Kizad plans to woo foreign investors

Abu Dhabi Ports and Khalifa Industrial Zone Abu Dhabi on Tuesday announced expansion plans for the largest Free Trade Zone in the region. 
Abu Dhabi Ports CEO Captain Mohamed Juma Al Shamisi said the decision to expand the free zone is underpinned by the leadership to achieve Kizad's strategy to provide an attractive environment and destination for foreign investments in various sectors.
"We decided to make the announcement of the Khalifa Port Free Trade Zone 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," Al Shamisi said.
Khalifa Port Free Trade Zone, 100sq km free zone area, 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 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 region.
Kizad chief executive officer Mana Mohamed Saeed Al Mulla described the expansion of 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".
- ashwani@khaleejtimes.com