PHOTO
Kizad signs nine SMA's with national and international businesses in the first quarter of 2015
Abu Dhabi - Abu Dhabi Ports has announced that it signed nine standard musataha agreements (SMAs) in the first quarter of 2015, increasing the number of Kizad investors by 15% in just three months.
The close proximity of Khalifa Port and its transport infrastructure were key deciding points for all of the investor companies. Khalifa Port and Kizad are intrinsically linked, offering supply chain efficiencies that will add significant value to these latest business operations.
Four of the companies have already announced their commitment to invest in the industrial zone, these include National Catering Company (catering supplies), Gulf Precast (construction materials), Safe Care Medical (medical supplies) and most recently Advanced Manufacturing Solutions (automotive spare parts brake pads and discs).
A further five companies have now signed SMAs with Abu Dhabi Ports, including; HCG, Afaq Al Khaleej, Schmidt Logistics, Naseem Al Bawadi and Tmdeed. All of these companies have international business links and are - in different ways - logistics focused.
Combined the nine new investors represent an investment worth more than US$ 232 million(AED 853 million) and their new plots cover a land area of over 422,000 square meters.
Capt. Mohamed Juma Al Shamisi, CEO, Abu Dhabi Ports comments; "We are now observing a cumulative effect across the Khalifa Port trade and industrial zone - Kizad, as more companies become operational and more are attracted to the zone, because of its superb location, transport links, world class infrastructure and competitive operating costs.
"The first quarter of this year has been an exceptional one.I welcome these new investors and congratulate them on choosing an ideal location to build their business operations. The many advantages offered by such close proximity to Khalifa Port and the industrial zones outstanding services and infrastructure will help each company to achieve its business goals."
To date, 71 national and international investors have chosen Kizad as their production or logistics base. Ten of these will have completed construction and will be fully operational by the end of this year.Abu Dhabi Ports has now leased a total of 11 million square metres of land in the trade and logistics zone, which represents a total investment of more than USD13 billion (AED 47,75 billion).
Once these investors are fully operational, Khalifa Port's throughput is expected to increase by 900,000 tonnes of general cargo and containers annually.
-Ends-
About Abu Dhabi Ports
Established in 2006, Abu Dhabi Ports' core objective is to facilitate the diversification of the economy by stimulating trade and development. This is done by delivering high quality maritime services, supporting partners' infrastructure projects and setting up new companies and joint ventures in the ports and logistics sectors.
The flagship state-of-the -art Khalifa Port and Khalifa Industrial Zone play a big role, supporting the diversification of the economy. Khalifa Port was inaugurated on 12/12/12 by UAE President HH Sheikh Khalifa bin Zayed Al Nahyan. The port's semi-automated container terminal handles all of Abu Dhabi's container traffic, after its transfer from Zayed Port, the historic port in the city centre.
Phase One of Khalifa Port has a capacity of 2.5 million TEUs and 12 million tons of general cargo. Further phases of development will occur as market demand requires. When all phases are complete, Khalifa Port will be able to handle 15 million TEUs and 35 million tons of general cargo per year.
Abu Dhabi Ports manages nine commercial, logistics, community and leisure ports, and Khalifa Industrial Zone which is serving a range of logistics and manufacturing investors.Abu Dhabi Ports is boosting Abu Dhabi's economic growth and diversification, following Abu Dhabi's Economic Vision 2030.
Follow us on twitter: @AbuDhabiPorts
© Press Release 2015
