Khalifa Industrial Zone Abu Dhabi signs deals with 50 companies to boost job prospects
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.