UAE: Automobile sector gets turbo boost ahead
Abu Dhabi will develop an automobile city in the Mussafah area, the auto city ” Industrial City of Abu Dhabi V (ICAD V) ” spans 11 squaret kilometres and caters to Abu Dhabi's automotive value chain, helping to create the ideal one-stop-shop destination for auto-related products and services.
The Higher Corporation for Specialised Economic Zones (ZonesCorp), a government-backed agency, is responsible for the establishment, management and operation of the specialised city in Abu Dhabi. ZonesCorp has embarked on a number of projects, including Industrial City of Abu Dhabi (ICAD IV), Industrial City of Abu Dhabi (ICAD V), and Construction and Building Materials Zone. ZonesCorp will be launching the auto city that acts as a cluster development for all auto-related businesses and is intended to serve the future growth needs of the automobile sector in Abu Dhabi.
According to ZonesCorp, the auto city ICAD V provides a world-class infrastructure and services. This cluster is expected to fuel expansion of the auto re-export market and pave the way for the automobile assembly and manufacturing sector. The cluster also aims to help resolve parking congestion in the city by providing an alternative hub for taxis, buses, used cars and rental cars parked and displayed in the city centre.
Governed by the highest technical and environmental standards, the cluster will cater to advanced workshops and service centres, spare parts warehousing and distribution, vehicle storage, light manufacturing and assembly, tyre recycling and car crushing, as well as retail showrooms for new and used light and heavy vehicles, motorcycles, accessories and spare parts.
The project will attract investment in automobile manufacturing and spare part logistics for facilities across the region. It is anticipated to provide employment opportunities for UAE nationals. Abu Dhabi is planning to achieve this by entering into partnership agreements with a variety of international automobile companies.