TOWARDS A SUSTAINABLE KNOWLEDGE BASED ECONOMY
From the outset, Kizad has been a cornerstone of Abu Dhabi Economic Vision 2030, one of the means by which ambitious, long-term targets will be delivered.
Planning tomorrow, today. From the outset, Kizad has been a cornerstone of Abu Dhabi Economic Vision 2030. It is the means by which a number of ambitious, long-term targets will be delivered, and marks a substantial drive towards diversification of the economy in pursuit of sustainable growth less dependent on the oil and gas industries. Its purpose is, in part, to create the range and number of opportunities necessary to recruit, retain and develop local and skilled expatriate talent to build a sustainable knowledge economy whilst reducing reliance on unskilled labour.
Create Job Opportunities
Driven in part by Abu Dhabi’s long term population growth, one of Kizad’s foremost objectives is to increase the number of highly skilled jobs available in Abu Dhabi, across a range of sectors and over the long term. These will be high quality jobs, drawing in expertise from around the world to create opportunities for Emiratis and expats living in the country to develop the skills and expertise to flourish on a world stage.
Attract Foreign Investment
The economic benefits are obvious – by 2030, Kizad will be expected to contribute around 15% of Abu Dhabi’s non-oil GDP. It will be a powerful magnet for foreign direct investment, with global business locating large-scale primary and downstream manufacturing facilities in the Industrial Zone. It is anticipated that between 60% and 80% of the goods manufactured within Kizad will be exported, adding further value to the nation’s economy.
Reach out to world-class companies and establish international industry practices
Kizad’s strategy is to attract world-class companies, and to establish international industry best practices throughout the zone. Global and local companies alike will find in Kizad the business efficiencies, market access, low cost operating environment and support essential for long term competitive advantage. Kizad will set new standards for industrial zone infrastructure, environment and operation, reinforcing Abu Dhabi’s global competitive advantage.
Companies locating to Kizad are very much regarded as strategic partners, bringing expertise and investment to the Emirate, and in turn participating fully in the long-term growth and success created by sustained government investment. They will play an essential role in creating tomorrow’s business opportunities, today.