Abu Dhabi Ports Luring Foreign Investments
The UAE-based port operator Abu Dhabi Ports has signed a Memorandum of Understanding (MoU) with Abu Dhabi’s Industrial Development Bureau of the Department of Economic Development (IDB) to establish a joint-programme that will help attract investment and further develop and enhance the fast-evolving industrial sector of the Emirate.
The agreement establishes a framework for mutual cooperation and collaboration, strengthening dialogue between the two organisations and deepening technical know-how on how best to facilitate industrial growth.
As part of the collaborative efforts, Abu Dhabi Ports and the IDB will hold regular senior management meetings to keep up-to-date on industry news and identify possible investment potentials.
The MoU will also establish specialised teams, including Investor Relations, Utilities Management and Facilitation, Industrial Sector Development as well as Marketing and Promotions, dedicated to discussing and assigning solutions to improve and develop services, and to address and resolve any constraints on the further development of Abu Dhabi’s industrial sector.
Finally, Abu Dhabi Ports’ Khalifa Industrial Zone (Kizad) and the IDB will also look to host joint employee training programmes and industry workshops to keep competencies up-to-date with global best-practices.
”Together with the IDB our aim is to help achieve the objectives set out by the Abu Dhabi Economic Vision,” said Captain Mohamed Juma Al Shamisi, CEO Abu Dhabi Ports.
”Khalifa Industrial Zone [Kizad] offers outstanding access to markets, world-class infrastructure and dedicated investor support – combined with services and facilitations offered by the IDB, we are bound to position the Emirate as the ideal choice for industrial investments.”