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Aviation has always been at the forefront of economic development in the UAE. The establishment of business parks and free zones in the vicinity of airports has facilitated robust non-aeronautical revenues.
The privatization of the Abu Dhabi International Airport in the late 2000s and the inception of the Abu Dhabi Airports Company (ADAC) saw major breakthroughs in the emirate’s tourism and economic game plan to give the private sector investment a leg up. Much like Dubai, the Abu Dhabi Airport Free Zone (ADAFZ) stands to gain a foothold in the aviation, cargo, supply, warehousing and logistics sectors.
Skycity, a subsidiary of ADAC, is the brains behind the smooth operation of ADAFZ. Companies in ADAFZ enjoy 100 percent corporate, import, export and income tax exemption in addition to investment incentives like full foreign company ownership and 100 percent repatriation of capital and profits. Trade, service and industrial licenses can be issued for start-ups upon submission of authentic requirements.
Lying within a 12-square-kilometer perimeter of the airport has given ADAFZ a unique impetus to provide a palette of services for industries such as logistics and oil and gas aerospace, airport services, aircraft interiors, consultancy and maintenance, repair and overhaul (MRO), among others.
Other offerings for customers in ADAFZ include international freight forwarding facilities, access to the airport apron, online customer service, serviced offices, cold storage facilities, labor and staff accommodation and complete 24-hour security, etc.
With Phase II of the project currently on wheels and poised for completion by the end of 2015, ADAFZ is touted to become a flourishing hub for aviation and its related industries. Phase II will also offer storage, warehousing and light industrial units as part of a fast-paced expansion program that is in synchrony with the Midfield Terminal.
• ADAFZ issues trade, service and industrial licenses for customers
• It caters to aviation, cargo, supply, warehousing, logistics sectors
• It offers warehouses, light industrial units and storage facilities
Source: Nandakumar Ganesh, Special to Properties
The writer is a freelancer