ZonesCorp and Sembcorp Sign MOU for Utility Company in Abu Dhabi
March 12, 2008
The Higher Corporation For Specialised Zones (ZonesCorp) of Abu Dhabi and Sembcorp Industries (Sembcorp) of Singapore today signed a Memorandum of Understanding to jointly establish a world-class utility services company. The signing took place on the sidelines of a meeting of the Abu Dhabi -Singapore Business Forum, held at the Emirates Palace in Abu Dhabi.
The agreement was signed by ZonesCorp CEO Engineer Jaber Hareb Al Khaili and Sembcorp’s Executive Vice President for Group Business & Strategic Development, Mr. Tan Cheng Guan.
The new Company is expected to provide highly efficient utility services to ZonesCorp's specialised economic zones and will significantly add to the attractiveness of the Emirate of Abu Dhabi as a location for establishing manufacturing and related industrial enterprises.
ZonesCorp and Sembcorp share a vision of providing efficient, centralised utility services, facilities management and one-stop customer relationship management to all of ZonesCorp's industrial and commercial tenants, including those in the Industrial City of Abu Dhabi (ICAD), the Al Ain Industrial City and the numerous Worker Residential Cities currently under development.
The planned utility service company will work closely with relevant Government authorities and other agencies to deliver the integrated supply of district cooling chilled water, electricity, wastewater treatment & recycling, high grade industrial water, natural gas, industrial gases and solid waste management.
A state-of-the-art customer management and billing system for the supply of all utilities services will be implemented as a key part of the new company’s operations, thus providing an additional one-stop service to ease the administrative burden on all of ZonesCorp's tenants.
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For media enquiries, please contact:
Mr. Huneidi Al Huneidi
Media Advisor
ZonesCorp
Office: 02-5073338
Mobile: 050-6429513
Fax: 02-5500422
Email: [email protected]
Ms. Goh Wan Cheng
PR Counsel
Sembcorp Industries
Office: +65 67233153
Fax: +65 68223240
Email: [email protected]
ABOUT SEMBCORP INDUSTRIES
Sembcorp Industries Ltd is a leading utilities and marine group. The Group provides centralised utilities, energy and water to industrial and other customers in Singapore, the United Kingdom, Asia and the Middle East. It is a global leader in marine and offshore engineering and also a provider of industrial park and environmental management services in the region.
Sembcorp Industries has total assets of over $8.7 billion and employs more than 6,700 employees.
Listed on the main board of the Singapore Exchange, Sembcorp Industries is a component stock of the Straits Times Index and several MSCI indices.
ABOUT ZONESCORP
The Higher Corporation For Specialised Zones (ZonesCorp) is an independent government authority established in 2004 for the promotion of investment in the economic sector of the Abu Dhabi Emirate. HH Sheikh Hamed bin Zayed al Nahyan is the Chairman of ZonesCorp.
As per the directions of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE and the Ruler of Abu Dhabi; and the support of His Highness Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi; Law 3 of 2004 was enacted establishing the Higher Corporation for Specialized Economic Zones – ZonesCorp – empowering it to develop the infrastructure & enabling business environment to ensure the diversification of the Abu Dhabi economy through targeted industrialization.
ZonesCorp is the Government backed agency responsible for the establishment, management and operation of zones of special economic nature in Abu Dhabi.