Business | General

Channel Sponsor

ZonesCorp eyes Abu Dhabi's west, also set to build worker housing

ZonesCorp, which allotted plots in Abu Dhabi's three industrial cities (ICAD - I, II and III), is now looking at the emirate's Western Region for developing new industrial zones, its chief executive officer Jaber Hareb Al Khaili said here on Sunday.

  • By Himendra Mohan Kumar, Staff Reporter
  • Published: 23:02 November 9, 2008
  • Gulf News

Abu Dhabi: ZonesCorp, which allotted plots in Abu Dhabi's three industrial cities (ICAD - I, II and III), is now looking at the emirate's Western Region for developing new industrial zones, its chief executive officer Jaber Hareb Al Khaili said here on Sunday.

"That's our planning for the future," Al Khaili said at the Abu Dhabi Conference 2008, organised by the Middle East Economic Digest (Meed).

He also said over the next 12 months, ZonesCorp will announce more industrial lands and build new accommodation facilities for workers who are operating in Abu Dhabi's industrial and commercial sectors.

"We have at the moment accommodation facilities for about 40,000 workers. Over the next 12 months, we plan to have accommodation facilities for some 300,000 workers.

"We are working towards that," said Al Khaili. He said the total investment in ICAD-I, II and III has exceeded Dh30 billion at this point in time, but declined to provide any estimated figures for future investments in the three industrial cities.

ZonesCorp is a government corporation established in 2004 to promote investments in the economic sector of the emirate of Abu Dhabi with Dh1 billion, 10-year closed-end fund to be used to invest in infrastructure projects.

  • Rate this article
  • Average reader rating (0 votes) 0 Stars
Tools

Emailing an article to friend is a simple way to share a news item. Your friend will receive an email with your name and email address as well any personal message you choose to send.

The information you provide on this page will not be used to send unsolicited emails.

This service is not intended to encourage spam, and action may be taken against individuals who maliciously enter personal details of another individual.

Share this article

More from Business General

  1. Gold hits record high past $1,160 per ounce

  2. Gold demand robust as conditions improve

  3. DED stops dealing with paper licences

  4. Hershey mulls $17b solo bid for Cadbury

All articles in General

More from Business

Gulf News
Popular in Business
Airlines in the region
Budget travel

Airlines in the region

Take a pictorial look at some of the budget airlines in GCC

Business Editor's choice