Khalifa Economic Zones Abu Dhabi (KEZAD) Group, which has already delivered more than 270,000 square metres of warehousing space since the third quarter of 2022, said it is investing AED621 million ($169 million) to develop additional warehousing capacity of more than 250,000 square metres to be operational by the end of 2025.
KEZAD is a subsidiary of AD Ports Group under its Economic Cities & Free Zones Cluster and is the largest operator of integrated and purpose-built economic zones in the country. Its infrastructure and services span 12 economic zones located in Abu Dhabi City, Al Ain City and Al Dhafra Region.
The new facility will boost KEZAD’s total warehousing capacity by 43 percent. The group currently has 587,000 square metres of prebuilt industrial and logistics facilities under management as of Q3 2023, which includes 93,000 square metres of cold storage facilities.
Construction has already commenced in light of strong demand for warehousing and other prebuilt facilities across the emirate, in both free zone and domestic industrial areas. The development includes over 97,500 square metres of leasable area in Khalifa Industrial Area (KEZAD Al Ma’mourah A & B) and more than 153,000 square metres of leasable area in ICAD 3 (KEZAD Musaffah).
Mohamed Al Khadar Al Ahmed, CEO of KEZAD Group, commented: “Our focused approach to strengthen the ecosystem within our economic zones has resulted in continued demand for warehousing and light industrial units across our portfolio. We are committed to develop more facilities for customers seeking ‘plug and play’ assets that leverage our zones’ global connectivity and highly competitive cost of doing business to expand their reach in the region.”
The developments that have been introduced recently include pre-built facilities consisting of logistics and distribution warehouses, cold stores, light industrial units and showrooms of various sizes and specifications.
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