Khalifa Economic Zones Abu Dhabi (KEZAD) Group, operator of integrated economic zones, has initiated the construction of over 250,000 square meters of warehousing capacity.
With an investment of around US$170 million, this development aims to add pre-built industrial and logistics facilities by the end of 2025, increasing KEZAD’s total warehousing capacity by 43%.
Responding to robust demand for such facilities in Abu Dhabi, both within free zones and domestic industrial areas, KEZAD Group is undertaking construction in Khalifa Industrial Area (KEZAD Al Ma’mourah A & B) and ICAD 3 (KEZAD Musaffah).
The new phases include over 97,500 square meters of area in Khalifa Industrial Area and more than 153,000 square meters in ICAD 3.
Since Q3 2022, KEZAD Group has already delivered over 270,000 square meters of additional warehousing space, resulting in a 66% increase in leased area during the same period. These developments encompass logistics and distribution warehouses, cold stores, light industrial units, and showrooms of various sizes and specifications.
“Our focused approach to strengthening the ecosystem within our economic zones has resulted in continued demand for warehousing and light industrial units across our portfolio. We are committed to developing 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,” stated Mohamed Al Khadar Al Ahmed, CEO of Khalifa Economic Zones Abu Dhabi – KEZAD Group.
As of Q3 2023, KEZAD Group managed a portfolio of prebuilt industrial and logistics facilities spanning 587,000 square meters, incorporating 93,000 square meters dedicated to cold storage facilities.
