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Abu Dhabi lures Asian investors for Aluminium among others
Edited by : AL CIRCLE
1 min read
Kizad plans Asia offices; phase 1 to be completed end-2012
Abu Dhabi's mammoth new industrial zone is wooing investors from Asia to set up shop and help the emirate diversify its economy away from oil, its top official said.
Khalifa Industrial Zone Abu Dhabi (Kizad) at Taweelah, midway between Abu Dhabi and Dubai, spans an area of 421 square km (two-thirds the size of Singapore), and is the largest industrial area in the United Arab Emirates.
Earlier this year, Kizad held roadshows, launching in three Asian economic giants -- India, China and South Korea, as well as in Germany.He added that Kizad plans to open offices in these countries, starting soon with India.
Emirates Aluminium (Emal) is the first and anchor tenant.The agreements with private and government firms relate to projects in aluminium.
Oil-rich Abu Dhabi is investing billions of dollars in industry, tourism, infrastructure and real estate to diversify its economy away from oil.
Kizad, which is fully funded by the government, is targeting eight industry clusters,Aluminium being one of them.
Abu Dhabi's mammoth new industrial zone is wooing investors from Asia to set up shop and help the emirate diversify its economy away from oil, its top official said.
Khalifa Industrial Zone Abu Dhabi (Kizad) at Taweelah, midway between Abu Dhabi and Dubai, spans an area of 421 square km (two-thirds the size of Singapore), and is the largest industrial area in the United Arab Emirates.
Earlier this year, Kizad held roadshows, launching in three Asian economic giants -- India, China and South Korea, as well as in Germany.He added that Kizad plans to open offices in these countries, starting soon with India.
Emirates Aluminium (Emal) is the first and anchor tenant.The agreements with private and government firms relate to projects in aluminium.
Oil-rich Abu Dhabi is investing billions of dollars in industry, tourism, infrastructure and real estate to diversify its economy away from oil.
Kizad, which is fully funded by the government, is targeting eight industry clusters,Aluminium being one of them.
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