Industrial Zone in Abu Dhabi
Why Setup Business in Industrial Zone in Abu Dhabi
Industrial City of Abu Dhabi is the name that is being given to a real estate development located in the United Arab Emirates (the United Arab Emirates). It is also referred to as the “New Industrial City”. The city was designed and built as a “feeder zone” for those companies that had large production facilities and were looking for a place to store their excess stocks. This was done in a bid to make the operation of their businesses more efficient and cost effective. The reason why they are giving this area away for free is to attract new industries to this part of the world.
Many industries have started operating in this free zone of the country. Some of the major industries that have started operating here include cement manufacturers, chemical manufacturers, petroleum refineries, electrical companies, shipyards, sugar mills and oil drilling. All these industries have made the operation of their businesses more convenient and profitable. There is a huge demand for these products in the free zones all over the world.
These free zones have also attracted foreign direct investment. This is because many multinational companies are establishing base here. They have made the decision to build some of their biggest plants and factories in the region. As a result of this the economy of the region has become highly developed.
The free zone offers an ideal location for new establishments. This is because there are no compulsory charges imposed on the development of property here. This means that the price of real estate here is cheap and is in a competitive market. Therefore many people are attracted to buy property in this area. This is why many real estate developers are attracted to the area.
Abu Dhabi is the second largest freezone of the United Arab Emirates (the first is Dubai). This city has a thriving economy based on the oil industry. This industry accounts for about eighty percent of the economy and it is responsible for about two thirds of the city’s gross domestic product. This means that the city has a thriving economy based on a number of industries. Companies have been investing in the city for more than thirty years and they have seen that Abu Dhabi is one of the most stable destinations for their investments.
One of the best investments an individual can make is in the industrial sector of the city. The reason for this is that there are a large number of industries here. The commercial properties are spread all across the zones and thus, this allows investors to choose according to their requirements. The free zones provide you with the perfect opportunity to invest in both retail and office properties. There are also opportunities for property developers to set up their industrial sites without spending a lot of money. Industrial zones in Dubai have become a favorite among individuals and multinational companies.
The government of this emirate has made it a point to support the interests of its local businesses. The state of the economy is improving and the state has put forward several measures so that it can become a better place to do business. The city has made efforts to attract businesses and investors from all over the world by offering tax breaks and subsidies. If you want to invest your money in one of the industries in Abu Dhabi, you should consider this point – you have a lot of competition and you cannot afford to lose out to any one of them.
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