Abu Dhabi Airports Free Zone (ADAFZ), a wholly owned subsidiary of Abu Dhabi Airports, has recorded a 109% increase in the number of companies registering with the free zone authority in the first half of 2020, as compared to the same period in 2019.
ADAFZ has also welcomed two major international companies, SMSA Express and Honeywell, to its portfolio. The recent success is a reflection of ADAFZ’s central role in bolstering the economy of both the emirate and the nation during the COVID-19 outbreak.
Speaking on ADAFZ’s exceptional results for the first half of the year, Shareef Hashim Al Hashmi, Chief Executive Officer of Abu Dhabi Airports, commented: “ADAFZ’s excellent performance in the first half of this year demonstrates its role as a powerhouse that enables economic activity across the emirate of Abu Dhabi. Through its work, ADAFZ helps to supplement the comprehensive stimulus packages implemented by Abu Dhabi’s leadership, and ensures that international companies can continue to have a robust and reliable partner in the emirate.
“We are particularly pleased to welcome both Honeywell and SMSA Express to ADAFZ, demonstrating the calibre of companies which our free zone attracts. Through furthering the number of companies which work inside ADAFZ, we are able to burgeon Abu Dhabi’s economic future and contribute to the wider growth of the emirate.”
Adel Al Taheri, Head of Property Management and Leasing at Abu Dhabi Airports Free Zone, commented: “The success of ADAFZ in attracting new international customers is testament to the strategic investments which our organisation has made in our suite of services and wide range of facilities available at the three airports, providing organisations with a one-stop-shop to establishing a business in the emirate of Abu Dhabi.
“Our investments have proven particularly prudent during the current global pandemic, with our enhanced air cargo and freight transport capabilities supporting the successful operation of the health, food and beverage, and e-commerce sectors. We will continue to work with our partners to ensure they can benefit from our range of services as the world emerges from the impact of the pandemic.”
ADAFZ has reported in its 2020 bi-annual results, with a 109% increase in the issuing of licenses highlighting that the most significant portion of companies signing agreements with ADAFZ come from the aviation, e-commerce, and healthcare sectors. In addition, ADAFZ also holds a strategic focus on welcoming companies based in both Europe and the Middle East in the ICT, logistics, pharmaceutical, and consultancy management sectors.
Further, ADAFZ has welcomed two new significant multinational customers. Honeywell, the international industrial solutions provider, has established a personal protective equipment manufacturing facility in ADAFZ’s Al Ain International Airport free zone, supporting the UAE healthcare sector with critical medical supplies during the COVID-19 outbreak.
In addition, the leading express transportation and logistics service provider of Saudi Arabia, SMSA Express, has set up a branch within ADAFZ’s Abu Dhabi International Airport free zone, having established a 1,000 square metre warehouse to be used as its first hub within the emirate of Abu Dhabi, with a primary focus on both air and land cargo shipments.