KEZAD Group to boost warehousing capacity by 250,000 sq m
Khalifa Economic Zones Abu Dhabi (KEZAD) has announced a AED621m ($169m) investment in over 250,000 sq m of additional warehousing capacity.
The AD Ports subsidiary said the investment will boost its warehousing capacity by 43% once the additional pre-built industrial and logistics facilities come online by the end of 2025.
Construction of the new phases is already underway, with over 97,500 sq m of leasable area being built in Khalifa Industrial Area (KEZAD Al Ma’mourah A & B) and a further 153,000 sq m of leasable area in ICAD 3 (KEZAD Musaffah).
The latest announcement continues a period of rapid growth at KEZAD, which has brought 270,000 sq m of warehouse space online since the third quarter 2022.
The mixed developments include prebuilt facilities consisting of logistics and distribution warehouses, cold stores, light industrial units and showrooms of various sizes and specifications, the group said.
As of Q3 2023, the group managed 587,000 sq m of prebuilt industrial and logistics facilities including 93,000 sq ms of cold storage facilities.
Mohamed Al Khadar Al Ahmed, CEO of KEZAD Group, said: “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.
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