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Italian delegation invites ADAC to showcase airport commercial opportunities
- United Arab Emirates: Wednesday, February 18 - 2009 at 15:41
- PRESS RELEASE
In collaboration with the Italian Business Group, Finmeccanica, and the Italian Embassy, a delegation of 35 Italian business professionals met in Abu Dhabi yesterday to discuss commercial opportunities within the Emirate, which included a presentation by Abu Dhabi Airports Company (ADAC) officials on its developing Business and Logistics Park.
Dr. Caio Mussolini, Head of Finmeccanica in the UAE, who welcomed guests and delegates at the Millennium Hotel, Abu Dhabi, yesterday evening, said: "We are proud to host the Italian business delegation together with ADAC and other government organizations. We believe there is enormous potential for a mutually beneficial investment partnership between the Italian organizations and our counterparts in Abu Dhabi, which can lead to long-term sustainable, business relationships."
Leading the team that was invited to present the Business and Logistics Park opportunity to the group, Saeed Al Mulla, VP, Business Park Development at ADAC, said:
"The Business and Logistics Park has already started attracting many companies interested in aligning their commercial interests for the region out of Abu Dhabi. Similarly, we are here to encourage mutual investment opportunities and potential business ties with high-powered Italian enterprises."
"Located next to one of the fastest growing and dynamic airport developments ever conceived, aviation-related and other businesses that are looking for fast and easy access to both Eastern and Western markets will find Abu Dhabi offering a series of sound economic benefits and advantages," added Al Mulla.
Zeyad Al Majed, Senior Project Advisor at ADAC, also highlighted the steps planned for Al Ain to meet the specific needs of small to medium-sized, aerospace manufacturing enterprises. Along with multi-modal transport, the Al Ain Logistics Park will provide competitively priced residential and commercial developments with long-term inflation-protected leases. Coupled with the zero tax environment, this will offer the most competitive cost base in the UAE allowing for sustainable long-term business activity.
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Notes and media contacts
About Abu Dhabi Airports Company (ADAC):Abu Dhabi Airports Company (ADAC) is a public joint-stock company wholly owned by the Abu Dhabi Government. It was incorporated by Amiri Decree number 5, issued on 4th March 2006, to spearhead the development of the Emirate's aviation infrastructure.
In September 2006 ADAC took over responsibility for the operation and management of Abu Dhabi and Al Ain international Airports. In 2008, ADAC added Al Bateen private jet airport, formerly Al Bateen military airbase, and Sir Baniyas Island Airport to its portfolio. These airports all serve different segments of the marketplace and help contribute to Abu Dhabi's development as a destination for both business and leisure tourism.
Currently under way is the large scale Dhs25bn ($6.8bn) re-development and expansion of Abu Dhabi International Airport designed to increase the overall capacity of the airport to more than 20 million passengers per year. As part of this redevelopment, a second runway and a third terminal have been completed. A new ATC tower and the Midfield Terminal Complex will complete the redevelopment by 2012.
For more information, please contact:
Press Office
ADAC - Abu Dhabi Airports Company
P.O. Box 94449, Abu Dhabi, U.A.E
Tel: +971 2 505 3482
Fax: +971 2 575 8300
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