Abu Dhabi Ports chose this year’s Hannover Messe Exhibition to announce the creation of the largest free zone area in the Middle East to the European market.
Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports said, “We consider Khalifa Port Free Trade Zone (KPFTZ) a milestone on Abu Dhabi Ports’ roadmap of success. Fully integrated with Khalifa Port, the region’s first semi-automated port, the Free Trade Zone is attracting a wide portfolio of investment sectors. It is poised to become the future of trade in the emirate of Abu Dhabi, adding significant value to investors, while strengthening Abu Dhabi’s position as a thriving maritime hub in the Middle East, Africa, and South Asia (MEASA) region.”
In response to growing demand for regional free zones, Abu Dhabi Ports has introduced Khalifa Port FTZ within Khalifa Port and Khalifa Industrial Zone Abu Dhabi (KIZAD), increasing its total free zone space to over 100 million m2. Khalifa Port FTZ provides a number of advantages to investors including 100% foreign ownership, 100% repatriation of capital and profits, and easy access through its proximity to the port.