Abu Dhabi Ports in Foreign Investment Deal


The Industrial Development Bureau of the Department of Economic Development (IDB) has signed a Memorandum of Understanding (MoU) with Abu Dhabi Ports to establish a joint-programme that will help attract investment and further develop and enhance the fast-evolving industrial sector of Abu Dhabi.

PTI previously reported on information that Abu Dhabi’s Khalifa Port had received investment of around US$35 million, solidifying a business partnership between Italy and the United Arab Emirates (UAE).

The MoU is built on the foundation of knowledge-exchange. The agreement establishes a framework for mutual cooperation and collaboration, strengthening dialogue between the two organisations and deepening technical know-how on how best to facilitate industrial growth for the Emirate of Abu Dhabi.

Ayman Al-Makkawy of the Industrial Development Bureau of Abu Dhabi, said: “This agreement, and the resulting advancement in expanding current service-offerings, falls within the framework of IDB’s objectives of developing and implementing policies, plans and programmes as well as providing organisational, legal and environmental guidance for the development and construction of industrial projects in the emirate.

“This agreement will raise the standards of service and together with Abu Dhabi Ports, we can further get acquainted with the needs of investors as well as expand and develop the attractiveness of Abu Dhabi as a business-friendly environment and place for investment.”

Captain Mohamed Juma Al Shamisi, CEO Abu Dhabi Ports: “With Abu Dhabi Ports focusing efforts on strengthening stakeholder relations, we are able to deliver on our commitment to drive value for our customers and for the Emirate.

This agreement will witness further coordination, cooperation and focused efforts in developing the industrial sector of the Emirate. Together with the IDB our aim is to help achieve the objectives set out by the Abu Dhabi Economic Vision.”

Finally, Abu Dhabi Ports’ Kizad and the IDB will also look to host joint employee training programmes and industry workshops to keep competencies up-to-date with global best-practices.

Abu Dhabi has recently seen a spike in its container volumes, having seen an increase of around 35% in Q1 of 2015, demonstrating positive growth not only for Abu Dhabi but for the UAE.

(Source: Abu Dhabi Ports)

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