Goals align with Abu Dhabi 2030 vision
Tenants at KIZAD (Khalifa Industrial Zone Abu Dhabi) are to benefit from financing and banking solutions, under an agreement signed between KIZAD and Citibank.
The partnership will also work to increase foreign direct investment through joint worldwide marketing opportunities, via Citibank’s global network.
“The partnership with a global financial partner of the caliber of Citi, is a strategic move that enhances Kizad’s attractiveness in our target markets, through the use of their global network and expertise,” commented executive VP of Industrial Zones at ADPC, Khaled Salmeen.
Steve Donovan, managing director and head of Citi’s Global Transaction Services in the Middle East and Pakistan, says the partnership will support growth projections.
The objectives align with the Abu Dhabi 2030 vision.
KIZAD will comprise a number of industrial “clusters” for the aluminium, steel, engineered metal, petrochemicals and pharmaceuticals sectors among others.
Last week a report from EC Harris ranked the regions ports infrastructure as the best in the world.