Zones Corp is a 100% government owned industrial development corporation of the UAE focusing specifically on creating industrial zones (special economic zones) for sector-specific use in the Abu Dhabi Industrial City and Al Ain Industrial City. The Company has approximately 300 employees and the total investment value of 19 billion USD; the industrial zones market in the UAE is expected to continue growing. We have also presented this information on this attached google slide (10).
ZONESCORP PROFILE
COMPANY'S KEY ACTIVITIES, REVENUE, AND GOVERNMENT OWNERSHIP:
ZonesCorp is a developer of special economic zones in strategically advantageous locations for specific industries, integrating sector-specific infrastructure, financial mechanisms, and administrative practices for optimizing the operation of businesses within the United Arab Emirates.
As part of its special economic zone development, ZonesCorp also constructs and operates residential citiesfor the industrial sector specific for worker populations.
ZonesCorp currently develops special economic zones (industrial zones) in the following cities: Abu Dhabi Industrial City, and Al Ain Industrial City.
ZonesCorp is a 100% government-owned company.
ZONESCORP PROFILE
COMPANY'S KEY ACTIVITIES, REVENUE, AND GOVERNMENT OWNERSHIP: As part of its special economic zone development, ZonesCorp also constructs and operates residential cities
COMPANY'S PARTNERSHIPS:
ZonesCorp is partnered with the following government agencies: Department of Economic Development (Abu Dhabi); Industrial Development Bureau (Abu Dhabi); Department of Municipal Affairs (UAE); Environment Agency Abu Dhabi (EAD); Ministry of Labour ; Abu Dhabi Civil Defense; Abu Dhabi Sewerage Service Company; Abu Dhabi Distribution Company; GASCO; Customs Administration - Abu Dhabi; and the Khalifa Fund.
COMPANY PROFILE:
Zawaya estimates that ZonesCorp has approximately 300 employees.
ZonesCorp has developed 650 industrial facilities and 28 integrated residential cities, with an investment portfolio valued at 19 billion USD.
MARKET:
Some ZonesCorp's regional competitors include Abu Dhabi Ports (UAE); Middle East Free Zone; Emaar, The Economic City; and TECOM Group (UAE).
GlobalData estimates that the economic zones' construction sector will continue to grow with the rest of the construction industry. The UAE's Industrial Development Strategy 2030 allocates resources to industrial zones such as the new polymers park to attracting 1.5 billion USD from foreign plastics manufacturers.
Some ZonesCorp's regional competitors include Abu Dhabi Ports (UAE); Middle East Free Zone; Emaar, The Economic City; and TECOM Group (UAE).
Knight Frank consultants note that, while the top industrial zone rents in the UAE are increasing, lower grade facilities are seeing flat or falling rents, reflective of the greater competition in the region as markets are freed up for industrial development, causing new pressures on the economic zones.