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ZonesCorp attracts AED 350m investments in 2020

ZonesCorp attracts AED 350m investments in 2020
ZonesCorp is investing in areas of more than 260,000 m2

UAE – Mubasher: The amount of the investments attracted by ZonesCorp, the UAE's largest operator of economic zones, since the beginning of 2020 have exceeded AED 350 million, Emirates News Agency (WAM) reported.

Serving different sectors including oilfield services, plastic, and automotive, these investments are spread over an area of more than 260,000 square metres, according to a press release on Tuesday.

The acting director general of ZonesCorp, Mohamed Al Khadar Al Ahmed, said: "Our economic zones are home to over 880 industrial establishments operating in a variety of sectors. Since the beginning of the year, the value of investments in new projects across our zones has exceeded AED 350 million.”

“Since ZonesCorp’s inception, our economic zones have achieved consistent growth in both qualitative and quantitative terms, whether in the invested capital or the expansion of production lines and industrial equipment," Al Ahmed added.