Seeking to boost investments in the emirate, in line with the directives of the Abu Dhabi Government, Khalifa Industrial Zone Abu Dhabi (KIZAD) has waived the charges for more than three-quarters of its services.
You heard that right! Starting this month, over 75 percent of the services at KIZAD are offered free of charge. Likewise, fees for other services will also be reduced and streamlined.
KIZAD Waives Charges for Over 75% of Services
This latest announcement enables investors to save plenty of costs, as KIZAD strengthens its competitive business advantage for current and future clients, WAM News Agency reported.
“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,” declared Captain Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports, of which KIZAD is a subsidiary.
“We are committed to Abu Dhabi’s drive to become a global gateway for businesses from all parts of the world,” he added.
Captain Al Shamisi also noted that the cost of setting up and maintaining a business at KIZAD is now more achievable — an ideal opportunity for companies of all sizes to grow their business or enter new markets, while benefiting from the industrial zone’s incentives.
Since KIZAD was launched in 2010, the industrial zone has attracted more than 500 investors and over AED 65 billion in investments. These include several sectors, such as automotive, energy, food, logistics, metals, polymers, oil, and gas.
The incredible success of KIZAD has led to its decision to waive fees, which are aligned with the Abu Dhabi Government’s ‘Ghadan 21.’ This is a three-year development accelerator programme investing around AED 50 billion in development and incentive packages. Its four main pillars are Social, Economic, Liveability, and Knowledge.
Through this latest initiative, more investors are likely to establish their businesses at KIZAD. Ultimately, this means more job opportunities for both local and foreign workers, as well.
Aside from being a major business hub, the emirate is also known for its tourist spots. If you are planning a trip to the capital of the UAE, here’s a list of places to visit in Abu Dhabi.