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In a further demonstration of its strategy to partner with the private sector, Abu Dhabi Airports Company (ADAC) today signed a lease agreement with R-Offices to provide grade A serviced offices to businesses at Al Bateen Executive Airport, the only airport in the Middle East dedicated to business aviation. This Public Private Partnership (PPP) project will enhance the range of office space on offer to the business aviation industry, including aircraft operators, in-flight catering and investment companies, as the airport experiences continued strong growth in aircraft traffic and its tenant base, in parallel to the witnessed growth of this dynamic sector.
The agreement was signed between Ian Lloyd, CEO R-Offices, and Mohammed Al Bulooki, CCO Abu Dhabi Airports Company, at the region’s first general aviation exhibition, Abu Dhabi Air Expo, taking place in Al Bateen Executive Airport from the 6th to 8th March.
R-Services Offices was launched in August 2009 and currently services over 165,000 sq ft of Serviced Office space at Reef Tower in the DMCC Free-Zone. Upon today’s agreement, R-Offices will invest in developing 2,270 m2 of turnkey, furnished office facilities with a full suite of business support services on flexible lease terms within a serviced office environment.
Ian Lloyd, CEO R-Offices, said:
“Abu Dhabi is growing at an impressive pace and having closely watched the rapid development of services and facilities to the aviation community at Al Bateen Executive Airport, we view it as an ideal location to operate and do business in the capital.”
Mohammed Al Bulooki, CCO, Abu Dhabi Airports Company said:
“Al Bateen is now able to offer a wider choice of lease options to its expanding aviation community. The combination of prime serviced and non-serviced office facilities and the Free Zone, provides benefits such as plug & play convenience, and reduced fit-out costs for companies that require flexibility. This new venture is part of Abu Dhabi Airport Company’s strategic focus on Public-Private Partnerships in delivering new projects in its airports and free zones.”
Al Bateen Executive Airport was recently awarded Free Zone status by the Executive Council, as part of the Emirate’s strategic plan to promote foreign direct investments and host more international organizations looking to set up businesses in Abu Dhabi. As the first and only business aviation airport with Free Zone status, Al Bateen will offer comprehensive business solutions and a full spectrum of Free Zone services, which include company incorporation, registration, and licensing, rapid visa processing and leasing services - all in a fast-track One Stop Shop window environment, from early 2012.
Abu Dhabi Airports Company (ADAC) has already invested US$50 million in turning the 50 year-old military airport into a luxury business aviation gateway with an impressive VVIP passenger terminal. Further plans are in place to develop new commercial facilities, hangars, apron enhancements, utilities and runway work.
This latest announcement follows the signing of an agreement with the Swiss catering firm, Gate Gourmet, which already commenced construction of a business jet catering facility at Al Bateen.
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