BY: Ahmed Samir Hassan
Khalifa Industrial Zone (KIZAD), affiliated to Abu Dhabi Ports Company, has acquired investments exceeding AED 55 billion from its opening in November 2010 till January 2017.The investment concentrated on the industrial sectors, which contributed by 3.2 percent in non-fuel GDP of United Arab of Emirates. As a commercial, industrial, logistic hub between UAE and other countries, KIZAD has signed 20 new Musataha agreements (Usufruct right) with some local and foreign investors to increase the total investors up to 130 in the city, including 88 investors signed on Musataha agreements, 21 investors in the logistical complex, and 25 investors in KIZAD. Abu Dhabi Ports Company has lately signed Musataha agreements with Integral Plastic Industries Company to build a new plant with investments for AED 10 million, and Emirates Aluminum Wrap Limited Company to build a plant for investments AED 440 million in Light aluminum manufacturing complex in Khalifa Industrial Zone, a joint venture between Dubai Industrial Investment company and Singaporean ‘MADAR’ Aluminum Company.
