Jiangsu provincial government and potential investors explore lucrative investment opportunities
Following Chinese President Xi Jinping’s recent historic visit to the UAE, senior representatives at Abu Dhabi Ports and Khalifa Industrial Zone Abu Dhabi (KIZAD), visited Nanjing, Jiangsu Province, to bolster growing trade relations recently.
During the China-UAE Industrial Capacity Cooperation Demonstration Zone Investment Promotion Conference, industry leaders, government officials and private sector decision makers gathered to discuss and learn more about the attractive investment opportunities within Abu Dhabi Ports and its subsidiaries including KIZAD, Khalifa Port Free Trade Zone and Khalifa Port.
Hosted by Jiangsu Overseas Cooperation Investment Co. Ltd. (JOCIC), more than 180 delegates from government entities and 90 companies attended the event. Captain Mohamed Juma Al Shamisi, CEO, represented Abu Dhabi Ports while Samir Chaturvedi, CEO, represented KIZAD.
JOCIC is currently developing the 2.2 sqkm. industrial development zone in Khalifa Port Free Trade Zone with 19 Chinese companies already signed up to date.
In addition, Abu Dhabi Ports & China’s COSCO SHIPPING Ports has signed an agreement last year to develop one of the most modern container terminals in Khalifa Port.
“Our value proposition, connectivity and superb infrastructure, as well as our strategic Chinese partnerships, have played a big role in cementing our position in the global market and enhancing our competitive advantage,” remarked Captain Al Shamisi.
“At KIZAD, we have already seen major investments in oil and gas, both upstream and downstream, in ports and shipping, in industrial development and various other industry sectors,” said Chaturvedi.
KIZAD is the Middle East’s largest industrial zone spread across 400 sqkm. and has attracted over US$ 17.5 billion in foreign direct investment to date, according to company sources.
