Abu Dhabi Ports Company unveils the 417 sq km Khalifa Industrial Zone (Kizad)
Kizad, a 417 sq km industrial zone strategically located between Abu Dhabi and Dubai, is now ready to receive applications from potential tenants. With one of the world’s most advanced deepwater seaports and world-class infrastructure including Union Rail’s network, Kizad will benefit from excellent multimodal connectivity via sea, air, road and rail networks to ensure easy accessibility to and from the Industrial Zone. Phase 1, which was launched yesterday, is 51 sq km with an investment of AED 26.5 billion or $7.2 billion.
Earlier in the day, a press conference was held at the Emirates Palace hosted by Dr. Sultan Al Jaber, Chairman of ADPC, Tony Douglas, CEO ADPC and Khaled Salmeen, Executive Vice President, Industrial Zones, ADPC to mark the launch of Kizad, the largest industrial zone in the region and to explain the key benefits of the project and its importance to the Abu Dhabi Economic Vision 2030.
Kizad is a cornerstone of the Abu Dhabi Economic Vision 2030 which also highlights the drive to diversification of the economy in pursuit of sustainable growth less dependent on the oil and gas industries. Its purpose is, in part, to create the range and number of opportunities necessary to recruit, retain and develop local and skilled expatriate talent to build a sustainable knowledge economy whilst reducing reliance on unskilled labour.
By 2030, Kizad will be expected to contribute around 15% of Abu Dhabi’s non-oil GDP. It will be a powerful magnet for foreign direct investment, with global business locating large-scale primary and downstream manufacturing facilities in the Industrial Zone. It is anticipated that between 60% and 80% of the goods manufactured within Kizad will be exported, adding further value to the nation’s economy.
Kizad’s strategy is to attract world-class companies, and to establish international industry best practices throughout the Zone. Global and local companies alike will find in Kizad the business efficiencies, market access, low cost operating environment and support essential for long term competitive advantage. Kizad will set new standards for industrial zone infrastructure, environment and operation, reinforcing Abu Dhabi’s global competitive advantage.