Nasser Ahmed Alsowaidi and Khaled Salmeen Al Kawari launch Kizad’s free zone company registration in Korea

Press release
Published May 30th, 2011 - 12:08 GMT

Nasser Ahmed Alsowaidi, Chairman of DED and Khaled Salmeen Al Kawari, Executive Vice President of Industrial Zones ADPC
Nasser Ahmed Alsowaidi, Chairman of DED and Khaled Salmeen Al Kawari, Executive Vice President of Industrial Zones ADPC

As part of the Abu Dhabi Investment Forum organized by the Department of Economic Development, H.E. Nasser Ahmed Alsowaidi, Chairman of the Department of Economic Development, and with Mr. Khaled Salmeen Al Kawari, Executive Vice President of Industrial Zones ADPC, launched the registration of free zone companies within Kizad. As part of the Abu Dhabi 2030 Economic Vision, Kizad will be focusing on advanced industries in the following clusters: Aluminium, Engineered Metals, Steel, Petrochemical and Chemical, Pharmaceutical, food and warehousing and logistics. This comes at a time when Kizad is embarking on its international launch road show which began with Mumbai on 25th May and will end with the US market later this year.

Commenting on this occasion, H.E. Nasser Ahmed Alsowaidi said, "We are delighted to be launching the Free Zone company registration with Kizad today as it solidifies our efforts in attracting direct foreign investment into Abu Dhabi. Our presence in Korea and other markets is in line with Abu Dhabi’s Economic Vision 2030 and as part of this; we look to support all our partners in fulfilling their role toward a diversified economy”.

Mr. Khaled Salmeen, Executive Vice President of Industrial Zones ADPC commented, “The DED have been instrumental in our development, and today’s launch by H.E. Nasser Ahmed Alsowaidi enforces Abu Dhabi’s intent for a knowledge based industrial economy. As such, we are pursuing our target markets for 2011 with a clear statement that our commitment to high standard of excellence will continue to grow.”

Background Information

Abu Dhabi Ports Company

Abu Dhabi Ports Company (ADPC) is a master developer and regulator of ports and industrial zones. The objective of ADPC is to act as an enabler for development and trade and facilitate its contribution to the diversification of the national economy. In doing so, it will provide its customers and stakeholders with the highest levels of service in a responsive and transparent manner.

ADPC was established in March 2006 by Emiri Decree No. 6 of 2006 in the Emirate of Abu Dhabi as part of the restructuring of the commercial ports sector in the Emirate and was given control and regulatory enforcement power over all commercial ports assets previously owned by the Abu Dhabi Seaports Authority (ADSA).

Department of Economic Development

The Department of Economic Development (DED) is the government body entrusted to set and drive the economic agenda of the emirate of Dubai, UAE. The DED supports the structural transformation of Dubai into a diversified, innovative service-based economy that aims to improve the business environment and accelerate productivity growth.

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