ADAFZ at the Core of Abu Dhabi Vision 2030

by Zaara 04, Feb 2019

ADAFZ at the Core of Abu Dhabi Vision 2030

Abu Dhabi Vision 2030 encompasses the massive shift in the dependency on hydrocarbons with developments in the infrastructure, education, manufacturing and healthcare in the Abu Dhabi Region. The transformation of the Abu Dhabi economy is inspired by the vision to build a sustainable, high-value-added global marketplace-based economy while moving towards a diversified economy with key target sectors within the initiative.

Comprehensive update of the Abu Dhabi policy in the recent times has reflected a great deal of change from the existing economic development policies of Abu Dhabi in terms of developing an economy away from the oil & gas sector. This policy serves as catalyst for the growth in the Emirate of Abu Dhabi while aligning itself with the global markets and economies in the future considering the fact that Abu Dhabi has already evolving as an open, efficient and effective investment policy management reinforcing its position as a leading regional hub.

Planned Sectors of Vision 2030

  • Social development
  • Economic development
  • Infrastructural development
  • Environmental protection
  • Security, safety and justice

ADAFZ Aerotropolis

Abu Dhabi Airports Free Zone (ADAFZ) is the prospective free zone Aerotropolis with state-of-the-art purpose-built facility fusing the economic growth of the area with airport at the centre of all the operations. Such facility accelerates growth by deploying infrastructure that are near as well as easily accessible from the airport by employing efficient practices and regulations in these zones for businesses local and international alike making it a fair ground for the growth.

Abu Dhabi Airport Free Zone (ADAFZ)

ADAFZ is the UAE’s gateway to the future free zone Aerotropolis, enriching the Abu Dhabi’s reputation as the destination of choice for investors and businesses. While attracting more than 224 businesses from over 38 countries, and sponsoring more than 2250 employment visas Abu Dhabi has proved itself to be a noteworthy player reinforcing itself as a significant strategic hub in the business world with ease of access and streamlined process in setting up business.

Furthermore, ADAFZ provides comprehensive business setup facilities with stream-lined process, quick processing, foreign ownership, employment and investor visa, wide-range of permitted activities, efficient and structured rules & regulations, faster licensing to businesses, and excellent tax benefits.

ADAFZ Insights

The ADAFZ’s mission and vision are closely aligned with and reinforce the Abu Dhabi Economic Vision 2030. Through the wide-range of infrastructural development, excellent connectivity, initiative, and vast array of services, the ADAFZ is out-right integrated with the further developments in the emirate’s socio-economic prosperity, fostering a secure environment for business, knowledge-based economy and diversification of energy sector’s demand & supply.

Business Setup Facilities in ADAFZ

The ADAFZ is a wholly owned subsidiary of the Abu Dhabi Airports, with several allied subsidiary operations in Abu Dhabi International Airport, Al Ain International Airport, Al Bateen Executive Airport and the facility also consist of Logistics Park, Business Park, a Business Center for providing one-stop shop services. The ADAFZ accommodates a broad spectrum of business and manufacturing sectors such as aviation, aerospace, ICT, communications technology, pharmaceuticals, cold storage, logistics, e-commerce, consultancy, light manufacturing, trading, and many other allied activities.

Free Zone Services Offered by the ADAFZ

  • Company registration
  • Business activity licensing
  • Land/ space leasing
  • Rapid visa processing for employees
  • Investor and entrepreneur visa
  • 100 percent foreign ownership allowed
  • No corporate and personal income taxes
  • Zero percent duty on imports and exports
  • No restrictions on capital repatriation
  • No currency restrictions
  • Dual licensing for businesses allowing operation outside free zone
  • Wide range of licenses available for businesses

Other Facilities Offered in ADAFZ

  • Excellent connectivity via air & highways
  • Warehousing units
  • Commercial offices
  • Furnished office space
  • Serviced business centers
  • Land plots available for development
  • Full-range of ancillary activities and amenities
  • Opportunity to collaborate with new suppliers, trade partners and logistics providers

Business Opportunities & Target Sectors for Abu Dhabi Economic Vision 2030

  • Manufacturing
  • Tourism
  • Media
  • Financial Services
  • Insurance
  • Transportation and Logistics
  • Education and Healthcare
  • Energy and Utilities
  • ICT and Communication
  • Real Estate and Construction

Foreign Direct Investment Sectors

The Emirate of Abu Dhabi comprises of approximately two-thirds of the UAE’s economy is open to foreign direct investment and development in certain key sectors for intensifying the completion for growth in these areas:

  • Manufacturing
  • Education
  • Renewable Energy
  • Logistics
  • Tourism

Capitalizing on the enhancements in the business investment regulations in 2018 the Emirate of Abu Dhabi expects to attain an annual FDI growth rates surpassing 10%. Leveraging the new regulations, specifically the European countries were keen in investing in the Abu Dhabi, subsequently in the recent times we are witnessing a significant rise in the Chinese investments in the industrial free zones. Furthermore, the emirate has waived off fees on new business licenses for 2 years. If you are looking to set up a business in Abu Dhabi, this might probably be the best time. To seek guidance or information about how to set up your business in ADAFZ, contact us – we’d be happy to help.

Author Bio

Narayanan has been a ghostwriter for the past 4 years. As an undergrad in Electrical & Electronics Engineering, he has a well-founded interest in developing sustainable solutions with innovative technology. Intellectually curious, he has a wide range of interests ranging from Renewable Energy, Electronics, Technology, Military Science, Geopolitics, International Relations, and world history.

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