Abu Dhabi Ports and Manufacturers’ Association of Israel to Cooperate on Trade Enhancement, Tech Development, R&D

December 09, 2020 back

Landmark agreement opens doors for reciprocal expansion of trade, investment, and technological development between both nations

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Abu Dhabi, UAE – December 9, 2020: Abu Dhabi Ports and the Manufacturers Association of Israel (MAI) today signed an agreement to enhance trade, investment and technology cooperation between the United Arab Emirates and Israel, in the presence of His Excellency Falah Mohamed Al Ahbabi, Member of the Abu Dhabi Executive Council and Chairman of Abu Dhabi Ports.

The Memorandum of Understanding (MoU) opens a dialogue between Abu Dhabi Ports’ subsidiaries KIZAD and ZonesCorp , which are under its Industrial Cities and Free Zone portfolio, and MAI to contribute to the reciprocal expansion of trade, investment, and technological development, as well as improve research and development (R&D), innovation and cooperation in technology.

Abu Dhabi Ports, part of ADQ – one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, will also hold a webinar later this month for members of the MAI, to apprise them of the opportunities available in the emirate and specifically within the Industrial Cities and Free Zone.

The Manufacturers Association of Israel is the representative body of the country’s industrial sectors including private, public, kibbutz and government industries. With a membership of over 2,000 organisations and industrial plants, MAI members are responsible for more than 95% of the industrial production across Israel.

The MoU was signed by Captain Mohamed Juma Al Shamisi, Group CEO, Abu Dhabi Ports and Dr. Ron Tomer, President of the Manufacturers Association of Israel at Khalifa Industrial Zones Abu Dhabi (KIZAD) to agree on the cooperation and trade enhancement.
This is the first agreement signed by Abu Dhabi Ports with an Israeli trade organisation since the ratification of the peace agreement between the UAE and Israel, in Washington DC in September, and provides a clear, effective, and efficient framework for industrial cooperation, knowledge transfer and trade facilitation.

His Excellency Falah Mohamed Al Ahbabi, Member of the Abu Dhabi Executive Council and Chairman of Abu Dhabi Ports, said: “The UAE leadership’s vision for the region and the subsequent signing of the peace agreement sets a great precedent for industrial cooperation and offers a wide range of opportunities to businesses to enhance their networks of trade and manufacturing. Abu Dhabi Ports is well-positioned to offer Israeli industrial manufacturers the best solutions for their businesses within KIZAD and ZonesCorp. We look forward to engaging with our friends from Israel and welcoming them to experience our leading-edge services and facilities.”


Dr. Ron Tomer, President of the Manufacturers Association of Israel, said: "This initial agreement is the start of the new and warm trade relations that are emerging between Israel and the United Arab Emirates following the signing of the peace agreement. We plan to continue in this important path and promote cooperation between Israeli industry and high-tech to the business sector in the United Arab Emirates, and create new areas of trade that will open the economy, employment and society between the two nations, and beyond. "
Captain Mohamed Juma Al Shamisi, Group CEO, Abu Dhabi Ports, said: “KIZAD and ZonesCorp offer the Israeli industry a unique opportunity to scale their businesses exponentially in a cost-effective, timely, clearly defined and efficient manner. Through Abu Dhabi Ports, KIZAD and ZonesCorp act as a catalyst for business by opening the door to more than 100 markets through the UAE’s Free Trade and bilateral agreements for Israeli manufacturers. We are committed to providing the means necessary for businesses to reach markets faster, more efficiently, and at low cost.”

Besides opening an ongoing dialogue to explore ways and means for the reciprocal expansion of trade, investment and technology development, the agreement paves the way for exchange of trade missions.
The industrial zone is part of Abu Dhabi Ports’ Industrial Cities and Free Zone portfolio, which has over 554 sqkm of industrial land, as well as 1,400 local, regional and international investors operating across the food, logistics, automotive, polymers, metals, oil and gas, life sciences, and advanced technology industries.

With a total area of 410 sqkm and 100 sqkm designated as free zone, KIZAD is the largest industrial hub for integrated trade and logistics in the region, offering investors a highly efficient base for their trading, manufacturing units, export operations, and related activities. KIZAD’s proximity to two major seaports, four international airports with a two-hour driving distance, multilane congestion-free highways and the upcoming rail terminal within the zone make it an ideal destination for businesses looking for a manufacturing base in the region.

ZonesCorp is the largest operator of purpose-built economic zones in the UAE, providing investors with a world-class, tax-free, platform that encourages growth. ZonesCorp’s economic zones are organised into vertically integrated clusters in complementary industries that bring upstream and downstream companies together, enhancing efficiencies, creating value chain benefits and providing a platform that encourages the incubation of industrial innovation.

Photo Caption: His Excellency Falah Mohamed Al Ahbabi, Member of the Abu Dhabi Executive Council and Chairman of Abu Dhabi Ports, Dr. Ron Tomer, President of the Manufacturers Association of Israel (MAI) and Captain Mohamed Juma Al Shamisi, Group CEO, Abu Dhabi Ports, at the signing of an agreement to enhance trade, investment and technology cooperation.


Media Contact
Yasir Saeed Zubairi
yasir.zubairi@adports.ae

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About Abu Dhabi Ports

Established in 2006, Abu Dhabi Ports is a global trade enabler strategically based in the capital of the United Arab Emirates. is part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy.

Abu Dhabi Ports is the region’s premier facilitator of logistics, transport, and trade, bridging Abu Dhabi with the world. Abu Dhabi Ports owns and manages 11 ports and terminals in the UAE and Guinea.

Abu Dhabi Ports’ largest subsidiary is Khalifa Industrial Zone Abu Dhabi (KIZAD), the integrated trade, logistics, and industrial hub, with the flagship, deep water Khalifa Port as its maritime gateway.

Additional subsidiaries of Abu Dhabi Ports include: Abu Dhabi Marine Services (SAFEEN), Maqta Gateway, Abu Dhabi Maritime Academy, Abu Dhabi Terminals (ADT), Abu Dhabi Cruise Terminal, Fujairah Terminals and ZonesCorp.

About KIZAD
Established in 2010 and operational since 2012, Khalifa Industrial Zone Abu Dhabi (KIZAD) is a subsidiary of Abu Dhabi Ports, under its Industrial Cities and Free Zones portfolio. Strategically located between Abu Dhabi and Dubai - with the deep-water Khalifa Port as its maritime gateway - KIZAD is Abu Dhabi’s integrated trade, logistics and industrial hub facilitating sustainable growth in metals, polymers, food, automotive, water and oil and gas. KIZAD is one of the world’s largest industrial zones, spanning across 410 square kilometres.
For more information, please visit: kizad.ae

About ZonesCorp

ZonesCorp, an Abu Dhabi Ports’ company, is responsible for planning, developing, and managing specialised fully integrated economic zones for investors within the emirate of Abu Dhabi.
Through its nine integrated economic zones that cover a total area of 144 square kilometers in the cities of Abu Dhabi and Al Ain, ZonesCorp is shaping the future growth of Abu Dhabi’s industrial landscape, in addition to managing 38 workers’ residential cities and facilities.

For more information, please visit: zonescorp.com