Thursday, September 23, 2021

Abu Dhabi Ports leases 2.2 million square meters of industrial land

Abu Dhabi – Mubasher: Abu Dhabi Ports Group announced the leasing of more than 2.2 million square meters of industrial land belonging to the industrial cities and free zone sector, to local, regional and international companies during the first half of 2021, which highlights the growing demand for industrial land since the beginning of the year. This is despite the consequences of the (Covid-19) pandemic on companies, as demand has focused in a number of sectors, especially metals, food, cars, technology and chemicals..

This achievement comes in the wake of the group’s recent announcement of the completion of the development work of 1.38 million square meters of commercial space and retail facilities in the “Rahayel” Automotive City, which is the first integrated center for the automotive sector in the region dedicated to all activities and support services related to the sector, according to a press release..

The Industrial Estates and Free Zone sector of the Abu Dhabi Ports Group includes 550 kilometers of industrial and commercial land, and includes both the Khalifa Industrial City and ZonesCorp, which recorded an increase in foreign direct investment in the first half of 2021 thanks to the demand generated by the e-commerce, plastics and services sectors. Logistics and light industries.

The sector is launching a number of mega projects such as the “Life Sciences Complex”, which is designed to meet the growing needs of vital sectors such as pharmaceuticals, medical equipment, research and development, education, and other health-related fields..

The industrial zones in the Emirate of Abu Dhabi currently include more than 1,500 companies, including some of the most prominent international industrial companies in the sectors of manufacturing, life sciences and biopharmaceuticals, food and agricultural technologies, machinery and equipment, marine and logistics services, chemicals, and plastics..

The industrial cities and free zone sector of the Abu Dhabi Ports Group is witnessing the launch of a number of influential and huge projects, as Helios Industry, which is a private project company owned by the private sector, intends to invest more than 3.67 billion UAE dirhams (equivalent to one billion US dollars) during the years. The upcoming establishment of an industrial facility for the production of “green ammonia” in Khalifa Industrial Zone, and the expected production capacity of the facility when completed is about 200 thousand tons of green ammonia using 40 thousand tons of green hydrogen.

ZonesCorp is also currently witnessing the development of the Block 7 project, which is an 820,000 square meter complex designed to support innovation-based sectors and includes advanced infrastructure, distinguished services, and connectivity between smart workplaces, all of which benefit from the advantages of the integrated system in ” ZonesCorp, which provides an ideal platform for emerging companies operating in the advanced technology industries in the Emirate of Abu Dhabi.

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