Essays on Different Trade and Industrial Zones in the UAE and Their Various Strategies for Growth Assignment

Tags: Logistics
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The paper "Different Trade and Industrial Zones in the UAE and Their Various Strategies for Growth" is an outstanding example of a macro & microeconomics assignment. In the wake of globalization and trade liberalization, many countries have embarked on export-led development as opposed to import-substitution. In this context, industrial zones, defined as a self-contained geographical area with high-quality infrastructure facilities, which house the business of industrial nature, remain vital instruments to local development (Falcke, 1999). The UAE is characterized by various industry zones in different emirates. Realizing how important and crucial the manufacturing sector’ s role in diversifying the economy, the government undertook various innovative policy initiatives that supported the growth of trade and industrial zones.

Among non-oil sectors, UAE Manufacturing is the 2nd powerful economic growth driver. One of these zones is the Industrial City of Abu Dhabi (ICAD I, ICAD II, ICAD III) and Al in Industrial City (I and II) which are managed by Higher Corporation for Specialized Economic Zones ( ZonesCorp) and commonly referred to as industrial zones of special economic nature (Ashai et al, 2007). ICAD 1 which is the first industrial zones within the Industrial City of Abu Dhabi covers an area of 14sq km is strategically located near to Musafah Sea Port and in close vicinity of Abu Dhabi International Airport.

It covers an area of 14 sq km. Its roads are built as per the most up-to-date global standards and criteria and have the main Administration Centre as well as other utilities like a lodge, artistic centre, trade centre, banks, shopping malls and health clinics as well as a suburban place/area for employees prepared with all the necessary services and public utilities.

It includes industrial zones for foundation metals, construction goods, electronics, plastics producing and automotive manufacturing and by now has attracted US$2.99 billion in investment (Nan, Yiqun and Yuan, 2009). One of the industrial zone’ s unique feature and strategy is that all government departments concerned with the issuing of industrial licenses are located in one place. This is quite strategic in that it can facilitate the work of investors; help them to save time and efforts, and to concentrate on establishing their business so as to start producing their products as soon as possible.

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