(MENAFN- Mid-East.Info)
Abu Dhabi: AD ports Group today announced that the number of licences issued in the construction and building material sector in its Industrial Cities & Free Zone Cluster has reached 281, occupying a land area of 12,765,938 square metres, in August 2021.
A key sector of the UAE's economy, the total market size of the construction sector was valued at $101.45 billion in 2020. According to analysts, the UAE's construction and building materials markets are very mature and are expected to reach a value of $133.53 billion by 2026, registering an annual growth of 4.69 percent throughout 2021-2026.
Abdullah Al Hameli, Head of the Industrial Cities and Free Zone Cluster at AD Ports Group, said:“The building material sector has been making a huge come back in the Emirate as a result of the ongoing incentives offered by the government in line with the leadership's vision to drive the sector forward. The Emirate has been attracting more construction and building material businesses that aim to seize the opportunities in this growing sector and target local and regional markets.”
AD Ports Group has witnessed an increasing interest from industry leaders in its Industrial Cities & Free Zone Cluster that covers over 550 sq. km of industrial and commercial land and is home to over 1,500 local, regional, and international companies.
Mohamed Al Khadar Al Ahmed, Chief Executive Officer, ZonesCorp, said:“We have witnessed increased interest from the sector to leverage the strategic location of our industrial zones in the cities of Abu Dhabi and Al Ain and cater to an ever-growing real estate market in the region.
“We are committed to ensuring the reliability of our infrastructure within our sustainable, and highly efficient ecosystem with the needs of the heavy industries, building material, and construction sectors in mind.”
ZonesCorp and KIZAD are currently home to some of the biggest building material companies like EGA, Emirates Steel, Emirates Float Glass, Exceed Group, Xtramix group, Talex, and Porcellan Tiles, among others.
As part of AD Ports Group's participation at the Big 5 Show, which ran from 12-15 September in Dubai, the company showcased opportunities available in the emirate, garnering interest from various parties looking to establish their base of operations in Abu Dhabi. The Group's Industrial Cities & Free Zone Cluster comprises KIZAD, the largest integrated trade, logistics, and industrial hub in the region, and ZonesCorp, one of the largest operators of purpose-built economic zones in the UAE.
About AD Ports Group:
Established in 2006, AD Ports Group today serves as the region's premier facilitator of logistics, industry, and trade, as well as a bridge linking Abu Dhabi to the world. Part of ADQ, one of the region's largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi's diversified economy, AD Ports Group's vertically integrated business approach has proven instrumental in driving the emirate's economic development over the past decade.
Operating several clusters covering Ports, Industrial Cities & Free Zone, Maritime, Logistics, and Digital, AD Ports Group's portfolio comprises 11 ports and terminals in the UAE and Guinea, and more than 550 million square metres of industrial zones within Khalifa Industrial Zone Abu Dhabi (KIZAD) and ZonesCorp, the largest integrated trade, logistics, and industrial business grouping in the Middle East.
About KIZAD :
Established in 2010 and operational since 2012, Khalifa Industrial Zone Abu Dhabi (KIZAD) is a subsidiary of AD Ports Group, under its Industrial Cities and Free Zones portfolio. Strategically located between Abu Dhabi and Dubai – with the deep-water Khalifa Port as its maritime gateway – KIZAD is Abu Dhabi's integrated trade, logistics and industrial hub facilitating sustainable growth in metals, polymers, food, automotive, water and oil and gas. KIZAD is one of the world's largest industrial zones, spanning across 410 square kilometres.
About ZonesCorp :
ZonesCorp, an AD Ports Group's company, is responsible for planning, developing, and managing specialised fully integrated economic zones for investors within the emirate of Abu Dhabi. Through its nine integrated economic zones that cover a total area of more than 140 square kilometers in the cities of Abu Dhabi and Al Ain, ZonesCorp is shaping the future growth of Abu Dhabi's industrial landscape, in addition to managing more than 40 workers' residential cities and facilities.
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