Our industrial zone base for Indian companies to expand across the Gulf: UAE official
New Delhi, September 1 () Indian companies are now using industrial areas such as KIZAD in Abu Dhabi as a base to expand through the Gulf Cooperation Council, as well as to increase exports to countries in the Middle East and beyond Africa , one of the leading UAE official said Sunday.
According to Falah Mohammad Al Ahbabi, a member of the Abu Dhabi Executive Council, there has been a significant investment by India in the Khalifa industrial zone (KIZAD), a subsidiary of the Abu Dhabi ports.
Some USD 90 million in Indian investment have been attracted to the area since its opening in 2012. We believe this is a reflection of the powerful combination of the strategic location of Abu Dhabi, the logistics efficiencies of KIZAD and the connectivity offered by the port of Khalifa, said Al Ahbabi. saying .
He said that Indian companies in the metals, food processing and packaging, pharmaceutical, construction and automotive industries have been recognized in the United Arab Emirates for decades.
He said that the recent visit of Prime Minister Narendra Modi to the United Arab Emirates, where he was awarded the Order of Zayed, would further strengthen the relationship and increase trade between the two nations, which already amounted to almost USD 60 billion annually.
Al Ahbabi, who is also president of Abu Dhabi Ports, is of the opinion that both India and the United Arab Emirates have extensive maritime pedigrees and a vision for the future that sees the industry at the forefront of world trade by taking advantage of The latest trends and technologies. from automation to artificial intelligence.
In fact, Maqta Gateway, a subsidiary of Abu Dhabi Ports, has been testing the international Silsal blockchain solution with MSC Mediterranean Shipping Company to provide a secure and seamless link between stakeholders in the business community, he said.
Meanwhile, in India, the Sagarmala Program aims to harness the full economic potential of India's long coastline, its inland waterways and its strategic location on key international maritime trade routes, he added.
The UAE government has identified more than 400 projects that involve an investment of USD 123 billion over 10 years in the modernization of ports and the development of new ports, in addition to improving the connectivity, logistics and industrialization of ports.
To help Indian companies grow internationally, Abu Dhabi Ports is investing heavily in port, industrial and logistics infrastructure, setting ambitious goals to ensure that there is adequate capacity and tools, he said.
The port of Khalifa, for example, aims to increase container volume capacity to 9.1 million TEU (twenty-foot equivalent unit) over the next five years. And we have committed AED 1 billion (USD 272 million) to expand and transform the port of Fujairah. These expansions will improve Indian trade and energy shipping routes and help Indian export-oriented businesses grow, he said.
We are also working to further improve the ease of doing business in Abu Dhabi, in line with Ghadan 21, the three million AED 50 billion (USD 13.6 billion) acceleration development program for the emirate, he added.
Last month, Abu Dhabi Ports announced an agreement with the All India Plastics Manufacturers Association (AIPMA) to support Indian polymer investors through KIZAD Polymers Park, a custom manufacturing and distribution site for the industry.
We believe this will support the growth of India's prosperous plastics and polymers industry, Al Ahbabi said.
He said the partnership between the United Arab Emirates and India can help boost development on Indian coasts and allow Indian companies to expand throughout the Middle East.
In the ports of Abu Dhabi, we share this vision for the maritime sector, so we have launched a five-year strategy to increase capacity in the port of Khalifa, the flagship port of the ports of Abu Dhabi and one of the most maritime centers Great in the region.
Our goal is to increase the capacity of the current 2.5 million TEUs to 9.1 million TEUs. This includes the new Abu Dhabi CSP Terminal; position Abu Dhabi as the regional center for the COSCO global network of 37 ports worldwide. Test operations began in April, and full operations will begin shortly, he said.
According to Al Ahbabi, the strategic location of the UAE between east and west is a great advantage for companies seeking access to the potential of the Middle East, Asia, Europe and Africa.
The potential of this location is being exploited through the UAE's world-class transport infrastructure with multimodal connectivity by road, ports and air networks; connecting it with 4.5 billion consumers, he said.
In the Port of Fujairah, which creates a new gateway to the Gulf from the Indian Ocean, he said it is the only multipurpose port on the east coast of the United Arab Emirates and is located on the coast of the Indian Ocean of the Emirates, near of east-west shipping routes. By taking advantage of this strategic location and improving the capacity and facilities of the port, we are creating a new gateway to the United Arab Emirates and the Arabian Gulf region, increasing connectivity to India, Africa and Asia. ZMN SMN SMN