05 June 2011
DED’s Abu Dhabi - Tianjin Investment Forum provides platform for dialogue on investment opportunities for Chinese companies in Abu Dhabi’s 417sq km industrial zone:
Abu Dhabi, June 4th, 2011- Abu Dhabi Ports Company launched Kizad,(the Khalifa Industrial Zone Abu Dhabi) one of the world’s largest industrial zones, in China.
The announcement follows the launch of Kizad to the Indian and South Korean markets over the last ten days as part of its international road show.
Kizad was introduced to a receptive audience of investors and industrialists in Tianjin, China, as part of the Abu Dhabi-Tianjin Investment Forum organised by the Abu Dhabi Department of Economic Development, in partnership with the Regional Government of Tianjin. During the forum, which focused on the rationale behind Abu Dhabi’s economic diversification into non-oil industries, Mr. Khaled Salmeen, Executive Vice President of Industrial Zones at ADPC, presented Kizad’s unique proposition to an audience including representatives of China’s leading industrial companies.
The UAE and China’s non-oil trade hit AED 46 billion in 2010, making China one of the UAE’s most important trading partners. Tianjin, the sixth largest city in the Asian giant, and a major industrial centre, provided the ideal location for Mr. Salmeen to present Kizad’s features, which include world class infrastructure, low operating costs and ease of doing business.
The industrial zone, which is two-thirds the size of Singapore, is expecting its first phase infrastructure – along with the adjacent Khalifa Port - to be completed by Q4 2102. It is currently ready to offer potential tenants the opportunity to expand beyond their borders. Chinese businesses were impressed with the unique opportunities that Kizad provides, including access to approximately 4.5 billion consumers within four time zones of its Abu Dhabi location.
Commenting on this occasion, Mr. Salmeen, said: “China is one of the most important markets in the world and has a reputation for wanting to constantly grow. It is therefore an honour to have the opportunity to showcase Kizad and explain what it can offer Chinese businesses as an environment for doing business.”
The UAE and China’s non-oil trade is increasing steadily year after year, indicating strengthening economic ties between the two countries. There are currently around 3,000 Chinese companies operating in the UAE, with the country housing a significant Chinese community of about 200,000. Offering free zone and non free zone options, Kizad can play an integral part in helping the UAE diversify its economy by paving the way for foreign direct investment from China.
Mr. Salmeen continued, saying, “This marks Kizad’s first visit to China, and we are confident that through its exceptional business environment, the Industrial Zone will provide Chinese companies all the necessary elements to establish successful enterprises.”
Kizad is set to contribute 15% of Abu Dhabi’s non-oil GDP by 2030. The zone’s strategy is to attract world-class companies and to establish international industry best practices. Global and local companies alike will find in Kizad the business efficiencies, market access and low operating cost environment that are essential for long term competitive advantage. Kizad will set new standards for industrial zone infrastructure, environment and operation, reinforcing Abu Dhabi’s Economic Vision 2030.