The two entities to work in partnership to enhance their customer offerings
Abu Dhabi Airports Free Zone (ADAFZ), a wholly owned subsidiary of Abu Dhabi Airports, has signed a Memorandum of Understanding (MoU) with the Registration Authority of Abu Dhabi Global Market (ADGM Registration Authority) to promote the position of the Emirate of Abu Dhabi as a financial centre.
The MoU was signed by Rowan Michael Kelly, Senior Vice President of ADAFZ and Dhaher bin Dhaher Al Mheiri, CEO of ADGM Registration Authority.
The MoU seeks to establish joint initiatives in regards to providing warehouse commercial licensing, incentives and knowledge sharing. The agreement addresses several important areas of cooperation aimed at increasing benefits for customers where ADAFZ will be facilitating the provision of warehouse facilities for ADGM entities and both parties will promote legal structures available at each of their respective free zones to investors.
The MoU also calls for the creation of a joint committee to oversee the collaboration between ADAFZ and the ADGM Registration Authority.
“By working together, we will focus on meeting our customers’ needs through an expanded product offering and simplified commercial processes including company licensing, registration and employee visa processing,” remarked Bryan Thompson, CEO, Abu Dhabi Airports.
“Customers will be offered a variety of facility leasing options such as warehousing units, commercial offices and land plots, where facility management services are offered,” said Rowan Michael Kelly, Senior Vice President, ADAFZ.
“The MoU is a strategic collaboration that will offer seamless and integrated solutions for investors with a focus on streamlining business setup. The agreement intends to boost the UAE’s vision to transform the country’s economy, by diversifying the range and depth of economic activity, and driving in more growth from emerging sectors,” observed Dhaher Bin Dhaher Al Mheiri, CEO, ADGM Registration Authority.
