Construction work on the project begins in the second quarter of 2021
An agreement to develop the “Block 7 Innovation Park” in Abu Dhabi Industrial City
During the signing of the Musataha agreement.
From the source
Zonescorp, a company specialized in economic zones, affiliated with Abu Dhabi Ports, has entered into a musataha agreement with the Block 7 Investment Company, a joint venture between the Abu Dhabi-based Emirati “Evair Capital” Holding Company Ltd. and the Malaysian “Serpa Dynamic” Holding Company Ltd. It provides for the development of the “Block 7 Innovation Park” in Abu Dhabi Industrial City (ICAD), as construction work for the project is scheduled to begin in the second quarter of 2021.
The Block 7 Innovation Park project caters to the needs of diverse sectors, such as healthcare, computer science, robotics, mobility, renewable energy, and advanced and sustainable materials.
The complex - extending over an area of 820,000 square meters - also includes a number of establishments operating in the pharmaceutical and biotechnology industries, advanced technology industries, information technology, smart office complexes, conference and exhibition centers, and commercial and entertainment facilities.
The head of the Industrial Estates and Free Zone Sector - Abu Dhabi Ports, Abdullah Al Hamli, said that establishing the smart lifestyle that the Block 7 Innovation Complex aspires to achieve will support the capabilities of the Emirate of Abu Dhabi in the industrial sector and open broad horizons for future generations that encourage them to work in the field of innovation. Which is one of the most vital areas in the world.
He added, "The announcement of the development of (Block 7 Innovation Complex) in Abu Dhabi Industrial City constitutes a major achievement within the framework of efforts to establish the emirate of Abu Dhabi as a leading global center in the field of innovation.
For his part, the CEO of "Zonescorp", Muhammad Al-Khader Al-Ahmad, said that the cooperation with "Block 7 Investment" is in line with the strategy of "Zonescorp" to adopt innovation and provide a supportive environment for companies operating in their regions, noting that the project provides an example to follow in employing learning. And advanced technology, research and development to support the industry, to meet future needs.
In the same context, Dr. IR Muhammad Abdul Karim bin Abdullah, from Serpa Dynamic International and the Block 7 Investment Company, said: “We are fully confident that this project will constitute a catalyst for sustainable development in Abu Dhabi and will meet the demand from the Middle East and European regions. And Central Asia, the United States, China, and African countries. It will also fulfill the aspirations of the Emirate of Abu Dhabi to promote economic growth, through advanced industries, patenting and innovation.
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