Abu Dhabi Airports Free Zone reports two-fold increase in leased-out spaces, properties

Abu Dhabi Airports Free Zone reports two-fold increase in leased-out spaces, properties

ABU DHABI, 25th April, 2023 (WAM) -- 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 achievements reaffirm the Free Zone status as a unique preferred business destination for local, regional and international organisations across several economic sectors.

This strong performance was dually 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%.

Jamal Salem Al Dhaheri, Managing Director and CEO of Abu Dhabi Airports, said, "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.

"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."

The number of newly registered free zone entities with ADAFZ increased by 45%.