[1] As part of its plans to achieve economic diversification by 2030, the Abu Dhabi Government drew up plans to launch a multibillion-dollar industrial park and ports operation on a greenfield site in Taweelah (adjacent to the newly built Khalifa Port) which would become the emirate's first industrial free zone offering 100 per cent foreign ownership.
[3] Besides its proximity to the state-of-the-art Khalifa Port, the industrial zone is located almost equidistant between Abu Dhabi and Dubai, with extended frontage along the E11 Highway connecting the two cities.
[8] According to media reports, KIZAD could lead to the creation of more than 150,000 jobs due to a deal signed with more than 50 local and international companies.
By late 2013, these logistics and heavy industry manufacturing investors included Bauer,[9] KSB,[10] Al Braik Investments LLC,[11] Palletco,[12] Brasil Foods (BRF),[13] City Pharmacy,[14] and Emirates Calcium Carbonate Factory [15] which all signed up long-term leases at Kizad and began constructing facilities on the site.
[17] The interview followed on from the news that major UAE supermarket chain, Spinneys, had inked a 50-year deal to build and operate a dedicated cold storage distribution center across 382.9 thousand square feet in KIZAD.