Abu Dhabi to build Free Trade Zone at Abu Dhabi Intl Airport
Abu Dhabi Airports Company (ADAC) plans to construct a state-of-the art free trade zone at the Abu Dhabi International Airport. Occupying a built area of over 7 million sq m, the free zone will offer investors an impressive package of world-class facilities and services.
Clusters of amenities will be brought under one roof and all the required facilities will be conveniently integrated to ensure that investors receive the best service. The creation of a free trade zone is in response to a large-scale development economic development in the capital emirate.
ADAC chairman and managing director, Khalifa Al Mazrouei said: "The creation of a free zone marks a milestone in Abu Dhabi's plans to establish itself as a dynamic business centre. The free zone will take advantage of Abu Dhabi International Airport's strategic geographical position on the crossroads between the east and the west, and the large-scale economic development of the Emirate.
"Developing a free zone at Abu Dhabi International Airport is an important part of the development and expansion of the airport. It will ensure that Abu Dhabi International Airport will become a thriving cargo and business hub as well as ensuring our goal of increasing non-aeronautical revenues."
ADAC was incorporated in March 2006 to spearhead a major redevelopment of the Emirate's aviation infrastructure. Its creation was part of an ambitious restructuring initiative launched by the Government of Abu Dhabi, aimed at delivering better services to support the Emirate's long-term economic and tourism strategies and to help build a more vibrant economy that attracts and promotes private sector investment.
The airport expansion will allow passenger traffic to grow beyond 40 million per year from the current seven million, while cargo capacity will be boosted from 150,000 tonnes per year at present to two million tonnes. The project includes construction of a second runway, two new terminals, a state-of-the-art air traffic control complex and expansion of cargo facilities.-(TradeArabia News Service)
Clusters of amenities will be brought under one roof and all the required facilities will be conveniently integrated to ensure that investors receive the best service. The creation of a free trade zone is in response to a large-scale development economic development in the capital emirate.
ADAC chairman and managing director, Khalifa Al Mazrouei said: "The creation of a free zone marks a milestone in Abu Dhabi's plans to establish itself as a dynamic business centre. The free zone will take advantage of Abu Dhabi International Airport's strategic geographical position on the crossroads between the east and the west, and the large-scale economic development of the Emirate.
"Developing a free zone at Abu Dhabi International Airport is an important part of the development and expansion of the airport. It will ensure that Abu Dhabi International Airport will become a thriving cargo and business hub as well as ensuring our goal of increasing non-aeronautical revenues."
ADAC was incorporated in March 2006 to spearhead a major redevelopment of the Emirate's aviation infrastructure. Its creation was part of an ambitious restructuring initiative launched by the Government of Abu Dhabi, aimed at delivering better services to support the Emirate's long-term economic and tourism strategies and to help build a more vibrant economy that attracts and promotes private sector investment.
The airport expansion will allow passenger traffic to grow beyond 40 million per year from the current seven million, while cargo capacity will be boosted from 150,000 tonnes per year at present to two million tonnes. The project includes construction of a second runway, two new terminals, a state-of-the-art air traffic control complex and expansion of cargo facilities.-(TradeArabia News Service)
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