Khalifa Industrial Zone
The Khalifa Industrial Zone in Abu Dhabi is a joint project which is initiated by the Government of the Emirate and is actively supported by the private business. The KIZAD free economic zone was founded in the end of 2010 and occupies the area of over 400 square kilometers. It is the largest industrial zone with the special economic status in the Middle East. It is one of the Governmental projects to diversification of the economy and getting rid of oil dependence.
The KIZAD Free Zone: a long-term investment project
The implementation of the project is the part of the integrated strategy of economic development of the Emirate until 2030. This project plays a key role in the development and implementation of long-term economic goals and perspectives. After the completion of the Khalifa international shipping port, and going into operation the vast storage facilities, the economic zone has received the necessary resources for ensuring the uninterrupted operation and attracting the foreign investments.
The combination of port facilities and possibilities of KIZAD industrial zone opens, for business, the completely new solutions in the field of international transport logistics, which make it possible to minimize the production and other costs.
Khalifa Port as the part of the infrastructure
It should be noted that the port area is designed for processing of 13-14 million tons of cargo annually. Today, there are no similar platforms, in the Middle East, which are equipped with the automated terminals. The navigable waters of the port provide the ability of servicing the largest ships and tankers. The port area, at the final stage, will process more than 50 million tons of cargo annually.
The main feature of the Khalifa Port is the fact that it is located in the open water, in 5 km from the coastline, what provides a platform with the huge functionality and unlimited possibilities for the processing and receipt of the maritime cargoes. The port area is connected by a bridge with the mainland, and all the necessary handling equipment for different purposes is located on the specialized container platforms. There are corresponding terminals for customs clearance and related procedures, and also the infrastructure for container traffic and delivery of cargo to the storage facilities.
The International experts predict that the strategic location of the Khalifa Port will have a serious influence on the regional production, logistics and industrial chains in the future. The economic zone, supported by strategically located shipping port, will provide the open access to all regional and international markets. It is more than 5 billion of end users in four different time zones.
Today, large industrial enterprises, which are involved in a variety of industries – starting with the steel industry and ending with the production of cosmetic preparations, are operating on the territory of the economic zone.
Khalifa Industrial Zone: key types of activity
A system of industry clusters, which includes the following key spheres, is used for optimization of business processes and also for ensuring the profitability and efficiency in the jurisdiction of the Khalifa Industrial Zone:
- steel industry;
- metal-roll and manufacturing of products;
- light and food industries;
- production of professional equipment, including pharmaceutical and medical one;
- processing, storing and transportation of goods services;
- products of the chemical industry;
- international transport logistics and related services;
- maintenance and consulting services;
- wholesale and retail trade and etc.
Advantages for potential investors and partners
The special status of jurisdiction provides international companies with the real opportunities for optimizing the expenditures of the business and increasing profits. Several main advantages, which influence the choice of this economic zone, can be distinguished among the number of competitive advantages. In particular:
- exemption of business from the corporate taxation;
- import and export privileges;
- shareholders distribute income and profits independently;
- no need to involve the local sponsor to the business. The 100% foreign ownership is permitted;
- competitive prices for rental of commercial and residential premises;
- relatively low cost of energy resources;
- no restrictions on the withdrawal of the investment capital outside the jurisdiction;
- no state currency restrictions;
- protection of property rights is guaranteed at the legislative level;
- economic and political stability in the region;
- perfect infrastructure, and also the most modern equipment and machinery;
- loyalty of the state bodies and support on the issues concerning business registration, visa or license clearance;
- preferential access to the regional and local markets;
- full transparency of all the processes and no bureaucratic barriers;
- favorable investment climate and long-term prospects for economic growth and etc.
The list of benefits and opportunities for business can be continued for a very long time, but it is possible to get really effective tools which contribute to the bringing of one own business to the absolutely new level by registration or incorporation of the company in the Khalifa Industrial Zone jurisdiction.
A simplified procedure of registration and obtaining the residence visa will allow you to save time and get all the benefits from a highly profitable business in the nearest future. Use the contact us form on our website and learn what you need to do to create the international business scheme which will bring in a stable and high income.