KIZAD set to generate 150,000 jobs

  • Share via facebook
  • Tweet this
  • Bookmark and Share

More than 150,000 jobs could be created thanks to a deal signed between Khalifa Industrial Zone Abu Dhabi (KIZAD) and 50 local and international companies.

Part of the Abu Dhabi Ports Company’s (ADPC) AED26.5bn (US$7.2bn) Khalifa Port project, KIZAD has agreed deals with 50 companies, which will not only provide a huge number of jobs, but also potentially contribute to about fifteen percent of Abu Dhabi’s non-oil GDP by 2030.

Located next to the Khalifa port in Taweeelah, KIZAD covers 417 square km and targets the aluminium, steel, trade and petrochemical industries among others.

Speaking at the Al Masah Capital’s third third annual investment forum, executive director of international economic relations sector of Abu Dhabi Department of Economic Development, Hamad Abdullah Al Mass, said that KIZAD is set to become one of the world’s largest industrial zones by 2030.

He said: “We have successfully leased over 60 percent of KIZAD’s Area A, comprising 51 square km. In the next phase we will be offering 347 square km in Area B.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Stronger together? Reviewing Emirates' historic partnership with Qantas

Stronger together? Reviewing Emirates' historic partnership with Qantas

One year after the “historic” Emirates-Qantas partnership deal...

Air Arabia to use tried and tested model in Ras Al Khaimah

Air Arabia to use tried and tested model in Ras Al Khaimah

Air Arabia signed an agreement last month to become the official...

Is Saudi Arabia ready for take off?

Is Saudi Arabia ready for take off?

Saudi Arabia has announced two new airlines and $30bn worth of...

1
Most Discussed
  • 15
    Germany puzzled as UAE think tank ordered to close

    Matt, your words sound kind of funny given the role the Britain has played in this region for so many decades.
    And given the democratic tradition that... more

    Thursday, 17 April 2014 7:10 PM - one of the joes
  • 10
    UAE father who whipped son to death wins appeal

    "Under Sharia, a parent cannot be executed for killing their child"
    A spouse could be executed if he/she kills his/her spouse, as none of them is... more

    Friday, 18 April 2014 3:38 PM - Nihar
  • 3
    To diet or not to diet?

    It is best to eat by your blood type. Following this diet is miraculous. Generic diets don't always work as certain foods are not good for the individual... more

    Friday, 18 April 2014 11:49 AM - Shamira Mitha
  • 54
    Three UAE women attacked with hammer at London hotel

    I really feel that Arabian Business.Com should now close this comments page. This should be all about sympathy for the families not what it is/has turned... more

    Wednesday, 16 April 2014 1:06 PM - Adrienne
  • 51
    Why Dubai isn't a plastic city

    What is definitely not a plastic city. The Arabs have a culture dating back to several centuries. 50 years back Dubai was just a fishing village. Today... more

    Tuesday, 8 April 2014 3:49 PM - P. MADHUSUDAN
  • 48
    DMCC boss Ahmed Bin Sulayem entertains Robert Mugabe in Dubai

    @fga ''However today, simply because he decided to dispossess a few white farmers of their land and redistribute to the poorer indigenous blacks'' more

    Sunday, 13 April 2014 3:02 PM - Matt Williams