ZonesCorp announced that it has signed four new deals with companies to build facilities in Al Ain Industrial City (AAIC). The new projects represent a combined investment of approximately Dh51 million and cover a total area of nearly 60,000 square metres.
After finalising deals with ZonesCorp at the end of 2016 and first quarter of 2017, construction of the new facilities is underway and due to be completed towards the end of the year, according to a statement from Zones Corp.
“These new developments show that AAIC and its distinctive advantages continue to be attractive to investors, particularly for those looking to access markets in the flourishing city of Al Ain external markets such as Oman and KSA and Qatar,” Saeed Eisa Al Khyeli, Director General of ZonesCorp, said in a statement.
The new facilities in Al Ain Industrial City represent a diverse range of businesses including, Mauzan Perfumes Factory LLC, High Class Doors & Windows Factory, Al Murooj Organic Fertilizer Factory and Al Sultan Readymix & Precast.
AAIC is located midway between the cities of Abu Dhabi and Dubai and is spread over an area of 9 square kilometres. The zone caters to light manufacturing industries and small and medium enterprises (SMEs) such as paper and wood, textiles, small scale service and repair workshops.
AAIC also caters to some heavy industries such as chemical and plastic projects. ZonesCorp has plans to further develop AAIC with new projects, such as retail and leisure facilities.
Currently housing over 650 industrial facilities, ZonesCorp has attracted over Dh29 billion worth of investments from local and international companies into its economic zones since its inception in 2004.