BWI: Kizad Reiterates Commitment towards Indian Market

Press release from Business Wire India
Source: Kizad
Thursday, October 20, 2011 05:01 PM IST (11:31 AM GMT)
Editors: General: Consumer interest, Economy, People; Business: Advertising, PR & marketing, Business services, Construction, Energy companies, Heavy industries, Major diversified industrial groups, Real estate; Technology
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Kizad Reiterates Commitment towards Indian Market
Agreement signed between Kizad, one of the world's largest industrial zones and Confederation of Indian Industries (CII) at the Abu Dhabi and Mumbai Investment Forum

Mumbai, Maharashtra, India, Thursday, October 20, 2011 -- (Business Wire India) -- The Abu Dhabi and Mumbai Investment Forum, organized by the Department of Economic Development (DED) witnessed a high-level delegation from Abu Dhabi Ports Company (ADPC). They met Indian leaders and decision makers to discuss and highlight the extensive investment opportunities that Abu Dhabi can offer. Executive Vice President of Industrial Zones at ADPC, Mr. Khaled Salmeen, attended the forum and presented Khalifa Industrial Zone Abu Dhabi (Kizad) as a business hub for Indian investment.

Kizad, a 417 sq km industrial zone strategically located between Abu Dhabi and Dubai; is back in India as part of its commitment to strengthen its long-term strategic relationship with the Indian market and to highlight the industrial zone's unique offerings to Indian investors. With India being one of the most important, fast developing markets in the world, and following a successful road show earlier this year, Kizad is keen on following up with key potential customers who have expressed interest in setting up in one of the world's largest industrial zones.

At the Abu Dhabi and Mumbai Investment Forum, Kizad signed a strategic agreement with the Confederation of Indian Industry (CII) to work together in support of Kizad and aspirations of the Indian industries. The objective of signing the agreement between Kizad and CII is mainly focused on promoting Indian investment particularly in Industrial, warehousing and logistics projects in Kizad and to facilitate doing business in Kizad. Under this agreement, both parties will share information and cooperate in a manner that supports positive growth of Indian relations with the UAE and Kizad in particular.

Commenting on the event, Mr. Khaled Salmeen, Executive Vice President of Industrial Zones at ADPC, said:

"Kizad is committed to the continuous development and economic growth of its partners and interested tenants. Our agreement with the Confederation of Indian Industry is a strategic step towards achieving our mission to provide exceptional levels of efficiency, profitability and ease of doing business and we look forward to expand our relationships with our Indian customers. Given the high number of Indian companies that have shown investment interest, reassures us that Kizad is providing the necessary value proposition needed specifically for the Indian market."

Kizad aims to stress values offered to the Indian market which include low cost utilities, ease of doing business with a 0% tax rate and a strategic location. Kizad offers one of the most reliable utilities in the world as well as low land leasing rates that can help put it ahead of competition.

About Abu Dhabi Ports Company

Abu Dhabi Ports Company (ADPC) is a master developer and regulator of ports and industrial zones.
ADPC's core objective is to facilitate the diversification of Abu Dhabi's economy by acting as an enabler for development and trade. It will achieve this by managing commercial ports throughout the Emirate, supporting partners with their infrastructure projects and setting up new companies and joint ventures with partners who service and operate in the ports and industrial zones sector.

ADPC was created in 2006 as part of the restructuring of the commercial ports sector in the Emirate of Abu Dhabi and given control and regulatory enforcement power over all commercial port assets previously owned by the Abu Dhabi Seaports Authority.

ADPC strives to be at the forefront of progress in industrial logistics and infrastructure and is currently focused on creating one of the world's largest concentrations of industry at Kizad. www.adpc.ae

About Kizad

Kizad is a 417 sq km industrial zone strategically located between Abu Dhabi and Dubai. With one of the world's most advanced deepwater seaports and world-class infrastructure, Kizad will benefit from excellent multimodal connectivity via sea, air, road and rail networks to ensure easy accessibility to and from the Industrial Zone. Phase 1, which is 51 sq km with an investment of AED 26.5 billion or $7.2 billion, is set to open in Q4 2012.

Kizad is a cornerstone of the Abu Dhabi Economic Vision 2030 which also highlights the drive to diversification of the economy in pursuit of sustainable growth less dependent on the oil and gas industries. By 2030, Kizad will be expected to contribute up to 15% of Abu Dhabi's non-oil GDP.www.kizad.com www.kizad.com

To view the photographs kindly click on the links below:
Tushar Jani- Chairman, CII WR Logistics Sub-Committee,; H.E.Mohammed Omar Abdullah- Undersecretary, Abu Dhabi Department of Economic Development, UAE; H.E.Mohammed Sultan Abdallah Al-Owais, UAE Ambassador to India; Khaled Salmeen- Executive Vice President of Industrial Zones at ADPC during the MoU signing between Kizad & CII at the Abu Dhabi and Mumbai Investment Forum
Khaled Salmeen
For picture(s)/data to illustrate this release click below:

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Khaled Salmeen,EVP-Industrial Zones,ADPC speaking at the event.jpg


CONTACT DETAILS
Ehab El Habbal, Senior Account Manager, Hill and Knowlton, +971 50 551 7277, ehab.elhabbal@hillandknowlton.com
Suresh Rathod, Group Account Director, IPAN Hill & Knowlton, +91 9820007348, srathod@ipanhillandknowlton.com
Mike Vertigans, Vice President, Corporate Communications, ADPC, +971 2 695 2976, michael.vertigans@adpc.ae

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