Abu Dhabi’s Higher Corporation for Specialized Economic Zones (ZonesCorp) is participating at the ongoing Hannover Messe event in Germany, with a delegation of 19 industrial manufacturing companies.

The event which kicked off yesterday (April 25), will run until April 29.

The Hannover Messe, a leading international trade fair that promotes key technologies, is attended by the world’s leading industrial companies and typically attracts around 250,000 visitors with around 6,500 companies exhibiting.

All the companies taking part in the delegation have established operational manufacturing facilities in various ZonesCorp’s industrial cities in Abu Dhabi. The purpose of the delegation is to showcase the high quality international companies that have facilities in the ZonesCorp acreage, said a statement from the zone.

Alongside its partners, ZonesCorp will also highlight the benefits of its cluster-based industrial model that supports growth, creates value chain benefits and enhance efficiencies between its investors, it added.

In recent years the economic zone has drawn a steady stream of world class manufacturing companies to its extensive acreage and now contributes over 50 per cent of the manufacturing gross domestic product (GDP) of Abu Dhabi. In the last two years alone, it has attracted over Dh4 billion ($1 billion) in new investments in 62 new industrial and manufacturing projects covering an area of 1,755,000 sq m. This is largely thanks to the combination of its attractive operating model, world class infrastructure, highly competitive utilities and its business friendly tax free environment.

Another significant factor contributing to ZonesCorp’s rapid growth is Abu Dhabi’s appealing strategic location geographically, which is vital for companies wishing to expand their reach and bridge the gap between markets in the east and west. All these elements have cemented its position as a destination of choice for industrial investments in the region.

The delegation will be located in the UAE Pavilion headed by the Department of Economic Development and will also be taking part in the UAE Investment forum lead by Sultan Bin Saeed Al Mansouri, Minister of Economy in the UAE and Ali Majed Al Mansoori, chairman of Abu Dhabi Department of Economic Development.

Saeed Eisa Al Khyeli, acting chief executive officer for ZonesCorp, said: “We are delighted to be participating in the event and to be showcasing the UAE manufacturing success story to the world.”

“The companies making up the delegation represent an impressive cross section of the leading regional and international industrial players and are a testament to the progress we have made towards diversifying the Abu Dhabi economy and turning the Emirate into a regional manufacturing hub,” he added. – TradeArabia News Service