ZonesCorp Infrastructure Fund

About ZonesCorp Infrastructure Fund

ZonesCorp Infrastructure Fund (ZIF) is an unlisted 10 year closed-end fund. ZIF was launched in April 2006 with a focus on infrastructure projects in industrial and commercial zones predominantly in the Emirate of Abu Dhabi.

Objective

ZonesCorp is a government agency owned by the Department of Planning and Economy established in 2004 to promote investment in Abu Dhabi’s economic sector. 

ZIF will invest 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 will help facilitate attracting local and foreign businesses to the region. This may include the building of industrial cities, water and sewerage utilities, ports and electricity transmission and distribution networks.

ZonesCorp has provided 75% of the equity with Abu Dhabi Commercial Bank and Macquarie Group (a joint venture established in 2005) has provided the remaining 25%.

Assets

ZIF currently has interests in four projects:

• ICAD II Limited LLC, the company granted the concession from ZonesCorp to design, build, finance and maintain 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 and maintain the infrastructure of the Al Ain Industrial City (AAIC). The concession term is 30 years following the completion of the construction period in February 2008.
• ICAD III, the company granted the concession from ZonesCorp to design, build, finance and maintain the infrastructure of the Industrial City of Abu Dhabi - Extension Phase II (ICAD III), is situated on a 12km² site adjoining the ICAD II.
• ICAD Industrial Effluent Treatment Plant (IWTS) has been granted a concession from ZonesCorp to design, build, finance, and operate, for an initial period of five years, an industrial effluent treatment plant to serve the ICAD projects.

Geoff Brown OAM
Chief Executive Officer
Telephone: (971 2) 696 2040