01 November 2019
Abu Dhabi Ports has launched the first purpose-built accommodation project at Khalifa Industrial Zone Abu Dhabi (Kizad), a subsidiary of Abu Dhabi Ports, with housing and community amenities for 5,000 employees.
The 75,000-sq-m plot is located in Area B of Kizad, within the China-UAE Industrial Capacity Cooperation Demonstration Zone, which was established in conjunction with Jiangsu Provincial Overseas Co-operation Investment Company (Jocic).
The project will house four staff quarters, one management dormitory and two supporting rooms, as well as supporting community living infrastructure to be constructed over two phases, the first of which is due for completion by March 2020.
Samir Chaturvedi, CEO, Kizad said: “The timing for this great step forward could not be better. More than a quarter of the UAE’s Asian imports come from China. With such a stable and sustainable relationship with our Chinese partner, an investment in manpower is one of the most valuable decisions you can make, and this iconic and collaborative project reinforces the confidence and mutual benefits we achieve through our strategic partnership.”
Jocic has already attracted the interest and investment of Chinese firms in Kizad, with investments of more than Dh6.2 billion ($1.68 billion).