Khalifa Economic Zones Abu Dhabi (KEZAD Group) has commenced the development of a warehousing capacity of more than 250,000 square meters, with an investment of $169 million (AED621 million) to bring additional capacity of pre-built industrial and logistics facilities online by the end of 2025.
This will boost KEZAD’s total warehousing capacity by 43 percent. KEZAD Group has commenced construction of the new phases in light of strong demand for warehousing and other pre-built facilities across the emirate of Abu Dhabi, in both free zone and domestic industrial areas.
According to the statement, “The development includes construction over more than 97,500 sq meters of leasable area in Khalifa Industrial Area (KEZAD Al Ma’mourah A B) and more than 153,000 sq meters of leasable area in ICAD 3 (KEZAD Musaffah).”
Mohamed Al Khadar Al Ahmed CEO – KEZAD Group
“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 to new markets and customers in the region. Abu Dhabi’s business-friendly atmosphere, safety, and livability of the city are also major attractions for companies relocating their staff to the region.”
Since the third quarter of 2022, KEZAD Group has already delivered more than 270,000 sq meters of additional warehousing space, with leased area having seen a 66% increase over the same period.
The developments include pre-built facilities consisting of logistics and distribution warehouses, cold stores, light industrial units, and showrooms of various sizes and specifications.
KEZAD Group had 587,000 sq meters of pre-built industrial and logistics facilities under management as of the third quarter of 2023, which included 93,000 sq meters of cold storage facilities, as per the statement.
