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Abu Dhabi, UAE - Zonescorp officials welcomed a group of high-level investment professionals from Japan on a visit to the ZonesCorp managed ICAD 1 (Industrial City Abu Dhabi 1). During the visit ZonesCorp gave a presentation to the group showcasing its model for developing industrial infrastructure in Abu Dhabi and creating an effective commercial environment to support growth and economic diversification with specialized economic zones. The visit was headed by the Director General of the JCCME UAE-Japan desk who was accompanied by a senior consultant from Nomura Research Institute in Japan to study the investment opportunities in Abu Dhabi and look at best practices for managing economic zones.
ZonesCorp is rapidly becoming one of the leading destinations for industrial investment in the region attracting over US$1bn worth of foreign direct investment in the last two years from companies all over the globe. This includes investment by some of Japan's biggest industrial and manufacturing names including Mitsubishi Hitachi Power Systems ltd, Adeka Corporation, Nippon Steel and the Sumitomo Metal Corporation.
During the visit the group also toured a number of the top facilities operating in the economic zones and the Worker Residential Cities showcasing the extensive infrastructure available to investors and the broad mix of companies that have set up successful facilities. The tour included a visit to Neopharma, which is one of the world's leading pharmaceutical manufacturers with a facility in ICAD 1.
The visit took place as part of a wider delegation of Japanese statesmen and business leaders visiting Abu Dhabi to attend the 4th Abu Dhabi-Japan Economic Council hosted by the Abu Dhabi Department of Economic Development. The aim of the Council is to strengthen economic ties between the two countries, promote trade and investment, build long lasting trading relationships and encourage advanced knowledge and technology transfer.
HE Saeed Issa Al Khaili, Acting Chief Executive Officer at ZonesCorp commented:
We were delighted to welcome the delegation from Japan to the economic zones managed by ZonesCorp. The ICADs are a natural fit for Japanese investors looking to access the emerging markets of the Middle East and the more mature markets of the west thanks our world class infrastructure, tax free environment and the low operating costs.
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About The Higher Corporation for Specialized Economic Zones (ZonesCorp)
Higher Corporation for Specialized Economic Zones was established by Law No. (3) in 2004 to contribute in growth and economic diversification in Abu Dhabi, by planning, developing, operating and promoting the specialized economic zones and labour cities in line with the economic vision of Abu Dhabi and its five year economic plan.
Higher Corporation is the largest developer of industrial zones in the emirate, where it developed five industrial zones with a total area of nearly 50 kilometres, provides the ideal environment for local and international industrial companies; it has developed more than 500 industrial projects within the Corporation's zones in Abu Dhabi and Al Ain. All projects within the Higher Corporation zones have on top of various investment advantages, a ready for development territory and a world class serviced infrastructures which have been designed according to designated economic activities and supported by transport and logistics services networks. The Corporation also offers support and assistance to investors within its zones through a service centre and its accumulated expertise throughout all the phases of any project such as planning, developing and up to the operating phase.
In addition to the economic zones, the Higher Corporation, in partnership with the private sector, developed 27 world class labours cities aiming to provide decent accommodation for the industrial and construction workers; these cities commensurate with the cultural, industrial and economic development of the Emirate of Abu Dhabi with a capacity of 360 thousand workers scattered in different areas within Abu Dhabi; with future plans to increase its capacity to more than 500 thousand workers.
For more information, please contact:
The Higher Corporation for Specialized Economic Zones (ZonesCorp)
Samer Al Haira
Mobile: +971 56 6877 933
Email: samer.alhaira@zonescorp.com
Aaesha Ali
The Higher Corporation for Specialized Economic Zones (ZonesCorp)
Mobile: +971 50 6167 190
Email: aaesha.ali@zonescorp.com
Newgate Communications
Habib Bacha
Mobile: +971 50 1113 799
Email: habib.bacha@newgatecomms.com
© Press Release 2016
