Economy of the UAE
Traditionally, the economy of the United Arab Emirates has been defined by its energy resources, which have fueled the countryâ€™s robust growth.
Over the last decade, the UAEâ€™s real GDP has grown nearly 40%, from 217 billion dollars in 2004 to just under 300 billion dollars in 2013.
The hydrocarbons sector remains vital and still accounts for over 30% of the countryâ€™s GDP. However, the leaders of the UAE have embarked on long-term plans to help the nation broaden, expand, and diversify its economic offerings.
Abu Dhabi Economic Vision 2030
In Abu Dhabi, the manifestation of these efforts is the Abu Dhabi Economic Vision 2030, a comprehensive master-plan that charts the course for economic diversification and an increased contribution from non-oil sectors.
Significant efforts have also been made to enhance the business climate throughout the country and the UAE is now internationally competitive on a variety of global reports and indices.
Trade as a percentage of GDP has grown more than 65% over 10 years, exceeding 169% of GDP in 2012.
As the changing nature of global trade, from West to East, becomes more and more apparent, the Middle East will be positioned as one of the top global trade lanes over the next two decades.
At the convergence point of economic diversification, increased trade, and an improved business climate lays the development of business centers supporting a variety of sectors detailed in Abu Dhabiâ€™s 2030 Vision, including manufacturing, food processing, and logistics.
Khalifa Port & Kizad
One such center that is quickly taking shape is Khalifa Port. Located midway between Dubai and Abu Dhabi, Khalifa Port, and its adjacent trade and logistics zone, Kizad, are one of the cornerstones of Abu Dhabi 2030.
Abu Dhabi Ports' flagship port is Khalifa Port, the first semi-automated container terminal in the region, delivering a unique value proposition and direct access to global markets.
Being the first automated terminal in the region allows us to deliver service levels that are not seen here before, in terms of productivity, in terms of the speed in which we service ships, but also the speed in which we handle and turn around trucks.
And we can see now the way this works with the first industries being started up; that product that is being produced in the Khalifa Industrial Zone is trucked out here, within 15 minutes it's here, we containerize it and we ship it out around the world.
Kizad and Khalifa Port are fully interlinked, creating economies of proximity and ensuring that business is both convenient and cost effective.
Khalifa Port and Kizad are fully integrated, linked, and provide excellent supply chain connections and efficiencies for the emirate's import and export businesses.
Trade & Logistics Hub
The backbone of the pairâ€™s positioning as a global hub for trade and logistics is an innovative multi-modal infrastructure combining the port, a sophisticated road network, close proximity to three international airports and full integration with Etihad Rail.
In addition, and with well over 100,000 square metres, the Kizad Logistics Park is expected to become a major regional logistics and warehousing centre.
We currently serve already more than 52 international destinations, directly here from the Khalifa Port container terminal, so all this of course is to the benefit of the Khalifa Industrial Zone and its customers.
Investment & Economic Diversification
Kizadâ€™s approach to business has attracted a wide variety of companies to the region, with total investments reaching over 13 billion dollars. Significant players include, Emirates Aluminium, BRF Brasil Foods, and National Food Products Company.
Kizad is a marvelous project. It's a huge project where people who want or who need 10,000 mÂ² to 1 million mÂ², it's available. Not only available, it's available with all the facilities needed.
If you just look at the facilities, to get all the water you need, all the electricity you need in one location, this is unique. You can't find it anywhere in the world with these facilities.
Abu Dhabi has demonstrated the vision and government support needed to deliver an ambitious economic diversification agenda. This plan recognizes that industry is inherently a long-term play. Kizad and Khalifa Port are considered key cornerstones of this Vision.
With a state of art infrastructure, excellent market access, and a comprehensive, inter-modal logistics network. Khalifa Port and Kizad offer ideal conditions for investors.