Abu Dhabi Airports Free Zone Collaborates with Masdar City Free Zone to provide new growth opportunities for businesses

Abu Dhabi Airports Free Zone Collaborates with Masdar City Free Zone to provide new growth opportunities for businesses

ADAFZ will welcome companies referred by Masdar City Free Zone, offering benefits including zero cost free zone branch licenses and manufacturing space
Collaboration will boost strategic partnerships and synergies between free zones and will benefit customers operating in both zones with minimal cost whilst increasing commercial space occupancy levels

Abu Dhabi, UAE – 03 October 2023: Abu Dhabi Airports Free Zone (ADAFZ), a subsidiary of Abu Dhabi Airports, has announced a new partnership with Masdar City Free Zone, a thriving business community and sustainability hub, located in Masdar City. The new agreement will enhance space offerings and end-to-end logistics services for businesses in both free zones.

The collaboration will mean that Masdar City Free Zone companies that establish operations within the Abu Dhabi Airports Free Zone will have the opportunity to lease warehouse and manufacturing space. As a world-class logistics partner, ADAFZ will also provide free zone branch licences at zero cost with registration & licensing for all companies who will operate from ADAFZ logistics and industrial areas, in addition to premium services and other incentives. Businesses will be able to hold licenses in, and benefit from, both free zones.

The joint efforts of ADAFZ and Masdar City Free Zone will help improve synergies and strategic partnerships between Abu Dhabi Free Zones and grow the free zone ecosystem in the emirate.

The two parties finalised their collaboration with a Memorandum of Understanding (MoU), which was signed at ADIPEC in Abu Dhabi, the world’s largest energy event and exhibition.

Maureen Bannerman, Chief Commercial Officer, Abu Dhabi Airports, said: “We are thrilled to be working with Masdar City Free Zone moving forward. Real estate is an essential element of free zone operations, and we are excited about the opportunities to enhance services through our combined efforts. By working together, we can accomplish our shared vision of bolstering business integration within the free zone ecosystem, whilst ensuring more businesses benefit from the end-to-end logistics services we provide.”

Mahmoud Al Hosani, Executive Director, Finance & Support Services, Masdar City, said: “This is an important expansion of our existing ecosystem. It’s also an exciting opportunity for the 1000+ companies in our free zone that will now have the option of networking within another business community and utilizing free warehouse and manufacturing space—all just minutes away from their existing offices. VOLTS, a clean energy storage start-up we invested in and supported through The Catalyst, our venture arm, is one of the companies currently beginning manufacturing operations in the Abu Dhabi Airports Free Zone. We can’t wait to see them expand and thrive even more.”

ADAFZ has a diverse portfolio of warehouses and real estate offerings in different locations within three Airports, including Abu Dhabi International (AUH), Al Ain International (AAN) and Al Bateen Executive (AZI). The largest of these are located within the Abu Dhabi Logistics Park, which is situated near to Masdar Free Zone and will further boost collaboration.

ADAFZ is an inclusive, vibrant, and opportunistic destination for local and international businesses. As a dynamic business centre in the heart of Abu Dhabi, ADAFZ provides unique platforms for sustained development and success, positioning partners to thrive within the emirate’s investment landscape as per Abu Dhabi’s Economic Vision 2030.

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About Abu Dhabi Airports Free Zone

Abu Dhabi Airports Free Zone (ADAFZ) is a 100% foreign ownership, tax-free business environment with a 0% import/re-export tax duty haven. The zone was established in 2012 as part of the emirate’s economic diversification strategy and is home to businesses from a wide range of sectors such as aviation, logistics, e-commerce, and ICT with many new sectors coming online. ADAFZ, unlike any other free zone in the emirate, lists its proximity to international airports as one of the major advantages afforded to its clients, serving as a strategic hub and gateway to the Middle East.

Operating at Abu Dhabi International Airport, Al Ain International Airport and Al Bateen Executive Airport, ADAFZ manages a property portfolio of over 88 km2 and acts as a One-Stop-Shop providing a variety of world-class products and facilities, including fully serviced business centres, plots of land for development, aircraft hangers and more, all of which offer an outstanding return on investment to our tenants.

About Masdar City

Masdar City is a ground-breaking sustainable urban community, a world-class business and technology hub, and a “green-print” for cities that want to be part of the solution to climate change. With one of the largest clusters of LEED Platinum buildings in the world, we are dedicated to creating a new kind of city, a new way of working and living, and a more sustainable future for everyone.

The Masdar City Free Zone is a diverse, innovative, and ambitious group of over 1,000 organizations that benefit from comprehensive business support as well as the city’s rich ecosystem. Tenants include the International Renewable Energy Agency (IRENA), the UAE Space Agency, Siemens Energy, G42 Healthcare, the Advanced Technology Research Council, several Fortune 500 companies, and the Mohamed bin Zayed University of Artificial Intelligence. The Masdar City Free Zone also includes The Catalyst, a clean-tech startup accelerator program powered by both Masdar City and BP.

Masdar City hosts a growing residential community and two generations of autonomous vehicles. It also manages the Masdar Green REIT, a real estate investment trust dedicated to investing in sustainable real estate assets. Currently the Masdar Green REIT is worth nearly AED 2.8 billion.

You can follow ADAFZ on:

Instagram: https://www.instagram.com/abudhabiairportsfreezone

LinkedIn: https://www.linkedin.com/showcase/abu-dhabi-airport-free-zone/

Facebook: http://www.facebook.com/AbuDhabiAirportsFreezone

Twitter: https://twitter.com/ADAFZOfficial

Youtube: https://www.youtube.com/channel/UCtvCnSRkVITL4sLJzbpTfiw

Website: www.adafz.ae

Press Office: CorporateCommunications@adairports.ae

You can follow Masdar City on:

Instagram: http://www.instagram.com/masdarcityabudhabi

LinkedIn: www.linkedin.com/company/masdarcity

Facebook: www.facebook.com/MasdarCityAD