Abu Dhabi Airports has announced new development plans for their free zone arm, Abu Dhabi Airport Free Zone (ADAFZ).
The development program involves the planned construction of multiple Light Industrial Units (LIUs), currently in the master planning phase.
The Airport and Free zone operator also revealed that these LIUs will be built on an area of 200,000 square feet in its Southside Logistics area, adjacent to the Cargo terminal.
Speaking about the new development plans, Ms. Maureen Bannerman, Chief Commercial Officer of Abu Dhabi Airports, said that, “This is an exciting time for ADAFZ as it develops its retail, real estate, and logistics offering. ADAFZ currently manages more than 100 industrial units and in excess of 1,000 real estate units across three Free Zones and Airports.”
Ms. Bannerman further noted that the addition of these facilities will ensure that ADAFZ continues to offer a diverse and customer-centric range of infrastructure solutions that are supported by its in-house business teams.
Currently in very high demand, the development of Light Industrial Units will satisfy the increasing need from the small to medium-sized business community as they offer a low-cost entry and are scalable to align with the growth of the customer or tenant. The units are ideally suited towards light manufacturing and assembly, freight forwarding and logistics, technology, consumer, retail, and airport support services.
“Subject to the approval of its master plan, ADAFZ intends to award construction of the LIUs in 2024 with a 12 to 18-month build time,” as per the statement.
