New Logistics Park to open for tenants this year

Abu Dhabi International Airport's new Logistics Park will this year open its doors to tenants, according to Abu Dhabi Airports Company (Adac).

Construction of the first phase of development is currently underway, and the development of phase II is expected to make a start in 2011, with the full project due to be completed by 2015.

Once ready for operations, the park will offer tenants a wide range of facilities, from light industrial units in various designs and locations, to commercial offices and plots of land for customised development to meet investors' specific business requirements.

"The Logistics Park is being developed in phases to ensure there is enough space for improvement to cater for investors' growing requirements. Through its establishment, Adac aims to help stimulate economic growth and create opportunities for local companies and international organisations to access the UAE market and the extended Gulf," said Khalifa Al Mazrouei, Adac Chairman, during the Hanover Fair 2009, where the company is participating along with the Abu Dhabi Delegation.

Adac is marketing its state-of-the-art park to potential tenants highlighting its key advantages that include its prime location, adjacent to the airport and close to the upcoming Khalifa Port.

The park is also located in the new business district of Abu Dhabi where other landmark developments are being implemented, such as Capital District, the future centre for business and commerce and Masdar, the world's first carbon neutral city.

Al Mazrouei pointed out that the mix between the right location, world-class facilities, multi-modular transport for distribution of goods, and the one-stop-shop investor services concept have pushed demand to higher levels.

"Once we began development, we started attracting strong interest from a wide array of international and multinational organisations, especially within the aviation, maintenance, repair and overhaul (MRO), logistics, and cargo sectors of the industry. We have already received enquiries for more facilities than we had planned to deliver this year," said Al Mazrouei.

The Abu Dhabi Airport Logistics Park forms an integral part of the major expansion programme at Abu Dhabi International Airport, which saw the completion of a new second runway in October.

A new Terminal 3, dedicated to Etihad Airways, the national carrier of the UAE also became operational last month.

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