Abu Dhabi Ports Company (ADPC) has launched the Khalifa Industrial Zone Abu Dhabi (KIZAD) in China.
The zone, which includes “world-class” infrastructure and low operating costs was introduced to an audience of China’s leading industrial investors and companies in Tianjin, the country’s sixth largest city and a major industrial centre, as part of the Abu Dhabi-Tianjin Investment Forum.
“China is one of the most important markets in the world and has a reputation for wanting to constantly grow,” said Khaled Salmeen, executive vice president of Industrial Zones at ADPC.
“It is therefore an honour to have the opportunity to showcase KIZAD and explain what it can offer Chinese businesses as an environment for doing business,” he added.
The event, which focused on the rationale behind Abu Dhabi’s economic diversification into non-oil industries, was organised by the Abu Dhabi Department of Economic Development, in partnership with the Regional Government of Tianjin.
“This marks KIZAD’s first visit to China, and we are confident that through its exceptional business environment, the Industrial Zone will provide Chinese companies all the necessary elements to establish successful enterprises,” Saleem continued.
The industrial zone, which is two-thirds the size of Singapore, is expecting its first phase of infrastructure – along with the adjacent Khalifa Port – to be completed by Q4 2012. It is already ready for tenants and representatives from ADPC recently visited Mumbai to promote the facility to Indian investors.
Salmeen has also visited South Korea to promote investments to 200 delegates from Korea’s leading companies.
There are currently around 3,000 Chinese companies operating in the UAE and KIZAD is set to contribute 15% of Abu Dhabi’s non-oil GDP by 2030.