KIZAD posts robust growth

ABU DHABI / WAM

The total value of Khalifa Industrial Zone Abu Dhabi’s (KIZAD) contribution to Abu Dhabi’s gross domestic product (GDP) accounted for 3.2 percent of the emirate’s non-oil GDP, reinforcing the industrial zone’s status as a key facilitator of economic diversification.
The KIZAD, part of Abu Dhabi Ports, has reported a solid performance
in 2016, completing yet another highly successful year for the facility that serves as the trade, logistics, and industrial hub of Abu Dhabi and the gate-
way to the world’s fastest-growing economies.
2016 also marked a year of important agreements and partnerships for KIZAD, which registered stable growth in leasing activity that resulted in 20 new standard Musataha agreements (SMAs) with local, regional, and international customers, increasing the total number of investors to over 130 to date. From the 130 investors, 88 investors have leased land through Musataha agreements, 21 invested in KIZAD’s Logistics Park, and 25 are free zone companies in different sectors. New investors in 2016 have each leased an average land size of 70,000 square metres, which brings the total areas leased in 2016 to more than two million square metres, increasing the total size of prime industrial leased areas since inception to 14.5 million square metres.
Capt. Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports said: “We are delighted with the impressive growth KIZAD achieved in 2016. The success of the industrial zone can be attributed to the new robust partnerships and the ability to stay ahead of the competition by consistently investing in its facilities, technology, and processes. This has enabled us to deliver outstanding performance and enhance our service offering. We have also capitalised on the growth opportunities created through the ongoing expansion of Khalifa Port.”
Mana Al Mulla, CEO of KIZAD commented: “In 2016, we made great strides in building KIZAD’s capabilities towards positioning it as one of the foremost port-integrated industrial zones in the region. We have expanded our client base significantly across a diverse range of sectors and industries, through building long-term relationships with our tenants and catering to their dynamic requirements, demonstrating that our strategy for growth is delivering robust results.”