Subscribe Free
in Airports

Abu Dhabi Airports Free Zone to promote Abu Dhabi as a financial centre

Posted 21 January 2019 · Add Comment

Abu Dhabi Airports Free Zone (ADAFZ) has signed a Memorandum of Understanding (MoU) with the Registration Authority of Abu Dhabi Global Market (ADGM Registration Authority) to promote the position of the Emirate of Abu Dhabi as a financial centre.

 

The MoU was signed by Rowan Michael Kelly, Senior Vice President of ADAFZ and Dhaher bin Dhaher Al Mheiri, CEO of ADGM Registration Authority.

The MoU seeks to establish joint initiatives in regards to providing warehouse commercial licensing, incentives and knowledge sharing. The agreement addresses several important areas of cooperation aimed at increasing benefits for customers where ADAFZ will be facilitating the provision of warehouse facilities for ADGM entities and both parties will promote legal structures available at each of their respective free zones to investors. The MoU also calls for the creation of a joint committee to oversee the collaboration between ADAFZ and the ADGM Registration Authority.

Bryan Thompson, CEO of Abu Dhabi Airports commented: “The signing of this MoU is a milestone in the ongoing development of Abu Dhabi’s economic landscape, recognizing the shared objectives and mutual interests between both entities. By working together, we will focus on meeting our customers’ needs through an expanded product offering & simplified commercial processes including company licensing, registration and employee visa processing.”

Rowan Michael Kelly, senior vice president of ADAFZ, added: “Customers will be offered a variety of facility leasing options such as warehousing units, commercial offices and land plots, where facility management services are offered. Through this joint effort, we will support the growth of Abu Dhabi as a key economic hub and enhance the position of the UAE on a global scale.”

Dhaher Bin Dhaher Al Mheiri, CEO of ADGM Registration Authority remarked, “The MoU is a strategic collaboration between ADGM and ADAFZ that complements Abu Dhabi’s extensive and growing commercial facilities and services portfolio.  It will offer seamless and integrated solutions for investors with a focus on streamlining business setup.  The agreement intends to boost the UAE's vision to transform the country's economy, by diversifying the range and depth of economic activity, and driving in more growth from emerging sectors.”

* required field

Post a comment

Other Stories
Advertisement
Latest News

Joramco signs long-term agreement with Boeing

Boeing through its subsidiary, Boeing Distribution Services (formerly KLX Aerospace Solutions) secured a long-term contract with Joramco last week at MRO Middle East 2019 to provide the aircraft maintenance, repair and overhaul

Turkish Airlines announces first traffic results for 2019

Turkish Airlines recorded 79.5% Load Factor in January. On top of the strong base effect of the last yearí same period, growth in revenue per kilometer has come into prominence as an important indicator of the positive demand environment

Turkish Airlines to increase services to Kinshasa

Turkish Airlines will increase its services to Kinshasa from five flights a week to seven as of March 31, 2019.

Emirates to launch new service to Porto

Emirates has announced it will launch a four times weekly service between Portugalís second largest city, Porto, and Dubai, from 2 July 2019.

Collins Aerospace redefines research partnerships at IDEX

Collins Aerospace has been highlighting its commitment to training local talent and redefining aerospace research at IDEX 2019 - taking place 17th to 21st February at the Abu Dhabi National Exhibition Centre (ADNEC) - including its

Emirates to link Phnom Penh and Bangkok with new daily service

The service from Dubai to Phnom Penh, via Bangkok, will provide passengers travelling between the capital cities of Cambodia and Thailand with more flight options.

Connect MEIA SK1402010519
See us at
Connect MEIA BT1402010519Aviation Africa BT0607280219ACCA19_BT2141218280219SaudiAirshowBT0711140319IQPC 3CACBT290150319