Abu Dhabi Ports celebrates 10th anniversary in 2016
Abu Dhabi Ports is celebrating its tenth anniversary this year and the occasion proclaims more than the number of years of its existence. The master developer, operator and manager of ports and Khalifa Industrial Zone in the Emirate, has made a long list of achievements over the last ten years, the company said in its press release.
Key facilitator of economic diversification
Abu Dhabi Ports’ increasing investments in maritime infrastructure have boosted the Emirate’s import and export trade business that has also reflected in the company’s year-on-year business volumes. This upsurge and increasing investments in Khalifa Industrial Zone (Kizad) spell out the company’s contribution to the economy. Alongside this visible transformation made in the maritime trade business, and industrial sectors, Abu Dhabi Ports has further evidence to substantiate its impact. A study commissioned by Abu Dhabi Ports and verified by Statistics Centre Abu Dhabi (SCAD) explains that the company contributed more than AED 14 billion to Abu Dhabi’s GDP and generated over 39,500 new direct and indirect job opportunities in 2014. The activities of Abu Dhabi Ports in its entirety accounted for 2.9 per cent of the Emirate’s non-oil GDP, which resulted in rise to nearly two per cent of overall employment in Abu Dhabi’s non-oil economy. This had a greater impact on the national GDP which witnessed a value added impact of AED 18.1 billion and nearly 64,000 jobs were supported. Abu Dhabi Ports’ contribution is expected to increase further with the increasing capacity of the company’s ports and operations based in Khalifa Industrial Zone.
