Khalifa Industrial Zone Abu Dhabi cuts fees for 75% of its services
The Abu Dhabi Ports subsidiary is attempting to encourage further investment into the emirate by waiving fees for most of its services
Khalifa Industrial Zone Abu Dhabi (KIZAD), an Abu Dhabi Ports subsidiary, has waived the charges for over 75% of its services, in line with the Abu Dhabi Government directive to encourage further investment into the emirate.
In an ongoing commitment to the growth and success of operations at KIZAD, three quarters of services will be offered free of charge, while fees for a significant number of the remaining services will also be reduced and streamlined to a simpler tariff structure. The initiative is expected to contribute to savings for the investors while furthering the competitive business advantage at KIZAD for its current and future clients.
"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," said Captain Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports. "We are committed to Abu Dhabi’s drive to become a global gateway for businesses from all parts of the world.
"The cost of setting up and maintaining a successful business at KIZAD is more achievable now than ever before. It is an ideal opportunity for companies of all sizes to benefit from such incentives for either growing their business or entering new markets."
The exemptions are aligned with Ghadan 21, the three-year, $13.6bn Development Accelerator Programme for the emirate, which is anchored around four main pillars: social, economic, liveability and knowledge.
To date, the zone has attracted more than 500 investors and more than $17.7bn in investment across multiple sectors, including metals, polymers, oil and gas, automotive, food, energy and logistics.
The new fee structure will be applicable from this month onwards.