Developer also teases two new investment projects in UAE capital and Al Ain ahead of Cityscape Abu Dhabi 2019
Abu Dhabi-based economic and industrial project developer ZonesCorp says it has launched the second phase of Rahayel City.
Described as a ‘world class’ auto hub located at the centre of Abu Dhabi’s three major urban areas of Khalifa City, Shakhbout City and Mohammed Bin Zayed City, the development spans 12.3 sqkm, and is intended for automotive manufacturers, distributors, new and used cars showrooms and auction marts, service providers and dealers operating in the UAE capital.
Scheduled for completion in Q1 2020, Rahayel City is the first smart economic zone in a dynamic environment that allows automotive businesses to thrive while enhancing the shopping and service experience of customers and providing a diverse and attractive range of related investment opportunities, said ZoneCorp in a statement: “Designed in collaboration with experts in the automotive industry, the city will feature serviced lands and smart buildings that meet the needs of investors and customers alike. Rahayel City will also provide the full spectrum of services related to automotive commercial activities, including licensing and maintenance by modern workshops that comply with the highest global technical and operational standards, in addition to specialized training programs with attested certificates.”
ZonesCorp is also set to announce two new and modern investment projects in Abu Dhabi and Al Ain at the Cityscape Abu Dhabi 2019 event this week.
According to the organisation, the new projects will cover a total area of two million sqm and support an extensive range of industrial and commercial activities. The first project is planned for ICAD Zone 3 and comprise the ICAD Business Park (1.1 million sqm), ICAD Gate (470,000 sqm), and a 234,000 sqm prefabricated factory project.
A second project – Al Ain Investment Complex in Al Ain Economic Zone – will extend over a total area of 155,000 sqm, it added in a statement previewing the announcement.
“The new projects will boast world-class infrastructure, accessibility and connectivity in strategic locations that comprise more than 650 industrial and commercial projects, and offer preferential local and international market access for investors seeking world-class industrial zones that combine excellent services within a mixed-use development. Each of the projects will include an incubator and specialized units equipped to host industrial activities that cater to the needs of small and medium-sized enterprises (SMEs),” it stated.
“ZonesCorp’s strategic planning and objectives aim to attract further local and international investments in line with Ghadan 21, the AED50 billion three-year development program launched in 2018 by His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces,” said His Excellency Saeed Eisa Mohammed Al Khyeli, director general, ZonesCorp. ” The initiative focuses on four main tenets – business and investment, society, knowledge and innovation, and lifestyle.
ZonesCorp is the ideal partner for local and international investors in the private sector. Our new projects offer immense potential in terms of market access and growth opportunities for businesses and innovators looking to establish or expand their presence in Abu Dhabi’s rapidly growing non-oil sectors, including ventures led by Emiratis as well as SMEs.
“We will provide facilities, logistical support and a full range of world-class services based on our understanding of investor requirements throughout the establishment, construction and operational phases of these projects. In addition, we will ensure that participating businesses receive advice and other resources as part of our commitment to get these projects off to a robust start as ideal destinations for investors.”