ADAFZ sees 109% hike in new companies

UAE - Mubasher: The number of companies registering in Abu Dhabi Airports Free Zone (ADAFZ), a wholly-owned subsidiary of Abu Dhabi Airports, hiked by 109% in the first half (H1) of 2020, when compared to the same period of 2019.

During the first six months of 2020, ADAFZ has added two major international companies, comprising Saudi Arabia's SMSA Express and Honeywell, to its portfolio, according to a press release on Sunday.

Honeywell has set up a personal protective equipment manufacturing facility in ADAFZ’s Al Ain International Airport free zone to support the UAE healthcare sector.

Meanwhile, SMSA Express has established a 1,000 square metre warehouse to be used as its first hub in Abu Dhabi.

The CEO of Abu Dhabi Airports, Shareef Hashim Al Hashmi, said: "Through furthering the number of companies which work inside ADAFZ, we are able to burgeon Abu Dhabi’s economic future and contribute to the wider growth of the emirate."

Mubasher Contribution Time: 16-Aug-2020 13:34 (GMT)
Mubasher Last Update Time: 16-Aug-2020 14:19 (GMT)