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FINANCIAL NEWS
Abu Dhabi’s Kizad to receive USD322m investments in Q1
24 May 2015
(MENAFN) Khalifa Port’s Industrial Zone (Kizad) is set to witness investments worth USD322 million in the first quarter of the year, following multiple signings by Abu Dhabi Ports, Arabian Business reported.
Abu Dhabi Ports signed 9 standard musataha agreements (SMAs) in the first quarter to increase investments in Kizad by about 15 percent, an announcement by the company revealed.
Firms that have already affirmed their participation in Kizad are National Catering Company, Gulf Precast, Safe Care Medical, Advanced Manufacturing Solutions, and others.
“We are now observing a cumulative effect across the Khalifa Port trade and industrial zone as more companies become operational and more are attracted to the zone,” the CEO of Abu Dhabi Ports said.
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