Masdar and Abu Dhabi Ports Company have signed a Memorandum of Understanding (MoU) which aims to support the economic growth of the emirate of Abu Dhabi and achieve the objectives of the Abu Dhabi Economic Vision 2030. The two organizations will collaborate to develop a framework that will allow investors in Abu Dhabi to expand business operations across the free zones under their management. They will also work together on projects relating to sustainability, renewable energy and innovation.
Speaking at the signing ceremony, Mohamed Jameel Al Ramahi, Masdar Chief Executive Officer, commented, “By working closely with Abu Dhabi Ports and its subsidiary free zones, we can help investors in Abu Dhabi to obtain competitive advantage, and give them the flexibility and choice to expand their operations. Masdar City Free Zone has a rapidly growing community of over 700 companies while Abu Dhabi Ports’ KIZAD subsidiary is one of the country’s leading hubs for trade and investment.”