On 11 November 2010, the Abu Dhabi Executive Council issued notification that land in Al Taweelah dedicated to the Abu Dhabi Ports Company at the new Khalifa Port Industrial Zone (KIZAD), has been designated as an investment area with certain plots within this area also being demarcated as free zones. The designation will permit GCC and foreign nationals to acquire long term land interests in these areas and for all investors to benefit from the economic and practical advantages of locating and investing there. The move is a clear encouragement for foreign investment and greater flexibility of property ownership within designated areas of Abu Dhabi.