Foreign investors look to Blackpool’s EZ

A delegation from the United Arab Emirates met with Blackpool Council representatives to discuss investment opportunities in the emerging airport enterprise zone.

The Middle East group included His Excellency Mahmood AlHashmi, a prominent UAE businessman, and Atif Malik of AM Corporation in Manchester.

They were given a guided tour of the enterprise zone (EZ) and the airport after signing a Memorandum of Understanding (MoU) pledging mutual collaboration with the council.

The MoU sets out potential areas of co-operation and structured key objectives for both parties to explore the commercial and investment opportunities at the airport, the wider EZ and other investment prospects that are part of the £1bn Growth and Prosperity programme.

Neil Jack, chief executive of Blackpool Council, said: “We were delighted to welcome His Excellency to Blackpool to discuss the exciting investment opportunities that are available in the town.

Both parties have agreed to work together, co-operating and learning from each other and to seek to achieve the optimum development potential for Blackpool.”

“His Excellency has a wealth of experience in developing similar commercial employment projects around the world and we will seek to share information and experiences as we move forward with the different phases of development at Blackpool Airport Enterprise Zone.”

Mahmood AlHashmi is chief executive of the Ajman Media City Free Zone in the UAE.

He said: “We have developed several investment destinations in the UAE and have successfully attracted over 27,000 companies in the UAE that have brought in strong FDI.

We will use the wealth of our experience to replicate the success that we have enjoyed in the UAE to Blackpool.”

Atif Malik added: “I am working currently on projects, some we are delivering as we speak and hope to deliver over the next 24 months; these will consist of over 400 residential units in Blackpool.

The Enterprise Zone and Blackpool Airport will be an exciting project and I am looking forward to start work on this later in the year. Opening up the North of England to The Middle East was a dream of mine.”

By Lancashire Business View