KIZAD cuts fees for over 75% of its services to further attract investors

Abu Dhabi: Khalifa Industrial Zone Abu Dhabi (KIZAD), an Abu Dhabi Ports subsidiary, has waived the charges for over 75% of its services, in line with the Abu Dhabi Government directive to encourage further investment into the emirate.

In an ongoing commitment to the growth and success of operations at KIZAD, three quarters of services will be offered free of charge, while fees for a significant number of the remaining services will also be reduced and streamlined to a simpler tariff structure. The initiative is expected to contribute to savings for the investors while furthering the competitive business advantage at KIZAD for its current and future clients.

Captain Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports, said: “We continue to support the government initiatives to build an investor-friendly environment by providing our partners and customers with the incentives they need for their businesses to thrive and grow. We are committed to Abu Dhabi’s drive to become a global gateway for businesses from all parts of the world.

“The cost of setting up and maintaining a successful business at KIZAD is more achievable now than ever before. It is an ideal opportunity for companies of all sizes to benefit from such incentives for either growing their business or entering new markets.”

The exemptions are aligned with Ghadan 21, the three-year, AED 50 billion Development Accelerator Programme for the emirate, which is anchored around four main pillars: Social, Economic, Liveability and Knowledge.

The decision to waive fees also builds on the incredible success that Abu Dhabi Ports has had in attracting investors to KIZAD since it was launched in 2010. To date, the zone has attracted more than 500 investors and more than AED 65 billion in investment across multiple sectors, including metals, polymers, oil and gas, automotive, food, energy and logistics.

The new fee structure will be applicable from this month onwards.

For more information: http://www.kizad.ae/

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About Abu Dhabi Ports

Abu Dhabi Ports was established in 2006 with the mission to transform the Emirate’s maritime infrastructure and support the vision of its Leadership to be at the forefront of maritime, trade and industry.

Today, it operates 11 ports and terminals across the UAE and abroad, as well as Khalifa Industrial Zone Abu Dhabi, the Emirate’s integrated trade, logistics and industrial hub.

The flagship of the company is Khalifa Port. Inaugurated in December 2012, it was the first semi-automated container port in the region. The port is currently undergoing a five-year, AED 10 billion expansion that is being driven by partnerships with some of the world’s leading maritime companies, such as COSCO SHIPPING Ports Ltd and MSC Mediterranean Shipping Company. The strategy will see capacity at the port increased from 5 million to 9.1 million. Through its joint venture Fujairah Terminals, Abu Dhabi Ports is also rejuvenating the Port of Fujairah, creating a new gateway to the UAE.

Abu Dhabi Ports is also harnessing emerging technologies to simplify and streamline operations. Its digital entity, Maqta Gateway, is the developer and operator of the first Port Community System in the UAE, and the first UAE entity to test blockchain technology with an international maritime operator, helping to strengthen maritime security.

Abu Dhabi Ports aim to charter a path of sustainable growth by protecting the ocean, encouraging responsible citizenship, and promoting the sharing of knowledge and expertise to fuel entrepreneurship and innovation. “SAFEEN”, which is providing a comprehensive range of marine, navigational and ancillary quayside services as well as VTS Services and fleet maintenance in a safe, secure and efficient manner.

To meet the increasing demand of cruise liners and passengers, Sir Bani Yas Cruise Beach was developed, offerings cruise ship passengers a new beach destination with unmatched tourism experiences.

We want to ensure a legacy across the region and supporting the development of talent is key to this. Through our maritime academy and our investments into the personal and professional development of our employees, we are creating maritime leaders who will carry UAE trade to even greater heights. Additionally, Abu Dhabi Ports also manages the Maritime Training Centre at Musaffah Port. 

In 2019, Abu Dhabi Ports became the first company in the UAE and Middle East to receive the Platinum Accreditation from Investors in People (IIP), an international non-profit standard for people management and training. It also received the Palladium Balanced Scorecard Hall of Fame for Executing Strategy award, which recognises organisations whose well-designed strategies and sustained excellence in execution have yielded industry-leading performance. 

Follow us on twitter: @KizadUAE @AbuDhabiPorts

© Press Release 2019