About ZonesCorp Infrastructure Fund
ZonesCorp Infrastructure Fund (ZIF) was launched in April 2006 to invest in infrastructure and related assets in industrial and commercial zones predominantly located in the United Arab Emirates.
Objective
ZonesCorp is an independent entity owned by the Abu Dhabi Government through the Department of Planning and Economy. ZonesCorp was established in 2004 to promote investments in the Emirate of Abu Dhabi.
ZIF invests in ZonesCorp-commissioned infrastructure projects in the UAE as part of an integrated approach to the delivery of industrial infrastructure in the Emirate of Abu Dhabi, and helps facilitate attracting local and foreign businesses to the region. This includes the development of world-class infrastructure for industrial zones, such as road and irrigation networks, wastewater utilities and electricity transmission and distribution networks.
Assets
ZIF currently has interests in four projects:
- ICAD II Limited LLC, the company granted the concession from ZonesCorp to design, build and finance the infrastructure of the Industrial City of Abu Dhabi – Extension Phase I (ICAD II). The concession term is 30 years following the completion of the construction period in October 2007.
- AAIC Project LLC, the company granted the concession from ZonesCorp to design, build, finance the infrastructure of the Al Ain Industrial City. The concession term is 30 years following the completion of the construction period in February 2008.
- ICAD III Limited LLC, the company granted the concession from ZonesCorp to design, build, finance the infrastructure of the Industrial City of Abu Dhabi - Extension Phase II, is situated on a 12km2 site adjoining the ICAD II. The concession term is 30 years following the 18 month construction period.
- ICAD Industrial Waste Treatment Services LLC, the company granted the concession from ZonesCorp to design, build, finance, and operate, for an initial period of five years, an industrial effluent treatment plant to service the ICAD projects. The design-build-finance component of the concession is a term of 30 years following the 18 month construction period.
Peter McCreanor
Chief Executive Officer
Telephone: (971 2) 696 2049
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