Abu Dhabi Ports signed a new agreement with the China Council for the Promotion of International Trade, regarding new commercial opportunities between Chinese companies interested in investing in Khalifa Industrial Zone Abu Dhabi (KIZAD) and Khalifa Port Free Trade Zone (KPFTZ).
The Memorandum of Understanding (MoU) was signed by Abdulla Al Hameli, Executive Vice President – Corporate Support at Abu Dhabi Ports and Zhou Guangyao, Representative of the China Council for the Promotion of International Trade for the GCC region. The agreement was signed during the ‘KIZAD Business Week’.
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Abdulla Al Hameli, Executive Vice President – Corporate Support, stated:
Last year alone, with the support and guidance from the leadership of the UAE, Abu Dhabi Ports signed a 50-year agreement with the Jiangsu province in China, bringing in AED 1.1 billion into the Khalifa Port Free Trade Zone in Abu Dhabi, the largest free zone in the region. Furthermore, COSCO Shipping, the world’s largest container operator, chose Khalifa Port as the base for its operations in the region, driving volumes higher in the upcoming period.
