Abu Dhabi Ports (ADP) has confirmed the expansion of the current Khalifa Port Free Trade Zone (KPFTZ), taking it to a 100 square kilometre area overall, so that it can accommodate a wider range of industries. The company says it is responding to rising demand from both foreign direct investors, and existing local businesses, wanting to establish or grow manufacturing and industrial activity in the UAE.
Within the additional free zone area, as part of the 16km Area A zone, will be a new Business Park.
“KPFTZ provides numerous advantages to investors including competitive lease prices and some of the lowest utility costs in the world, all under tax free umbrella,” said Captain Mohammad Juma Al Shamisi, chief executive of Abu Dhabi Ports. “Investors can have 100 % foreign ownership, full repatriation of capital and profits, competitive prices for shipments and centralised government portals, including Customs, for efficient procedures.”
Currently around 40 companies operate in the free trade zone, located next to Khalifa Port, in a wide range of sectors, including industrial, trading and services. The primary focus is on trading, logistics, packaging, food and beverages, and light, medium and heavy industries.
Mana Mohammad Saeed Al Mulla, Khalifa Industrial Zone Abu Dhabi (Kizad) chief executive, described the plan to expand the current free zone area as “a new and attractive addition to the industrial investment landscape of Abu Dhabi”, adding that “With this new addition of Free Zone land, we intend to attract global interest from manufacturing investors that will bring new technology, product diversification and increased trade through our ports.” The newly expanded free trade zone will also be connected to the UAE rail network in the future.