On 27th February 2013, the Executive Vice President of ZonesCorp, Mr Othman Siddeq Al Khouri visited TEEAM. He was accompanied by the Special Advisor to the Chairman of the Board, Dr Hassan Elrashid and Marketing Department Manager, Mr Saeed Salem Al Dhaheri. On hand to receive them were TEEAM Officials, Ir Steven Ng Khoon Hwa (Deputy President) and Mr Ho Khai Hong (Honorary Secretary).

ZonesCorp’s visit aims to promote investment in Abu Dhabi’s Economic Zones.

What is ZonesCorp?

The Higher Corporation for Specialized Economic Zones (ZonesCorp) is the government-backed agency responsible for the establishment, management and operation of specialised economic zones in Abu Dhabi.

ZonesCorp was established and empowered to develop the infrastructure and enabling business environment to reshape the Emirate’s economic landscape through the implementation of targeted industrialisation and investment programmes.

In addition to its role in developing industrial infrastructure, ZonesCorp serves as the licensing authority for all industrial activity in Abu Dhabi. Playing a pivotal role in strategy and policy-setting in line with Abu Dhabi Vision 2030, ZonesCorp is responsible for the development of regulations administering the industrial clusters. Its vision and mission is to shape the future of economic zones and to develop and manage fully integrated economic zones to foster growth for the industrial sector and the local economy.

Key Benefits for Operating at Zonescorp

Investment Climate

• Conducive business climate.
• State – of – the – art infrastructure.
• Cluster-based zoning model, allowing full integration within the industry value chain and deriving synergy benefits.
• Provide Customer-Centric Services through our Investors Management Division and Foreign Labor Service Center.

Operational Benefits

• Products manufactured within the zones enjoy duty-free access to the Gulf Cooperation Council countries, as well as to signatory countries to the Greater Arab Free Trade Agreement.
• Duty-free import of machinery and raw materials.
• Free repatriation of profit and capital.
• Competitively-priced utilities.

Workforce

• International spectrum of skills.
• Vocational training centers ensuring supply of skilled labor force.
• Workers’ residential cities providing world-class labor accommodation.
• Streamlined labor procedures through the Foreign Labor Services (FLS).

Logistics

12 minutes to Abu Dhabi International Airport.

50 minutes to Jebel Ali Port and Jebel Ali Airport.

Planned on-site port – The Abu Dhabi Industrial Port – to serve ZonesCorp projects.

Other Services

• Investment Advice: We assist our customers in selecting the land plot that is most suitable for their needs, and help them to also determine their operational requirements.
• Business Matchmaking (BMM).

Conclusion

The discussion was very interesting and fruitful. Besides the above, both parties shared information on the country’s economy, market conditions and business trends.

Group photo – Guests posing with TEEAM Officials.

Representatives of ZonesCorp – (from left) Mr Saeed Salem Al Dhaheri (ZonesCorp Marketing Department Manager), Dr Hassan Elrashid (ZonesCorp Special Advisor) and Mr Othman Siddeq Al Khouri (ZonesCorp Executive Vice President).