Adel Al Taheri, acting GM, ADAFZ
Adel Al Taheri, Acting GM, Abu Dhabi Airports Free Zone (ADAFZ), explains how his organisation is helping diverse companies reach the next level
When was ADAFZ established? How successful has the free zone been so far?
ADAFZ was first established in 2010 and commenced operations towards the end of 2012. The company has succeeded in attracting over 200 companies to the Free Zone. The company’s first project was the Logistics Park that consists of 100 warehouses. Today the park is home to many renowned companies such as FedEx, DHL, TNT, and others. In 2013, our second project was ready for operations, a business centre where we provide our customers with furnished facilities equipped for starter companies to facilitate the start-up of their business immediately. Following the business centre came our first Grade-A commercial building in the year 2015. In addition to these office buildings, ADAFZ offers hangars and “Musataha” which is the long-term leasing of land plots to investors to be able to build their own facility.
What type of companies are they?
ADAFZ operates free zones at Abu Dhabi International Airport, Al Ain International Airport and Al Bateen Executive Airport and also comprises of a logistics park, business park and business centre providing One Stop Shop Services. ADAFZ caters to a broad spectrum of business sectors including aviation, aerospace, technology & ICT, pharmaceuticals, cold storage, logistics, e-commerce, consultancy, light manufacturing, trading, and many others.
How popular is the free zone proving to be with Indian companies (defined as Indian companies that have opted to use ADAFZ as their UAE or ME base, or UAE–based companies under Indian management)?
Abu Dhabi Airports Free Zone (ADAFZ) is the UAE’s gateway to a future free zone aerotropolis, making Abu Dhabi a thriving destination of choice for local and international businesses. ADAFZ has been able to attract companies from across the globe with a large percentage from the Asian countries, which brings Indian business to the forefront as largest at about 10% of the total companies in registered in ADAFZ.
What are the major attractions of ADAFZ, especially for Indian businesses?
The location of Abu Dhabi geographically is very convenient for business opportunities from the West, starting from the growing economy of UAE and largely the capital city of Abu Dhabi which attracts a lot of business.
ADAFZ’s vision and mission are closely aligned with and support the Abu Dhabi Economic Vision 2030. Through its various initiatives and vast array of services, ADAFZ is directly involved in further developing the emirate’s socio-economic prosperity, knowledge-based economy and diversification of energy demand and supply.
Reports indicate that Abu Dhabi has continuously contributed over 60% to the country’s GDP. ADAFZ’s solid infrastructure, strong financial system and steadfast support for entrepreneurs are further enabling the capital’s ambition towards building an open, efficient and globally integrated business environment that will strengthen international business relationships.
What additional services does ADAFZ offer?
Within the free zone environment, ADAFZ offers its customers the full spectrum of free zone services, including company registration, licensing, leasing, rapid visa processing for employees, among several others. Entrepreneurs enjoy benefits including 100% foreign ownership, 0% corporate tax, 0% personal income tax, 0% import or re-export duties, no restrictions on capital repatriation and no currency restrictions, as well as a full range of business activities licenses. Additionally, licensed companies operating at ADAFZ are offered dual licenses allowing for operation outside the free zone and therefore, are provided with an opportunity to participate in government tenders.
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