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News Article

12 May 2006

The launch of Al Ain Industrial City

Under the Patronage of His Highness Lieutenant General Sheikh Mohammed Bin Zayed Al Nahyan, Abu Dhabi Crown Prince, Deputy Supreme Commander- UAE Armed Forces, the Higher Corporation for Specialized Economic Zones (Zonescorp) in Abu Dhabi, will launch "Al Ain Industrial City Project" on Wed 31st of May 2006 coinciding with the Economical Development and the rapid Tourism expansion witnessed by Al Ain City.

On this occasion His Highness Sheikh Hamed Bin Zayed Al Nahyan Chairman of Abu Dhabi Planning and Economic Department and chairman of Higher Corporation for Specialized Economic Zones (Zonescorp) commended the expansion of Zonescorp activities from its present geographical region in Abu Dhabi city to cover a new area of the Emirate of Abu Dhabi through the preparations for launching its new project " Al Ain Industrial City" which aims at the development of new strategic sectors of vital importance which will render the Emirate of Abu Dhabi as the main gateway for economic development. This task will be achieved through studies and research undertaken by Zonescorp for determining the different geographic areas requiring new industrial cities, as a solution to fill the skills gap that exists in the region and create more employment opportunities for skilled labor and national manpower.

"All these efforts come as a direct result of the wise directions of his Highness Sheikh Khalifa Bin Zayed Al Nahyan, the president of the United Arab Emirates and the continued support of His Highness Lieutenant General Sheikh Mohammed Bin Zayed Al Nahyan, Abu Dhabi Crown Prince, and Deputy Supreme Commander- UAE Armed Forces, who played a vital role in the economic development process for achieving the targeted suitable economic environment to accommodate unlimited horizons of various industrial projects, which will attract foreign direct investments" added His Highness Sheikh Hamed .

H.E Saeed Mubarak Al Hajeri, chairman of ADCB, confirmed that this is a strategic partnership for the establishment of Industrial zones having sophisticated infrastructure and unique services within suitable investment atmosphere. ADCB has contributed effectively through its joint venture with Macquarie Bank to the realization of the goals of the partnership between ADCB and Zonescorp,

" Our effective contribution to ICAD1 & ICAD2 has become a material fact encouraging the private sector to invest individually and jointly through the concept of strategic partnerships to mitigate investment risks and help the investors to work freely within a safe trustworthy investment environment" added His Excellency Saeed Al Hajeri.

In this context, Mr. Norman Johnston, CEO of Zonescorp said "the corporation aims at the development of strategic industries and promotion of industrial investment through specialized projects within specialized economic zones providing well developed infrastructure, advanced services and unique facilities, promoting the Abu Dhabi economic development and growth and marketing these zones as industrial and operational hubs".

Mr. Johnston anticipated that Al Ain Industrial city shall be a great success and shall be well received by the economic and industrial spheres similar to ICAD 1 & ICAD 2, reflecting the corporations good planning and continued development through the unique services provided by the corporation, in addition to the provision of suitable land plots and outstanding technical and logistic services.

Finally Mr. Johnston confirmed the fact that launching Al Ain Industrial city project shall comprise a prominent event in Al Ain city known to be a city of culture and tourism rendering it to be a modern industrial base.

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