abu Dhabi Ports has announced its plans to expand KIZAD into the largest Free Trade Zone in the UAE at an event on Tuesday
Abu Dhabi Ports has announced its plans to expand Khalifa Industrial Zone Abu Dhabi (KIZAD) into the largest Free Trade Zone in the UAE at an event on Tuesday.
The masterplan for the expansion will include an additional 100 square kilometers of space to accommodate more industries as well as a new Business Park.
The announcement was made at a press conference during the Global Manufacturing and Industrialisation Summit 2017 (GMIS) earlier this week as a response to the rising demand from both foreign direct and existing investors wanting to establish and grow their manufacturing and industrial businesses in UAE free zones.
Captain Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports, said: “The decision to expand the free zone is underpinned by the wise leadership to achieve KIZAD’s strategy to provide an attractive environment and destination for foreign investments in various sectors.”
The Khalifa Port Free Trade Zone is currently the second fastest growing port in the world, and is poised to become the future of trade in the emirate of Abu Dhabi.
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, Aluminum, light, medium and heavy industries.