Ports &
Freezone
News
Now’, DP World has committed to
creating the most productive, efficient, and safe trade solutions, well
aligned with Expo 2020’s focus on
innovation and its subthemes of
Opportunity, Mobility and Sustainability. The global trade enabler is
also an active supporter of startup organisations, both locally
and internationally, complementing similar Expo 2020 initiatives.
According to the WTO, global
trade was worth $18.5 trillion in
2014. The Middle East, Africa
and Asia together accounted for
just $6.904 trillion of that total.
The three regions have, however, experienced rapid growth.
The World Bank estimates that
gross national income per capita
in Sub-Saharan Africa grew by
almost 240% between 2002 and
2014. The UAE was the world’s
11th largest exporter in 2014,
and has firm plans to reduce oil’s
contribution to national GDP to
less than the current 30%. On
21 November 2015 the UAE announced the details of the Emirates Science, Technology and
Innovation Higher Policy. This is
a US $ 82 billion plan to foster a
knowledge economy, and prepare
the UAE for a world beyond oil.
28
June 2016
KIZAD LAUNCHES PHASE 2 OF LOGISTICS PARK
• Kizad Logistics Park Phase 2 to comprise of 64 units
• Kizad Logistics Park will house a total of 105 pre-built
warehouses
• Special lease rates for a limited time
A
bu Dhabi Ports, the master developer, operator and manager of ports and Khalifa Industrial Zone (Kizad) in the Emirate,
has announced the launch of the second phase of Kizad Logistics Park (KLP) – Non Free Zone warehousing. KLP is comprised
of high-quality warehouses in Kizad’s logistics cluster and is set
to become one of the leading warehousing centres in the region.
Following the success of KLP Phase 1, Kizad has started construction on the second phase of the project. 64 high-quality modular warehouse units are set to be handed over to tenants by Q3 of this year (2016) bringing the total number of
units to 105 covering an area of 118,965 square metres.
Commenting on this new development Mana Mohammed Saeed
Al Mulla, Chief Operating Officer, Kizad said, “Kizad’s development follows a demand-driven approach; responding to the needs
of the market and designing flexible solutions accordingly. The
41 warehouses in Phase 1 were 83 per cent leased prior to construction being completed and 100 per cent leased a few months
after that. Since then the need for more high-quality warehousing units has encouraged us to start building Phase 2 of KLP.”