08 October 2013 - Key investment and business leaders from around the world converge on Abu Dhabi
For the third consecutive year, ADPC’s Khalifa Industrial Zone Abu Dhabi (Kizad) has attended the 6th UAE Global Investment Forum which took place yesterday in Sowwah Square, Abu Dhabi’s new central commercial district.
Over 250 delegates, ranging from Abu Dhabi’s key decision makers to investors, business leaders and financiers from around the world, have taken part in the event which was organized in partnership with the Abu Dhabi Department of Economic Development (ADDED) and Institutional Investor Forums (iiforums), a leading provider of investment strategy conferences.
CEO and Managing Director of Kizad, Engineer Khaled Salmeen, was one of the top guest speakers, giving insights into the development process of the mega industrial zone while discussing its crucial impact on the UAE and Abu Dhabi’s economic diversification.
In addition, Salmeen took part in a panel discussion entitled “What makes the UAE so different?”, together with other high profile panellists, such as Samir Salloum, President of the French Business Group, Abu Dhabi, H.E. Fahad Al Raqbani, Director General of the Abu Dhabi Council for Economic Development, and Mohamed Al Hosani, Regional Development Director of the Western Region Development Council (WRDC).
Commenting on Kizad’s participation in the 6th UAE Global Investment Forum, Salmeen said:
“The Investment Forum is one of the most important communication platforms for experts to discuss the country’s economic challenges, developments and opportunities. On our mission to reduce the reliance on non-renewable energies, the UAE’s newly given emerging market status shows that we are moving in the right direction. Kizad will play a vital role in accelerating that movement towards 2030, where ADPC and Kizad are expected to contribute 15% of Abu Dhabi’s non-oil and –gas GDP by then.”
Being a cornerstone of Abu Dhabi’s Economic Vision 2030, Kizad is one of the region’s largest industrial undertakings. Together with the adjacent Khalifa Port, it covers an area of 418 square kilometres – two thirds the size of Singapore. To date, nearly 40 national and international investors from a broad spectrum of industry sectors have joined Kizad and begun construction of their facilities.
After signing Musataha agreements with Brasil Foods, Germany’s KSB, as well as TALEX, the first large scale aluminium extrusion facility in the UAE, it is clear that Kizad has begun attracting international investors with a recent announcement of a high degree of interest from investors in India.
As a result of this growing interest of Indian investors in the Abu Dhabi market, ADPC recently mentioned the issuance of a license to set up Kizad’s only foreign office to be launched in India soon.
The outstanding access to global markets, the ease of doing business and the low operating costs have made Kizad an extremely attractive industrial investment opportunity to both regional and international investors, wanting to expand their businesses into new markets in safe and stable economic environments.