A trade zone will be opened in Abu Dhabi

A United Arab Emirates subscription in a 3 billion US dollar trade zone in Abu Dhabi will be open to Emirates citizens and foreign investors by September, the Arabic daily Al-Hayat reported on July 14.

Quoting the project's general manager, Mohammed Al-Hosani, the London-based paper said trading in shares of the Al-Saadiyat Free Zone Management and Operating Co. will be restricted to markets designated by the zone authority.

The trade zone will be on Al-Saadiyat island, 6 km east of the capital Abu Dhabi.

Al-Hosani said the zone would included warehouses, an airport, a harbor a trading floor and a causeway to Abu Dhabi.

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