KIZAD Reveals Largest Free Trade Zone at GMIS 2017

Addressing the announcement at the press conference held at GMIS, Captain Mohamed Juma Al Shamisi, said, “The decision to expand the free zone is underpinned by the wise leadership of the 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 FTZ 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”.

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.

Mana Mohamed Saeed Al Mulla, KIZAD CEO, described KIZAD’s announcement to expand 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” adding that “KIZAD is committed to adopting the latest innovations in all aspects of its industrial clusters that will support its main objective to build a sustainable economy and put the UAE at the forefront of many specialized industries in the region. With this new addition of Free Zone land, we intend to attract global interest from manufacturing investors that will bring new technology, product diversification and increased trade through our ports”.

Spanning a total area of 84 square meters, Area B will feature heavy, light and logistics industries, commercial complexes, big-box retail stores, a town centre and mixed-use developments, as well as residential developments.