The Higher Corporation for Specialized Economic Zones (ZonesCorp)
The Higher Corporation for Specialized Economic Zones (ZonesCorp) is a government entity in the United Arab Emirates (UAE) responsible for the development and management of specialized economic zones. Established in 2004, ZonesCorp plays a crucial role in attracting investments, promoting economic diversification, and driving industrial development in the country.
ZonesCorp oversees the establishment and operation of specialized economic zones in Abu Dhabi, the capital of the UAE. These zones are strategically located and equipped with state-of-the-art infrastructure, offering a conducive environment for businesses in various industries, including manufacturing, logistics, industrial, and commercial sectors.
One of the key objectives of ZonesCorp is to attract both domestic and foreign investments. The corporation offers a range of incentives to companies operating within its economic zones. These incentives include competitive leasing rates, streamlined business setup processes, and access to a skilled workforce. Additionally, ZonesCorp provides support services to businesses, including assistance with permits, licenses, and regulatory compliance.
ZonesCorp’s specialized economic zones are designed to cater to specific industries, ensuring that businesses have access to the necessary resources and infrastructure. For instance, the Industrial City of Abu Dhabi (ICAD) focuses on heavy industries, manufacturing, and production. It provides comprehensive facilities such as warehouses, workshops, and industrial plots of land. ICAD also offers customized infrastructure solutions to meet the unique requirements of different industries.
ZonesCorp’s economic zones are equipped with world-class infrastructure, including modern utilities, transportation networks, and telecommunication services. The corporation ensures that businesses operating within its zones have access to reliable and efficient services to support their operations. This includes electricity, water, sewage, waste management, road networks, and high-speed internet connectivity.
ZonesCorp places a strong emphasis on sustainable development and environmental stewardship. The corporation integrates sustainable practices into its economic zones, promoting energy efficiency, waste reduction, and water conservation. It encourages businesses to adopt green technologies and practices to minimize their environmental impact. ZonesCorp’s commitment to sustainability aligns with the UAE’s national vision for a greener and more sustainable economy.
One of the notable features of ZonesCorp is its focus on developing a skilled workforce. The corporation collaborates with educational institutions and vocational training centers to provide specialized training programs for individuals seeking employment in industries operating within its economic zones. This ensures that businesses have access to a competent and qualified workforce to meet their operational needs.
ZonesCorp also plays an active role in fostering innovation and research within its economic zones. The corporation promotes collaboration between businesses, universities, research institutions, and industry experts. It facilitates the exchange of knowledge and supports research and development initiatives to drive innovation, technology transfer, and the adoption of advanced manufacturing processes.
In a Nutshell
The Higher Corporation for Specialized Economic Zones (ZonesCorp) plays a vital role in promoting economic diversification and industrial development in Abu Dhabi. Through its specialized economic zones, ZonesCorp attracts investments, provides tailored infrastructure solutions, offers business incentives, and supports the growth of various industries. The corporation’s focus on sustainability, skilled workforce development, and innovation further strengthens its position as a key driver of economic growth in the UAE.
