UAE Offers A Prime Investment Environment, Highlights KEZAD Official

Mansoor Al Marar, Vice President of Industrial Business Development at Khalifa Economic Zones Abu Dhabi (KEZAD Group), highlighted the UAE's favourable investment climate. He noted that the country's ease of doing business, cultural diversity, safety, and stability attract global entrepreneurs and investors.

During a session on Middle East and North Africa markets at the 9th Belt and Road Summit in Hong Kong, Al Marar discussed Abu Dhabi’s strategic importance. He emphasised its role as a gateway to the Middle East and beyond within the Belt and Road Initiative.

Al Marar underscored the UAE's commitment to diversifying income sources. The country is investing in various sectors beyond oil and gas to ensure sustainable economic growth.

The UAE has developed top-tier infrastructure to support industrial growth. "We are global leaders in maritime transport, operating more than 300 ships that connect East and West through the shortest possible routes," Al Marar stated. The UAE’s logistics network spans over 40 countries, making it a reliable partner for global companies in transporting goods and services.

Abu Dhabi has established integrated industrial zones covering 550 square kilometres. These zones are equipped with world-class infrastructure and host over 3,000 high-level industrial projects. Through its digital platform and integrated services, KIZAD aims to facilitate global trade and connect markets efficiently.

Operation 300bn Project

Al Marar highlighted the "Operation 300bn" project launched to boost the UAE's industrial sector. This initiative aims to increase its contribution to the gross domestic product (GDP) from AED133 billion to AED300 billion by 2031.

The UAE offers an ideal business environment characterised by flexibility and diversity. Investors can choose from more than 1,000 business activities. Comprehensive Economic Partnership Agreements signed with several countries allow companies to operate and import from these nations either free of customs duties or at reduced tariffs.

Al Marar reaffirmed KEZAD's commitment to supporting investor growth in Abu Dhabi. He stated that KEZAD provides all necessary tools for investors to achieve their goals and ambitions.

With inputs from WAM