Abu Dhabi Airports takes off with Helios SinoGulf
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Abu Dhabi Airports Company (ADAC), in a joint venture with Helios SinoGulf, is to create a Free Zone business and logistics park at Al Ain International airport.
The scheme will comprise 6.9m sq ft of offices, distribution centres, light industrial units, freight-forwarding stations and supporting facilities in a business park to cater for the Air Cargo, aerospace and related industries. The first phase represents an investment of more than AED 900m (£147.9m).
Development will start straight away and the first phase is scheduled for completion by the end of 2010.
HE Khalifa Mohamed Al Mazrouei, ADAC chairman, said: ‘ADAC is firmly committed to the development of Al Ain International airport as a hub for low-cost carriers and dedicated air cargo freighters.
‘The park will also cater to the demand of the upcoming high-tech industry and aircraft maintenance and repair operations activities poised to take place in Al Ain.’
Trevor Cartner, chairman of Helios SinoGulf, said: ‘Al Ain sits at the centre of the distribution networks of the [United Arab Emirates] and Oman, and has road access into major centres and airport facilities for cargo operations.’
Helios Properties and SinoGulf Real Estate Investments formed their joint venture in November 2008 to develop distribution parks.