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Abu Dhabi, UAE: Abu Dhabi Airports Free Zone (ADAFZ), a subsidiary of Abu Dhabi Airports, has reaffirmed its status as a unique preferred business destination for local, regional and international organisations across several economic sectors, recording a two-fold increase in leased out spaces and properties.
This strong performance in 2022 was dually driven by growth in leased spaces and properties, where ADAFZ signed contracts for a total of 163,580 m2, across Abu Dhabi International, Al Ain International and Al Bateen Executive Airports. Properties included commercial spaces, land development plots as well as administrative facilities, resulting in an increase in annual leases by 256%.
H.E. Eng. Jamal Salem Al Dhaheri, Managing Director and CEO, Abu Dhabi Airports, said: “Since its establishment, Abu Dhabi Airports Free Zone has continuously evolved, living up to its potential as a vibrant business hub and a major logistics asset for the emirate of Abu Dhabi and the UAE. Building on this momentum, ADAFZ will continue to play its role in supporting the economic diversification and reinforcing the emirate’s position as a hub for aviation, pharmaceutical, logistics, light industries, advanced technology sector, and general entrepreneurship.”
The number of newly registered free zone entities with ADAFZ increased by 45%. Additionally, the growth experienced by ADAFZ is highlighted in specific business areas such as manufacturing, as new licences issued increased by 200%. Additionally, new licences for companies in the IT sector increased by 133%, and licenses for aviation businesses increased by 54%.
Adel Al Taheri, VP Free Zone Sales & Services, added: “By accommodating customer requirements, providing a diverse spectrum of services, and serving as a world-class gateway to sustainable business success, last year proved to be amongst our most successful to date and we are proud with this growth. This year, we are innovating and providing greater value to our customers, stakeholders, and partners at the forefront of our priorities, beside accelerating our own development as a dynamic free zone hub.”
Looking ahead, ADAFZ aims to capitalise on its sustained growth across all key sectors and enhance its competitiveness as a business hub that provides connectivity and swift access to key markets with attractive tax benefits. The company’s main priorities under its annual development strategy include further developing its free zone business by attracting more SME and FDI business, satisfying the needs of potential customers, registering additional free zone entities, signing new property contracts, and growing the business to further support efforts of economic diversification in the emirate of Abu Dhabi.
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About Abu Dhabi Airports Free Zone
Abu Dhabi Airports Free Zone (ADAFZ) is a 100% foreign ownership, tax-free business environment with a 0% import/re-export tax duty haven. The zone was established in 2012 as part of the emirate’s economic diversification strategy and is home to businesses from a wide range of sectors such as aviation, logistics, e-commerce and ICT with many new sectors coming online. ADAFZ, unlike any other free zone in the emirate, lists its proximity to international airports as one of the major advantages afforded to its clients, serving as a strategic hub and gateway to the Middle East.
Operating at Abu Dhabi International Airport, Al Ain International Airport and Al Bateen Executive Airport, ADAFZ manages a property portfolio of over 88 km2 and acts as a One-Stop-Shop providing a variety of world-class products and facilities, including fully serviced business centres, plots of land for development, aircraft hangers and more, all of which offer an outstanding return on investment to our tenants.
You can follow ADAFZ on
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
Press Office: CorporateCommunications@adairports.ae