The Higher Corporation for Specialised Economic Zones (HCSEZ) has launched the Industrial City of Abu Dhabi 2 (ICAD 2) in line with the rapid transformation of the Abu Dhabi economy.

The ICAD2, the second of many similar planned developments, is a 10 sq km mixed industrial estate that will accommodate a building materials cluster as well as a dedicated oil and gas industrial services complex. Key investors in ICAD 2 include Dubai Investment Company, Ali & Sons, Emirates International Investment Company and Bukhater Group, a company spokesman said.
HCSEZ was established in June 2004 to promote economic investment in the Emirate of Abu Dhabi and serves as the key government entity in developing and diversifying the economy of Abu Dhabi through the creation and promotion of Specialised Economic Zones. ICAD 2 is the second of many specialised economic zones that HCSEZ will be promoting in the near future.
“We aim to develop new and strategically important sectors by having HCSEZ as the main gate to all aspects of economic development,” said Sheikh Hamed bin Zayed Al Nahyan, who is the chairman of both the Department of Planning and Economy in Abu Dhabi and the HCSEZ.
“This will be achieved by ensuring that HCSEZ provides integrated state-of-the-art infrastructure and services through specialised economic zones that offer investors a business-friendly environment. Our objective is to attract and promote industries that are knowledge, energy and capital intensive in order to transform Abu Dhabi into a manufacturing, services and logistics hub,” he said.
“The decision to launch ICAD 2 stems from the previous success of ICAD 1 which has been acknowledged for its swift issuance of government permits and licences, suitable land/areas for factories with fully developed infrastructure and a full set of dedicated business support services, to name a few,” the spokesman concludes.