The UAE continues as the leader in MENA, offering businesses globally many invaluable incentives and benefits.
The UAE has 47 industrial parks, followed by Jordan with 16 zones, Saudi Arabia and Egypt with 10 each, Oman with five, Kuwait with four, and Bahrain three, according to a whitepaper released by Abu Dhabi Ports, reported The Khaleej Times.
Industry experts interviewed for the whitepaper said that the location of an industrial park is of prime consideration for most businesses. It not only determines access to markets but also factors in whether other enablers – human resources, raw materials, vendor ecosystem, and social infrastructure – are all readily available and within close geographic proximity.
According to the whitepaper, by 2030, it will be difficult to imagine that there is a trade, logistics, or manufacturing-related company anywhere in the world that does not have at least part of its global operation based in an industrial park.
Since the mid-1990s, the number of industrial parks around the world increased from 800 to over 6,000. Over 70 million jobs have been created globally as a result, and industrial parks have become central to the economic-development agendas of many countries.
The whitepaper titled ‘Key considerations in industrial park selection – bringing predictability to long-term capital-intensive investment’ was released by Abu Dhabi Ports
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