Abu Dhabi Airports Free Zone (ADAFZ), a subsidiary of Abu Dhabi Airports, has unveiled a new partnership with Masdar City Free Zone, a thriving business community and sustainability hub located within Masdar City.
This collaboration aims to expand the availability of workspace and comprehensive logistical services for businesses in both free zones.
Under this agreement, companies based in Masdar City Free Zone will have the opportunity to lease warehouse and manufacturing space within the Abu Dhabi Airports Free Zone. ADAFZ, as a top-tier logistics partner, will offer free zone branch licenses at no cost, including registration and licensing, to all companies operating from ADAFZ logistics and industrial areas.
Additionally, premium services and other incentives will be provided. This enables businesses to hold licenses in and benefit from both free zones, according to WAM.
ADAFZ and Masdar City Free Zone Collaborate to Strengthen Abu Dhabi Free Zones
The joint efforts of ADAFZ and Masdar City Free Zone are geared towards enhancing synergies and strategic partnerships among Abu Dhabi Free Zones, thereby fostering the growth of the free zone ecosystem in the emirate.
The partnership was solidified with the signing of a Memorandum of Understanding (MoU) during the ADIPEC event in Abu Dhabi, the world’s largest energy exhibition.
Maureen Bannerman, Chief Commercial Officer, Abu Dhabi Airports, said: “We are thrilled to be working with Masdar City Free Zone moving forward. Real estate is an essential element of free zone operations, and we are excited about the opportunities to enhance services through our combined efforts. By working together, we can accomplish our shared vision of bolstering business integration within the free zone ecosystem, whilst ensuring more businesses benefit from the end-to-end logistics services we provide.”
Unlocking Synergies: Expanding Business Opportunities in Abu Dhabi’s Free Zones
Mahmoud Al Hosani, Executive Director, Finance and Support Services, Masdar City, said: “This is an important expansion of our existing ecosystem. It’s also an exciting opportunity for the 1000+ companies in our free zone that will now have the option of networking within another business community and utilizing free warehouse and manufacturing space—all just minutes away from their existing offices. VOLTS, a clean energy storage start-up we invested in and supported through The Catalyst, our venture arm, is one of the companies currently beginning manufacturing operations in the Abu Dhabi Airports Free Zone. We can’t wait to see them expand and thrive even more.”
ADAFZ offers a wide range of warehouses and real estate options across various sites at three airports, namely Abu Dhabi International (AUH), Al Ain International (AAN), and Al Bateen Executive (AZI). The largest of these facilities can be found within the Abu Dhabi Logistics Park, which is in close proximity to the Masdar Free Zone, enhancing the potential for collaboration.
