ADAFZ bucks the trend with upturn in tenants

Despite the concerns over the aviation and aerospace industries Abu Dhabi is witnessing growth in an area that acts as an indicator of the future health of the industry

Abu Dhabi's Airport Free Zone . Image: ADAFZ/Gulf News

Its Airports Free Zone (ADAFZ), which is a wholly owned subsidiary of Abu Dhabi Airports, recorded a 109% increase in the number of companies registering with the free zone authority in the first half of 2020, as compared to the same period in 2019.
In a statement the organisation said it also welcomed two major international companies, SMSA Express and Honeywell, to its portfolio. “The recent success is a reflection of ADAFZ’s central role in bolstering the economy of both the emirate and the nation during the COVID-19 outbreak,” the statement said.
Speaking on ADAFZ’s exceptional results for the first half of the year, Shareef Hashim Al Hashmi, CEO, Abu Dhabi Airports, said: “ADAFZ’s excellent performance in the first half of this year demonstrates its role as a powerhouse that enables economic activity across the emirate of Abu Dhabi. Through its work, ADAFZ helps to supplement the comprehensive stimulus packages implemented by Abu Dhabi’s leadership, and ensures that international companies can continue to have a robust and reliable partner in the emirate.
Adel Al Taheri, head of property management and leasing at ADAFZ said: “The success of ADAFZ in attracting new international customers is testament to the strategic investments which our organisation has made in our suite of services and wide range of facilities available at the three airports, providing organisations with a one-stop-shop to establishing a business in the emirate of Abu Dhabi.
“Our investments have proven particularly prudent during the current global pandemic, with our enhanced air cargo and freight transport capabilities supporting the successful operation of the health, food and beverage, and e-commerce sectors. We will continue to work with our partners to ensure they can benefit from our range of services as the world emerges from the impact of the pandemic.”