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“We are very proud with all that we have achieved in our country in the industrial field. We know that there are more stages needed to achieve our goals. Thus we have decided to establish industrial cities that are well-equipped with infrastructure and required administrative services in order to encourage the industrial investments,” says Khalifa Bin Zayed Al Nahyan, Abu Dhabi’s Crown Prince.
It is the intention of Abu Dhabi’s ruler and UAE president, H.H. Sheikh Zayed Bin Sultan Al Nahyan, to establish and promote Industrial City of Abu Dhabi (ICAD) to aid the comprehensive development of the country. The services and facilities will give support to the industrial sector and aim to:
ICAD includes all the basic services and infrastructure to help investors to settle in one central location in order to save them effort, time and money.
The emirate
Abu Dhabi Emirate is the biggest emirate in the UAE in terms of area and population. It is also considered the centre of the state, being the capital of the UAE. It contains all ministries, corporations and various federal and local government departments. It is the location for local and international banks, and boasts modern communication, transportation, hotels and tourist areas.
The financial and banking system are free regarding money dealings; that is, there are no restrictions for getting funds in or out and no taxes imposed on investments in various activities.
Abu Dhabi is distinguished for its international airport and port. Lying between Europe and Asia, it is considered a convenient international hub.
It is also a suitable place for investment, especially now that the local government is encouraging local and foreign investors, providing them with capital protection facilities without any restrictions or conditions, in order to increase their investment projects and prospects.
Industrial investment
Industrial investment in Abu Dhabi can be profitable, depending on investors’ ability to prove the quality of their products. The government encourages high-quality production through awards for industrial plants, such as the Sheikh Khalifa Industrial Award.
Abu Dhabi’s location qualifies the city to play an active commercial role as a connection point for shipping and a facilitator of goods transportation between the East and the West. The free economic policy and non-taxation for individuals, companies and foreign company branches, plus customs duty exemption for imported raw materials used in national industries, free movement, easy transportation and low rent for industry, all contribute to an ideal environment for the investment of national and foreign capital.
Location
The total area of the Industrial City is 24km2, located north of the marine canal, 30km from the centre of Abu Dhabi City and 25km from Abu Dhabi International Airport.
Services
The aim of ICAD is to make the industrial investment environment smoother and easier through co-operation with government entities by providing the following procedures and privileges on a “one-stop-shop” basis:
The following information was provided by ICAD
Sector - Number of factories
Foodstuff - 28
Garments & leather - 15
Wood, cartoon & papers - 38
Chemicals - 36
Fibreglass, plastic & sponge - 58
Building materials - 75
Metal - 81
Instruments & equipment assembly - 23
Source: ICAD
