ZonesCorp unveils plan for $440m 'auto hub' near Abu Dhabi
Rahayel City aims to become a focal point for all automotive manufacturers, distributors, service providers and dealers
Abu Dhabi's industrial development body has announced plans to build an integrated 'Auto Hub' which aims to become a focal point for all automotive manufacturers, distributors, service providers and dealers in the UAE capital.
The Higher Corporation for Specialised Economic Zones, known as ZonesCorp, unveiled the project on Tuesday at the Global Manufacturing and Industrialisation Summit (GMIS).
Rahayel City has been designed in collaboration with industry specialists and covers an area of 12.3 sq km, a statement said.
It added that the construction of the infrastructure started at the beginning of the year and phase 1 is expected to be completed by the end of 2017, representing an investment of about AED1.6 billion.
Rahayel City has been designed to accommodate the full range of auto-related businesses, with 1,800 plots in a range of sizes and supporting services such as showrooms, service centres and workshops, auction houses, warehousing, light industry, residential areas and public recreational facilities.
The Rahayel City site is located 12km from the western side of Abu Dhabi island along two major roads that link Abu Dhabi, Al Ain and Dubai and the Western Region and Saudi Arabia.
Saeed Eisa Al Khyeli, director general of ZonesCorp, said: “Rahayel is in line with the Abu Dhabi 2030 vision to build a sustainable and diversified, high value-added economy that is well integrated into the global economy and provides more accessible and higher-value opportunities for all its citizens and residents.
"The project is also in response to the wider economic growth in the UAE that has seen the automotive sector blossom in recent years."
Ahmed Ateeq Al Mazrouei, executive director of the Rahayel project added: "Rahayel will be a significant contributor to the national economy not only as a regional investment destination but through the creation of skilled jobs for workers in all fields relating to the automotive industry."
0 comments