ADPC eyeing $40-50 billion worth projects from India by 2015

Abu Dhabi Ports Company (ADPC), which is developing the 417-square kilometre Khalifa industrial zone (Kizad) between Abu Dhabi and Dubai, is eyeing an $45-50-billion worth of investments from Indian companies by 2015, a senior company official said today.

ADPC targets a 12-15% of the total investments from Indian companies in Kizad. It is also expecting around $45-50-billion investments from Indian companies by 2015, the official said.

"India and the UAE have a long history of trade and business relations that facilitates our presence. We believe that Kizad offers Indian businesses a great opportunity to expand their presence with facilities and advantages that justify doing business in Abu Dhabi," APDC executive vice-president of industrial zones, Khaled Salmeen, told reporters here.

The company, which has completed the first phase of the project of 51 square kilometre with an investment of around AED 26.5-billion or $7.2-billion, has signed MoUs with 23 companies from different countries for setting up their operations in Abu Dhabi.

ADPC has launched an international marketing campaign wherein it plans to visit six countries including the US, Germany, the UK, South Korea, China and India to showcase the capabilities of Kizad.