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Abu Dhabi, UAE: Abu Dhabi Airports Free Zone (ADAFZ), a subsidiary of Abu Dhabi Airports, reaffirmed its position as the unique preferred business destination for local, regional and international organizations across multiple economic sectors, recording a double Grow rental space and property.
The strong performance in 2022 was driven by both leased space and property growth, with ADAFZ signing contracts totaling 163,580 sqm at Abu Dhabi International Airport, Al Ain International Airport and Al Bateen Executive Airport. The property includes commercial space, land development plots, and administrative facilities, resulting in a 256% increase in annual rent.
He works. Jamal Salem Al Dhaheri, Managing Director and Chief Executive Officer of Abu Dhabi Airports, said: “Since its inception, the Abu Dhabi Airport Free Zone has continued to grow and fulfill its potential as a vibrant business hub and a major logistics asset in the Emirate of Dhabi and UAE. Building on this momentum, ADAFZ will continue to play its role in supporting economic diversification and strengthening the emirate’s position as a hub for aviation, pharmaceuticals, logistics, light industry, advanced technology sectors and general entrepreneurship.”
The number of newly registered free zone entities in ADAFZ increased by 45%. Furthermore, the growth of ADAFZ was highlighted in specific business areas such as manufacturing as new licenses issued increased by 200%. In addition, new licenses for companies in the IT industry increased by 133%, and licenses for aviation companies increased by 54%.
Adel Al Taheri, Vice President Sales and Services, Free Zone, added: “Last year has proven to be our most successful to date by meeting customer needs, offering a diverse range of services, and serving as a world-class gateway to sustainable business success. We are proud of this growth in 2019. This year, in addition to accelerating our own development as a vibrant free zone hub, we are innovating and delivering greater value to our customers, stakeholders and partners.”
Going forward, ADAFZ aims to capitalize on its continued growth in all key sectors and enhance its competitiveness as a business hub that offers connectivity and quick access to key markets with attractive tax incentives. The main priorities of the company’s annual growth strategy include further development by attracting more SME and FDI business, meeting the needs of potential clients, registering more free zone entities, signing new property contracts, and growing the business to further support work Developing its free zone operations to diversify the economy of the Emirate of Abu Dhabi.
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About Abu Dhabi Airport Free Zone
Abu Dhabi Airport Free Zone (ADAFZ) is a 100% foreign ownership duty-free business environment with a 0% import/re-export tax haven. Established in 2012 as part of the emirate’s economic diversification strategy, the zone is home to businesses in a wide range of industries including aviation, logistics, e-commerce and ICT, with many new industries coming online. Unlike any other free zone in the emirate, ADAFZ cites its proximity to international airports as one of the key advantages it offers its clients as a strategic hub and gateway to the Middle East.
Operating from Abu Dhabi International Airport, Al Ain International Airport and Al Batin Executive Airport, ADAFZ manages a property portfolio of over 88 square kilometers, serving as a one-stop shop for a wide range of world-class products and facilities, including full-service Business centers, development sites, aircraft hangars and more, all of which provide our tenants with an excellent return on investment.
You can follow ADAFZ
Instagram: https://www.instagram.com/abudhabiairportsfreezone
LinkedIn: https://www.linkedin.com/showcase/abu-dhabi-airport-free-zone/
Facebook: http://www.facebook.com/AbuDhabiAirportsFreezone
Twitter: https://twitter.com/ADAFZOfficial
YouTube: https://www.youtube.com/channel/UCtvCnSRkVITL4sLJzbpTfiw
website: www.adafz.ae
News office: CorporateCommunications@adairports.ae
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