MICCO to invest an initial AED 35 million in Khalifa Port's Industrial Zone

MICCO to invest an initial AED 35 million in Khalifa Port's Industrial Zone - Kizad

Abu Dhabi, UAE: Abu Dhabi Ports, operator and manager of ports and industrial zones in the Emirate of Abu Dhabi, has signed a standard Musataha agreement (SMA) with Al Mazroui International Cargo Company (MICCO) to establish a new Logistics Business Centre at Khalifa Industrial Zone Abu Dhabi (Kizad). The state-of-the-art facility will cater to MICCO's temperature controlled storage

Press Release

June 22, 2015

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Abu Dhabi Ports sees MICCO establish a world-class logistics business centre at Kizad

22 June 2015

MICCO's new Centre will be built in three phases. The first phase will see MICCO, a leading freight contracting company in the UAE and one of the oldest logistics service providers in Abu Dhabi, invest an initial AED 35 million for the first phase, with further investments anticipated based on the future developments of phase two and three. Their new facility, requiring a plot size of 30,000 square metres, is expected to be ready by Q4 2016 and fully operational by January 2017.

"Abu Dhabi Ports has enjoyed a long-standing business partnership with MICCO - going back to the start of operations at Zayed Port," said Captain Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports

"This new agreement with MICCO marks our continued efforts in supporting their business. Kizad, Khalifa Ports' industrial, trade, and logistics hub, is the ideal location for expanding logistics network and assisting MICCO expand its reach and develop business growth opportunities" he continued.

Captain Simreen, Managing Director at MICCO, predicts that through this SMA, MICCO will be able to further contribute to strengthening Abu Dhabi's export potential and in establishing even stronger logistics provisions to the GCC market.

"Khalifa Port and Kizad play an important role in our business. Our major clients include ADNOC, Takreer, GASCO, ADCO, NPCC, Borouge, Al Hosn Gas Development, ADGAS and ADMA-OPCO and several other large semi-government and privately-owned industrial enterprises and world renowned Engineering Companies that require access to the range of world-class services and opportunities presented by a Kizad home base. The new agreement allows us to better serve our current and prospective clients, in Abu Dhabi and the region as a whole."

The SMA builds on an already strong relationship between Abu Dhabi Ports and MICCO. In April 2014, the companies signed a MoU that guaranteed stability in the rate structure and through which MICCO provided road freight services for container cargo pick-up and delivery to Khalifa Port to and from any location in the city of Abu Dhabi, including Musaffah. Abu Dhabi Ports supported MICCO's comprehensive freight services by providing a dedicated coordination desk and parking area for the various MICCO trucks, as well as fast track processing at its ports.

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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 tonnes 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 tonnes 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.