14 September 2011
Through its participation in CIFIT, Kizad signs a marketing MoU with one of the largest banks in China ICBI:
Xiamen - CHINA, September 8th, 2011- Abu Dhabi Ports Company’s (ADPC) mega project Kizad, (Khalifa Industrial Zone Abu Dhabi) which is one of the world’s largest industrial zones, returned to China this week through its participation at the 15th CIFIT Exhibition (China International Fair for Investment and Trade) taking place in Xiamen.
Kizad’s participation is a clear state of the company’s commitment to the Chinese market. Last June Kizad was introduced to a receptive audience of investors and industrialists in Tianjin, 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.
Continuing on the momentum with China, Kizad signed a MoU agreement with Industrial and Commercial Bank of China (ICBC), one of the largest banks in the country. The Agreement was signed by Mr. Dong Chaoen from ICBC and Mr. Khaled Salmeen, Executive Vice President, Kizad. The MoU is intended to work together for mutual benefit in support of Kizad and the economic diversification and industrialization objectives envisaged under the Abu Dhabi 2030 Economic Vision.
Commenting on the exhibition, Mr. Khaled Salmeen, Executive Vice President of Industrial Zones at ADPC said, “We are honoured to be back in China and taking part in CIFIT, which is one of the most important investment and trade exhibitions here. It is clear that China is one of our priority markets and with the level of interest we observed in Tianjin last June, we are confident that Xiamen will result in more interest generated by Chinese companies looking to expand beyond their borders.”
This is the second visit to China in three months for Kizad and with the level of interest shown from Chinese companies, the company will make sure to solidify its presence and offering to one of the fastest growing markets in the world.