Abu Dhabi Ports and IDB sign MoU to support industrial investments

17 June 2015 (Last Updated June 17th, 2015 18:30)

Abu Dhabi Ports (ADP) and the Industrial Development Bureau of the Department of Economic Development (IDB) have signed a memorandum of understanding (MoU) to establish a joint programme to boost industrial investments.

ADP-IDB

Abu Dhabi Ports (ADP) and the Industrial Development Bureau of the Department of Economic Development (IDB) have signed a memorandum of understanding (MoU) to establish a joint programme to boost industrial investments.

The new agreement will develop a framework for mutual cooperation and collaboration to enhance the relation between the two organisations, resulting in the industrial growth of Abu Dhabi.

Industrial Development Bureau director general engineer Ayman Al-Makkawy said: "This agreement, and the resulting advancement in expanding current service-offerings, falls within the framework of IDB’s objectives of developing and implementing policies, plans and programmes, as well as providing organisational, legal and environmental guidance for the development and construction of industrial projects in the emirate."

"This agreement…falls within the framework of IDB’s objectives of developing and implementing policies, plans and programmes."

Al-Makkawy also added that the IDB manages and facilitates all industrial licences, supervision and controls relating to industrial projects in the region and it will help IDB get acquainted with the needs of investors.

This partnership will see regular meetings between ADP and the IDB to keep abreast of industry news and identify possible investment potentials.

Moreover, it will establish specialised teams, including Investor Relations, Utilities Management and Facilitation, Industrial Sector Development, as well as Marketing and Promotions to support the initiative.

Meanwhile, ADP has signed an MoU with the General Authority for the Security of Ports, Borders and Free Zones to set up a joint training programme to enhance border security and increase ports and ports systems protection across the Emirates.


Image: Officials of Abu Dhabi and IDB during the signing ceremony. Photo: courtesy of Abu Dhabi Ports.