22 October 2011
Oct 22, 2011
MoU signed between Kizad and Confederation of Indian Industry
Organized by the Department of Economic Development (DED), led by H.E. Mohamed Omar Abdulla, Undersecretary of the DED, a high-level delegation from Abu Dhabi Ports Company (ADPC) attended the Abu Dhabi and Mumbai Investment Forum to meet with Indian leaders and decision makers to discuss and highlight the extensive investment opportunities that Abu Dhabi can offer. Executive Vice President of Industrial Zones at ADPC, Mr. Khaled Salmeen, attended the forum and presented Khalifa Industrial Zone Abu Dhabi (Kizad) as a business hub for Indian investment.
Kizad is back in India as part of its commitment to strengthen its long-term strategic relationship with the Indian market and to highlight the industrial zone’s unique offerings to Indian investors. With India being one of the most important, fast developing markets in the world, and following a successful road show earlier this year, Kizad is keen on following up with key potential customers who have expressed interest in setting up in one of the world’s largest industrial zones. Kizad aims to stress values offered to the Indian market which include low utilities cost and ease of doing business. Kizad offers one of the most reliable utilities in the world as well as low land leasing rates that can help put it ahead of competition.
In light of the forum, Kizad signed a strategic agreement with the Confederation of Indian Industry (CII) to work together in support of Kizad and aspirations of the Indian industries.Commenting on the event, Mr. Khaled Salmeen said: “We are honoured to be a part of the DED’s delegation to India participating in the Abu Dhabi and Mumbai Investment Forum, Kizad is committed to the continuous development and economic growth of its partners and interested tenants. Our agreement with the Confederation of Indian Industry is a strategic step towards achieving our mission to provide exceptional levels of efficiency, profitability and ease of doing business and we look forward to expand our relationships with our Indian customers. Given the high number of Indian companies that have shown investment interest, reassures us that Kizad is providing the value propositions needed specifically for the Indian market."
The objective of signing the agreement between Kizad and CII is mainly focused on promoting Indian investment particularly in Industrial, warehousing and logistics projects in Kizad and to facilitate doing business in Kizad. Under this agreement, both parties will share information and cooperate in a manner that supports positive growth of Indian relations with the UAE and Kizad in particular.