FINANCIAL NEWS

Abu Dhabi industrial zones attract USD1.44b foreign investments

15 Oct 2012

(MENAFN) The Higher Corporation for Specialized Economic Zones’ (ZonesCorp) CEO, Mohammed Al-Qamzi, stated that during the current year, the volume of foreign investments in Abu Dhabi’s industrial zones rose to USD1.44 billion, reported Kuwait News Agency (KUNA).

He said that the ZonesCorp plans to establish up to 5 industrial towns in Abu Dhabi and Al-Ain, and a town for production of construction materials and labor towns.

He said that investments in the capital’s industrial zones come from different regions, including Europe, the Americas and Asia, adding that they enhance openness, cooperation and commercial ties between countries in these regions and the UAE.

It is worth noting that the corporation was established to promote and enhance the emirate’s industrial sector, in order to transform it into an attractive center for investments, industries and logistical services.

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