News
Stay up to date with the latest market news
News
Stay up to date with the latest market news
Project aims to be region’s largest fully integrated automotive hub
Estimated to be complete by Q1 2020
Businesses eligible for 50-year long-tern leases
A new automotive hub, Rahayel City, will be built in Abu Dhabi by Q1 2020 according to a report in Gulf News. Zones Corp, a government owned-entity unveiled the plans for the upcoming project – estimated to cost AED 1 billion – at the recent Cityscape Abu Dhabi event. The development is part of Abu Dhabi’s plan to boost investment and diversify its economy over the coming years.
The development area for Rahayel City will cover 6 million sq m, 3 million of which will be developed in phase 1. The project aims to be the largest fully integrated automotive hub in the region with complete provisions for the automotive industry’s value chain, from staff accommodation to workshops, showrooms and a training institute for mechanics.
Work is underway to complete basic infrastructure in June 2019, enabling investors to set up businesses in the new development. The new hub will offer a long-term lease of 50 years for automotive companies, which can then be renewed for another 50 years.
Zones Corp currently oversees 50 sq km of developed areas in Abu Dhabi city and Al Ain and has plans to develop new areas in Al Dhafra. The company’s economic zones also includes 650 industrial facilities covering various economic and business sectors.
–
Cavendish Maxwell is the MENA region’s leading firm of property consultants and chartered surveyors. If you are looking for professional real estate consultation or advice on property related matters, please view our services.
Stay up to date
This website uses cookies to improve your experience
Accept allCookie preferencesxSarah-Jane Carter
BA (Hons) DipM
Head of Marketing
Sarah-Jane joined Cavendish Maxwell in January 2020 as Head of Marketing and is responsible for the development of the marketing strategy and execution across the Middle East region. An energetic and results driven marketer, Sarah-Jane possesses a wealth of multi-channel marketing experience, within both B2B and B2C environments which she has gained over a 25 year career. Prior to joining Cavendish Maxwell, Sarah-Jane held senior marketing positions for major developers in Dubai including Emaar, Dubai Properties and Dubai Sports City. She also worked for IWG as the Regional Marketing Director responsible for the MEA and APAC regions. Before relocating to the UAE in 2005, Sarah-Jane held various management roles in public and private sector companies in the UK including ten years at Royal Mail and seven years at the Bank of America.
Sarah-Jane is a member of the Chartered Institute of Marketing and has a BA(Hons) Degree in Business and Marketing