Abu Dhabi - MENA Herald: As part of its commitment to showcase and promote its investors, The Higher Corporation for Specialized Economic Zones (ZonesCorp), is leading a high level delegation of 19 industrial manufacturing companies to the prestigious ‘Hannover Messe’, the world’s largest industrial fair in Hannover, Germany, from 25th to 29th April. The Hannover Messe is attended by the world’s leading industrial companies and typically attracts around 250,000 visitors with around 6,500 companies exhibiting.
All the companies taking part in the delegation have established operational manufacturing facilities in various ZonesCorp’s industrial cities in Abu Dhabi. The purpose of the delegation is to showcase the high quality international companies that have facilities in the ZonesCorp acreage. Alongside its partners, ZonesCorp will also highlight the benefits of its cluster-based industrial model that supports growth, creates value chain benefits and enhance efficiencies between its investors.
In recent years ZonesCorp has drawn a steady stream of world class manufacturing companies to its extensive acreage and now contributes over 50% of the manufacturing GDP of the Emirate of Abu Dhabi. In the last 2 years alone, ZonesCorp has attracted over AED 4bn (US$1bn) in new investments in 62 new industrial and manufacturing projects covering an area of 1,755,000m². This is largely thanks to the combination of its attractive operating model, world class infrastructure, highly competitive utilities and its business friendly tax free environment.
Another significant factor contributing to ZonesCorp’s rapid growth is Abu Dhabi’s appealing strategic location geographically, which is vital for companies wishing to expand their reach and bridge the gap between markets in the east and west. All these elements have cemented ZonesCorp’s position as a destination of choice for industrial investments in the region.
The ZonesCorp delegation will be located in the UAE Pavilion headed by the Department of Economic Development and will also be taking part in the UAE Investment forum lead by His Excellency Sultan Bin Saeed Al Mansouri, Minister of Economy in the UAE and His Excellency Ali Majed Al Mansoori, Chairman of Abu Dhabi Department of Economic Development.
HE Saeed Eisa Al Khyeli, Acting Chief Executive Officer for Zonescorp said: “We are delighted to be participating in the prestigious Hannover Messe in Germany and to be showcasing the UAE manufacturing success story to the world. The companies making up the delegation represent an impressive cross section of the leading regional and international industrial players and are a testament to the progress we have made towards diversifying the Abu Dhabi economy and turning the Emirate into a regional manufacturing hub.”