Latter will develop one warehouse across 16,500sqm within the Al Falah district
Abu Dhabi Airports Free Zone (ADAFZ), a subsidiary of Abu Dhabi Airports, recently announced a new partnership with MSM Logistics, an overseas construction and development company, to develop a new building complex within the free zone at an investment value of AED 85mn (US$ 23.15mn).
Set to be the first development to start building in the Al Falah district, an ongoing master development towards the east of Abu Dhabi International Airport (AUH), the project includes the construction of 1 warehouse with a total area of 16,500sqm with the possibility of splitting this area into three distinct pockets for multiple storage purposes – on a plot of land covering 28,623sqm.
The first phase of the project is due to start in Q4-2023 and includes leasing the area formalised through the signing of a Musataha agreement during ADIPEC, the world’s largest energy event, held in Abu Dhabi. The agreement entitles MSM Logistic to construct a building and lease the plot of land, at Abu Dhabi Airports free zone, near the area where the first phase will begin in the Al Falah district.
Collaboration
“This announcement is the latest example of our commitment to welcome international organisations into our free zone ecosystem and nurture its growth. Abu Dhabi Airports Free Zone has a proud history of working with companies from different sectors and we are delighted to be collaborating with MSM Logistics, moving forward,” remarked Maureen Bannerman, Chief Commercial Officer, Abu Dhabi Airports.
Since its establishment in 2006, MSM Group companies, has consolidated its reputation as a reliable partner in designing and constructing industrial, logistics, and trade complexes. Having worked with various internationally recognised brands, the company has built over 1,650,000sqm commercial real estate.
Partnership
“This innovative free zone has continuously attracted local, regional, and international companies wishing to establish operations and undertake projects in Abu Dhabi. We look forward to forging a successful long-term partnership with ADAFZ,” commented Evgenii Gurkin, General Manager, MSM Logistics.
ADAFZ is an inclusive, vibrant and opportunistic destination for international businesses. As a dynamic business centre in the heart of Abu Dhabi, ADAFZ provides unique platforms for sustained development and success, positioning partners to thrive within the emirate’s investment landscape in line with Abu Dhabi’s Economic Vision 2030, a press communique concluded.
