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August 1, 2017

Abu Dhabi Ports to receive $299m investment from China

UAE-based Abu Dhabi Ports has entered an investment cooperation agreement with China's Jiangsu Provincial Overseas Cooperation and Investment Company (JOCIC) to bring an investment worth AED1.1bn ($299m) into the Khalifa Port Free Trade Zone (KPFTZ).

UAE-based Abu Dhabi Ports has entered an investment cooperation agreement with China's Jiangsu Provincial Overseas Cooperation and Investment Company (JOCIC) to bring an investment worth AED1.1bn ($299m) into the Khalifa Port Free Trade Zone (KPFTZ).

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The new 50-year musataha agreement will see a new UAE-based company established by JOCIC known as China-UAE Industrial Capacity Cooperation (Jiangsu) Construction Management occupy and develop around 23.7ft² of KPFTZ space for companies from the Chinese province of Jiangsu.

The proposed investment will require roughly 2.2% of the available free zone space in Khalifa Industrial Zone Abu Dhabi’s (Kizad) newly allotted KPFTZ area.

Chinese companies Hanergy Thin Film Power Group, Jiangsu Fantai Mining Development (Group), Xuzhou Jianghe Wood, Jiangsu Jinzi Environmental Technology and Guangzheng Group are expected to make the initial investment in the lease space as part of the new deal.

The planned investment is also anticipated to create more than 1,400 jobs, as well as boost the financial and physical scope of the area.

"We will work together with Abu Dhabi to build the UAE-China Industrial Capacity Cooperation Demonstration Zone into a landmark programme of the ‘Belt and Road’ initiative."

Jiangsu Provincial People Government executive vice governor Huang Lixin said: “Jiangsu and Abu Dhabi are highly complementary to each other in terms of natural endowment, economic structure and industrial systems, bearing the common wishes to speed up industrial structural adjustment and promote economic transformation and upgrades.

“It is good timing for us to jointly deepen industrial capacity cooperation and promote the ‘Belt and Road’ initiative, and we will have a broad prospect in this undertaking.

“We will work together with Abu Dhabi to build the UAE-China Industrial Capacity Cooperation Demonstration Zone into a landmark programme of the ‘Belt and Road’ initiative and a beacon of UAE-China exchanges and cooperation.”

The musataha agreement features an option for Jiangsu to develop an additional 107,639,100ft² of free zone at KIZAD Area B in order to meet any additional demand by the Jiangsu province businesses.


Image: Deal signing between Abu Dhabi Ports and Jiangsu Provincial Overseas Cooperation and Investment Company representatives. Photo: courtesy of Abu Dhabi Ports.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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