Business | Economy

Foreign direct investment in Zonecorp exceeds Dh5.3 billion

Zonecorp keen to strengthen ties with Asian industrial economies

  • Wam
  • Published: 19:18 October 14, 2012
  • Gulf News

Abu Dhabi: The volume of foreign direct investments in industrial areas affiliated to the Higher Corporation for Specialised Economic Zones (ZonesCorp) has reached Dh5.3 billion during the current year.

Mohammad Hassan Al Qamzi, CEO of ZonesCorp, stressed the corporation’s keenness to establish long-term strategic relations with its international strategic partners from all around the world.

He added that the corporation is acting to encourage local investments and attract more foreign investments to its diverse zones, which leads to meeting the needs of the local Emirati and regional markets.

Al Qamzi emphasised the corporation’s keenness to strengthening the commercial ties with the Asian industrial economies such as that of Japan, India and Turkey and elsewhere.

He said the corporation has managed to highlight promising investment opportunities and business potential in Abu Dhabi through its participations in Abu Dhabi investment forums, joint economic committees and visits organised by local and federal bodies.

Cooperation

“Participation in international events has helped the corporation attract more foreign investments into its affiliated industrial areas, and also contributed to promoting openness and opening up new avenues of cooperation as well as strengthening commercial ties with European, American and Asian industrial companies,” Al Qamzi said.

“Abu Dhabi’s several investment forums provide an opportunity for the corporation to put forth the most prominent investment services and solutions offered by the corporation throughout the sole-window programme to different local as well as international investors, he added.

Al Qamzi emphasised Abu Dhabi’s interest in implementing major development projects, mainly those determined by the Abu Dhabi Economic Vision 2030, which will be the base for international strategic partnerships, aiming to achieve Abu Dhabi’s sustainable economic development according to knowledge-reliant principles of economy.

Gulf News
Retail Gold Rate
Business Editor's choice