ABU DHABI 16 April 2019: ZonesCorp is to announce two new investment projects in Abu Dhabi and Al Ain, at Cityscape Abu Dhabi 2019 that will run from 16 to 18 April at the Abu Dhabi National Exhibition Centre.
Covering a total area of two million sq m, the new projects will support an extensive range of industrial and commercial activities. The first project will be located in Abu Dhabi’s ICAD Zone 3 and include the ICAD Business Park occupying 1.1 million sq m, ICAD Gate spanning 470,000 sq m, and a 234,000 sq m prefabricated factory project.
The second project – Al Ain Investment Complex in Al Ain Economic Zone – will extend over a total area of 155,000 sqm.
The new projects will boast world-class infrastructure, accessibility and connectivity in strategic locations that comprise more than 650 industrial and commercial projects, and offer preferential local and international market access for investors seeking world-class industrial zones that combine excellent services within a mixed-use development.
Each of the projects will include an incubator and specialized units equipped to host industrial activities that cater to the needs of small and medium-sized enterprises (SMEs).
The projects set to be launched at ICAD 3 will enjoy a strategic location with easy access to highways. Once completed, the projects will embrace integrated industrial cities featuring commercial and residential complexes, shopping and entertainment centers, medical centers and spacious car parks, in addition to organic food centers.
The new projects will offer private sector investors lucrative investment opportunities with the option to rent land in special economic zones to develop and operate or to re-rent to other investors, in addition to renting offices, warehouses and showrooms that cater to the needs of SMEs and provide a high cost-benefit ratio as well as increased ROI.
Saeed Eisa Mohammed Al Khyeli, Director General of ZonesCorp, said: “ZonesCorp’s strategic planning and objectives aim to attract further local and international investments in line with Ghadan 21, the Dh50 billion three-year development program launched in 2018. The initiative focuses on four main tenets – business and investment, society, knowledge and innovation, and lifestyle.”
In addition to its new investment clusters, ZonesCorp has launched the second phase of Rahayel City, a world-class integrated auto hub located at the nexus point of three of Abu Dhabi’s main urban centers – Khalifa City, Shakhbout City and Mohammed Bin Zayed City. Spanning 12.3 sq km, Rahayel City will serve as a focal point for automotive manufacturers, distributors, new and used cars showrooms and auction marts, service providers and dealers operating in the UAE capital in line with Abu Dhabi government’s mandate to advance the strategic development of the automotive industry in the emirate.
Scheduled for completion in Q1 2020, Rahayel City is the first smart economic zone in a dynamic environment that allows automotive businesses to thrive while enhancing the shopping and service experience of customers and providing a diverse and attractive range of related investment opportunities. Designed in collaboration with experts in the automotive industry, the city will feature serviced lands and smart buildings that meet the needs of investors and customers alike. Rahayel City will also provide the full spectrum of services related to automotive commercial activities, including licensing and maintenance by modern workshops that comply with the highest global technical and operational standards, in addition to specialized training programs with attested certificates.
ZonesCorp oversees 50 sq km of developed areas in Abu Dhabi City and Al Ain, in addition to ambitious plans to develop new areas in Al Dhafra. The organization’s economic zones include 650 industrial facilities in different sectors and 28 fully serviced labor cities built according to the highest international standards. With an investment portfolio valued at over Dh70 billion, ZonesCorp is making a major contribution to the successful growth of Abu Dhabi’s non-oil economy in line with the emirate’s 2030 vision.