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Phase -1 of Al Ain Industrial City Opens
ABU DHABI - The industrial activity is picking pace in Abu Dhabi and the second phase of the Al Ain Industrial City (AAIC) was opened yesterday by ZonesCorp Chief Executive Officer, Engr Jaber Hareb Mugheer Al Khaili.
With the extension completed, the Al Ain Industrial City is now a 10 -square km site in Madina Sanaya District (south of Zakher), it is only 20 km from the heart of the city of Al Ain and adjoins the main freight road link between Abu Dhabi, Al Ain and Dubai. The industrial estate provides 300 mixed industrial & commercial plots and incorporates over 30 kilometres of surfaced road and street lighting, 28 km of sewer mains along with 2 sewer pumping stations on the site, and an irrigation system which utilises recycled water to irrigate the landscaping.
Following the success of phase one of the Al Ain Industrial City, which was delivered ahead of time and on budget, ZonesCorp has continued in partnership with the Abu Dhabi Commercial Bank and the Macquarie Group (Macquarie) in a public private partnership (PPP) to continue to deliver high quality infrastructure developments in Al Ain.
Once again, the development has been delivered on time and within budget.
This comes on top of similar successful delivery of the Industrial City of Abu Dhabi – Extension Phase 1, Industrial City of Abu Dhabi – Gas Works and Industrial City of Abu Dhabi, Extension Phase 2 Early Works all of which were on time and on budget.
ZonesCorp Chief Executive Officer, Eng Jaber Hareb Mugheer Al Khaili said that the completion of Phase-2 of the Al Ain Industrial City continues ZonesCorp’s expansion plans to develop industrial cities for Al Ain and mirrors our commitment to supporting the ongoing economic development of the city and the Emirate. AAIC will underpin the sustainable growth of the Al Ain industrial sector, which is of vital importance to providing increased job opportunities for skilled labour and national manpower in the Emirate.
Importantly, it further demonstrates ZonesCorp’s commitment to providing opportunities for local, regional and global companies to easily establish businesses in world-class facilities with ready access to international markets.
“Over 50 per cent of AAIC, Phase- 1 has already been allotted, with a small number of tenants having commenced construction, and a significant amount of interest in phase 2 being received which proves, the huge demand, for high quality, well-planned industrial space in Abu Dhabi,” Engr Jaber Hareb Mugheer Al Khaili added.
Hajir Naghdy, managing director of ADCB Macquarie and speaking on behalf of the ADCB Macquarie joint venture, showed his satisfaction over the success of the PPP model.
The successful joint venture is testament to how the private and public sector can leverage each other’s strengths to create world class assets and great investment opportunities.—
haseebhaider@khaleejtimes.com
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