Abu Dhabi’s ADDED seals co-operation deal with Masdar

Abu Dhabi’s ADDED seals co-operation deal with Masdar

The Abu Dhabi Department of Economic Development (ADDED) said it has signed a co-operation agreement with Abu Dhabi Future Energy Company (Masdar) on protecting consumers, trademarks, control and inspection of markets within the Masdar City Free Zone. The agreement will enhance cooperation between both sides to set up rules and foundations for commercial protection and expanding its scope. The agreement, which was signed by Rashid Abdul Karim Al Balooshi, Under-Secretary of the Department, and Mohamed Jameel Al Ramahi, the Chief Executive Officer of Masdar, comes as part of the interest of two parties in promoting the business ecosystem within the free zones in Abu Dhabi. As well as its dealings with local markets, protection of rights and ownership of trademarks and consolidation of inspection and supervision visits to the markets. Al Balooshi stressed the ADDED's interest in promoting the joint efforts with the free zones' authorities in Abu Dhabi to ensure the protection of foreign companies rights and concurrently enhancing consumers trust, which in turn provides a stimulating investment ecosystem across the emirate. He also commended the efforts of the free zone authorities in Abu Dhabi, as well as its keenness to constantly coordinate with all local authorities to ensure the provision of a package