Abu Dhabi Airports Company
Skycity, the subsidiary of Abu Dhabi Airports Company (ADAC) responsible for developing and operating Abu Dhabi Airports Free Zone, has started to welcome its first customers to Abu Dhabi Airport Logistics Park’s first phase, which currently holds 100 warehouses. The second phase is being commissioned to offer storage, warehousing and light industrial units, as well as plots of land for development. The Logistics Park is the first among a series of commercial districts currently being planned in close proximity to the airport, with every district offering a unique set of products, services and amenities, catering to the targeted business segments and activities.
The Logistics Park accommodates a variety of businesses including aviation, logistics, freight, IT, electronics, light industries and cold storage. The first group of customers vary between local, regional and international companies. Expo Freight Services Company LLC, 3W Networks LLC, and International Precious Metal Refiners (IPMR) are among the first twenty two companies to receive their keys and start their fit-out works, aiming to be fully operational by March 2012.
Commenting on the announcement, Ibrahim Al Khuroosi, Senior Manager Government Relations at ADAC, said: “Airports across the world have developed extensive airport city and Free Zone programs that attract foreign direct investments and deliver billions in trade turnover, thus boosting airports’ non-aeronautical revenues, as well as significantly contributing to the local economies. Similarly, the creation of Abu Dhabi Airport Free Zone was part of an initiative launched by ADAC, aiming to attract and support private sector involvement. Companies in the Logistics Park will use the Abu Dhabi Airport Free Zone as their base and hub to access and service the global markets, as Abu Dhabi enjoys a strong edge both geographically and strategically.”
Skycity will also provide customers with a full spectrum of Free Zone services such as company registration, licensing, leasing and rapid visa processing for employees in a “One-Stop-Shop” environment. Companies choosing to set up at any of ADAC’s free zone districts also will enjoy duties and tax exemptions, foreign ownership, repatriation of capital and profits, and other benefits traditionally offered at any Free Zone setup.
Al Khuroosi added: “At Skycity, the aim is to develop the free zone of choice for aviation, airport services, logistics, cargo, freight and supply chain activities. Skycity provides “transparency”, “easy-to-do business with” processes and close proximity to the airport. ADAC is pleased to welcome its new business partners to the airport Free Zone and look forward to having them start their operations successfully. ADAC and Skycity are also keen to play their role in attracting more businesses to the new Aerotropolis at the heart of Abu Dhabi Emirate.”