KUZAAD - 28 new factories have started production in the city this year with a total investment of nearly three billion dirhams, according to Kizad.
Kizad said in a press statement that there are 150 factories in the industrial city currently operating, while there are 500 companies registered in various stages of design, construction and construction.
Mariam Al Muhairi, Minister of State for Food Security, today inaugurated the first UAE-made cheese factory bearing the 'Made in the UAE' brand in Khalifa Industrial City (Kizad), with an investment of AED 100 million in its first phase.
In a press statement, Al-Muhairi stressed the importance of the industrial sector in the country, pointing out that enhancing food security in the country depends on supporting and strengthening the industrial sector and providing various raw materials needed for food production.
Kizad offers many incentives to investors and provides the right prices for industrial production requirements to attract more investments to the country, she said.
Al Muhairi added that food prices are competitive in the UAE, where there is intense competition among the various operating companies, pointing out that when investors come to invest in the UAE, they see prices as competitive, which supports their work.
She pointed out that the food security policy aims to be the UAE among the top 10 countries on the global food security index by 2021
Kizad Chief Executive Samir Chaturvedi said 28 new plants started production in the city this year with a total investment of nearly three billion dirhams.
Chaturvedi explained that there are 150 factories that have entered the production and processing stages in Kizad already. There are 500 companies registered in Kizad at different stages of design, construction and construction. He pointed out that 16,000 workers are currently working in Kizad.
Chaturvedi said Kizad's strategy over the next year is to attract investments in five key sectors, namely foodstuffs, as part of the implementation of the UAE's food security strategy, in addition to metals, mainly aluminum, iron, oil and gas, cars and plastics.
For his part, the founding general manager of the target «Food Industries», Arda Sync Tokbas, said that the selection of «Yashar Holding Group Food and Beverages» owner of «Pinar» investment in the UAE comes because of the incentives granted by «Kizad» and its strategic location, pointing out that The investments of the first phase of the plant exceed AED 100 million, while several other phases of the plant are still under study.