Finding the ideal location for your business and helping you secure the funding you need are the priorities of the Kizad management team.
Making sure companies find their optimum location within Kizad is of paramount importance. The first step to satisfying this aim is for interested parties to fill out either of the following forms:
These two forms differ according to the type of facility or operation the interested party plans to establish. After completion of the appropriate form, Kizad’s Business Services and Technical Services Teams will review the application. It will then be sent on to the Plot Allocation Committee, which assigns the best plot of land for the applicant’s business. The next stage involves talks between the applicant and Kizad before a final agreement on the venture being established in the Industrial Zone is reached. The applicant may then opt for a Preliminary Agreement allowing time to complete the required conditions precedent or move on to signing the final agreement. For this purpose Kizad has developed a bankable instrument that enhances access to third party finance and investment.
The Musataha Agreement – A Finance Enabler
Business owners that have completed all stages of the land leasing process are invited to sign a Musataha Agreement. This is a long-term property right agreement that is capable of being registered at the Abu Dhabi Land Registry Department in the name of the investor. Signing the agreement ensures the investor legally owns all assets developed on their plot of land within Kizad while they reside at the Industrial Zone, and guarantees tenure provided the business operates within the terms of its license. It also acts as a supporting document for securing loans and mortgages related to an investor’s business. In certain cases, Kizad will enter into direct agreements with an investor’s lenders thereby strengthening the security package an investor is capable of offering for raising capital. Such support is offered to ensure business owners can access the capital for establishing operations in the Industrial Zone and secure long term financial stability. All companies entering into the Musataha Agreement are subject to Kizad’s rules and regulations, which are in place to establish a safe, efficient and sustainable business environment.
Leasehold Agreements
For investors who wish to secure agreements to rent or lease buildings a standard long-term lease agreement will be utilised.
