Abu Dhabi, UAE – Abu Dhabi Airports Free Zone (ADAFZ), a subsidiary of Abu Dhabi Airports, has recorded a two-fold increase in leased-out spaces and properties in 2022.
The strong performance was driven by growth in leased spaces and properties, where ADAFZ signed contracts for a total of 163,580 m2, across Abu Dhabi International, Al Ain International and Al Bateen Executive Airports.
Properties included commercial spaces, land development plots, and administrative facilities, resulting in an increase in annual leases by 256 percent.
“Since its establishment, Abu Dhabi Airports Free Zone has continuously evolved, living up to its potential as a vibrant business hub and a major logistics asset for the emirate of Abu Dhabi and the UAE,” Jamal Salem Al Dhaheri, Managing Director and CEO of Abu Dhabi Airports, said.
“Building on this momentum, ADAFZ will continue to play its role in supporting the economic diversification and reinforcing the emirate’s position as a hub for aviation, pharmaceutical, logistics, light industries, advanced technology sector, and general entrepreneurship,” he continued.
The number of newly registered free zone entities with ADAFZ increased by 45 percent. Additionally, the growth experienced by ADAFZ is highlighted in specific business areas, such as manufacturing, as new licences issued increased by 200 percent. Additionally, new licences for companies in the IT sector increased by 133 percent, and licenses for aviation businesses increased by 54 percent.