• Total of 15 companies have signed contracts with Jiangsu Provincial Overseas Cooperation and Investment Company Limited (JOCIC)
• $1 billion total investment so far
• Three new Chinese companies to enter into investment agreements
• Abu Dhabi Ports and JOCIC host Chinese delegation to raise awareness of opportunities in the Khalifa Port Free Trade Zone (KPFTZ)
Following an investment cooperation agreement concluded last year, Abu Dhabi Ports and the Jiangsu Provincial Overseas Cooperation and Investment Company Limited (JOCIC) announced that 15 Chinese companies have signed agreements to invest in Khalifa Port Free Trade Zone (KPFTZ), the largest free zone in the Middle East, totaling $1 billion in value.
Under the terms of last years’ agreement, China-UAE Industrial Capacity Cooperation (Jiangsu) Construction Management Co., Ltd., a UAE company established by JOCIC, would occupy and develop approximately 2.2 square kilometres of the free trade zone for companies from the Chinese province of Jiangsu. This area, now dubbed as the China-UAE Industrial Capacity Cooperation Industrial Park, is part of the KPFTZ and is expandable to reach 12.2 square kilometres.
During a visit to Abu Dhabi by JOCIC representatives from China, delegates were also invited on a tour of the industrial zone to see, first hand, the growth of industry as well as the variety in sectors. Read More >