UAE dissolves ZonesCorp, transfers assets to Abu Dhabi Ports Company

ZonesCorp's assets, rights, commitments and employees will be transferred to Abu Dhabi Ports Company

  
Abu Dhabi Ports employees at work at Khalifa Port. Image for illustrative purposes.

Abu Dhabi Ports employees at work at Khalifa Port. Image for illustrative purposes.

Abu Dhabi Airports/Handout via Thomson Reuters Zawya

DUBAI- The president of the United Arab Emirates issued a law to dissolve the Higher Corporation for Specialised Economic Zones of Abu Dhabi (ZonesCorp) and for it to be absorbed under Abu Dhabi Ports Company, the Abu Dhabi government said on Twitter.

ZonesCorp's assets, rights, commitments and employees will be transferred to Abu Dhabi Ports Company, which will now run the economic zones.

(Reporting by Hadeel Al Sayegh; Writing by Yousef Saba; Editing by Alison Williams) ((Yousef.Saba@thomsonreuters.com; +971562166204))

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