Covering a total area of two million sq m, the new projects will support an extensive range of industrial and commercial activities
ZonesCorp, which oversees 50 sq km of developed areas in Abu Dhabi City and Al Ain, is set to announce two new investment projects.
Covering a total area of two million sq m, the new projects will support an extensive range of industrial and commercial activities, it said in a statement.
The first project will be located in Abu Dhabi’s ICAD Zone 3 and will 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 sq m, it added.
ZonesCorp said each of the projects will include an incubator and specialised units equipped to host industrial activities that cater to the needs of small and medium-sized enterprises (SMEs).
Once completed, the projects will also embrace commercial and residential complexes, shopping and entertainment centres, medical centres and spacious car parks, in addition to organic food centres.
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 AED50 billion three-year development program launched in 2018.”
He added: “Our new projects offer immense potential in terms of market access and growth opportunities for businesses and innovators looking to establish or expand their presence in Abu Dhabi’s rapidly growing non-oil sectors, including ventures led by Emiratis as well as SMEs.
"We will provide facilities, logistical support and a full range of world-class services based on our understanding of investor requirements throughout the establishment, construction and operational phases of these projects.”
In addition to its new investment clusters, ZonesCorp has also launched the second phase of Rahayel City, an integrated auto hub located at the nexus point of three of Abu Dhabi’s main urban centres – 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 and is scheduled for completion in Q1 2020.For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.