Sign In

News Details



 Catalog-Item Reuse ‭[1]‬

 Catalog-Item Reuse ‭[2]‬

News Details

Abu Dhabi DED Takes Part in the World Ports Trade Summit

Monday, March 28, 2011
HE Hamad Abdulla Almass, Executive Director Int. Economic Relations Sector of the Abu Dhabi Department of Economic Development (DED), stressed the Abu Dhabi Government’s keenness to continue the accomplishment of its development projects related to transportation, trade and logistic services so that the emirate can be a key hub for business and industry in the region and; accordingly, realize one of the most important and prominent drivers for future economic growth indicated by the Abu Dhabi Economic Vision 2030.“Making use of its unique geographical location, its advanced infrastructure coupled with the completion of Khalifa Port, the Al Taweela-based Industrial Zone and the Abu Dhabi Airport’s expansion project, as well as of the railway one, the Emirate of Abu Dhabi would have made one of its most important and outstanding achievements and of its future vision at the economic level,” Mr. ALmass said in the course of his interview with the media at the DED’s pavilion participating in the 3-day-long World Ports Trade Summit, which started at the Abu Dhabi National Exhibition Centre (ADNEC) yesterday.“Abu Dhabi’s playing host to the World Ports Trade Summit would be a favourable chance for reviewing the emirate’s strategic plans and development projects before both experts of the world and major international companies specialized in transportation and logistic services, free industrial zones’ projects and global ports, something which would open the door wide for further investments besides an inflow of foreign capitals into the emirate,” he noted, stating that national companies and private sector businesses, participating in this summit by means of their stands at the exhibition, have to capitalize this opportunity and to open up a capacious room for themselves during the forthcoming period which is going to witness a significant shift in the emirate’s economy, given the commencement of the operational processes related to its major projects the most important and remarkable of which are those of Khalifa Port and the Industrial Zone.“The 2009 contribution made by means of maritime transport to Abu Dhabi’s foreign trade turnover by 60% is an important indicator that such a means is the main measure for the development and growth of the emirate’s volume of foreign trade and its contribution is conditional on this sector’s development and growth. Therefore, our wise leadership’s directives have been interactive with such statistics through the investment of huge funds for the purpose of establishing Khalifa Port, the Industrial Zone in addition to other transportation-related projects,” he explained, affirming his full belief that the completion of Abu Dhabi’s major development projects the most important of which are both Khalifa Port and the Industrial Zone based in Al Taweela would bring about an active shift in the emirate’s economic base. It would also realize one of the 2030 Vision’s most prominent objectives in terms of building a sustainable, diversified and value-added economy.Mr. Hamas Almass mentioned as well that “As per the second objective identified by the 2030 Vision on expanding the base of business projects, it is worthwhile to note that the Khalifa Port and the Industrial Zone projects are going to actively help make such an objective true by means of on-going growth, founding leading national companies, attracting foreign direct investment (FDI) in advanced technology projects, as well as of motivating small- and medium-sized companies in this respect”.Abu Dhabi’s Industrial Strategy being prepared by the DED in coordination with its main partners in Abu Dhabi has paid attention to the role of such major development projects being executed by the Abu Dhabi Government and to the industrial sector’s added value through what will be provided by Khalifa Port and the Industrial Zone, including logistic services and packages of incentives and facilities to UAE and foreign investors, he pointed out, praising the role being assumed by the Abu Dhabi Ports Company (ADPC), which had dwelt on hosting this international summit and managed to attract a constellation of experts, along with foreign and Arab countries with an aim of meeting them in Abu Dhabi and introducing the Abu Dhabi Government’s plans in the near future and thus succeeding in the creation of strategic partnerships and paving the way for the commencement of large-scale operational processes for the Khalifa Port’s project.Concluding his statement, Mr. Almass extended his thanks and appreciation to companies present as part of the DED’s pavilion taking part in the World Ports Trade Summit, maintaining in this context that the DED cares for providing all forms of support to private sector’s companies at events both inside the UAE and abroad.
Follow us