250,000sqm of additional capacity being developed on continued strong demand
Khalifa Economic Zones Abu Dhabi–KEZAD Group recently announced that it has commenced the development of warehousing capacity of more than 250,000sqm, with an investment of US$ 169mn (AED 621mn) 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%.
KEZAD Group has commenced construction of the new phases in light of strong demand for warehousing and other prebuilt facilities across the emirate of Abu Dhabi, in both free zone and domestic industrial areas. The development includes construction over more than 97,500 sq metres of leasable area in Khalifa Industrial Area (KEZAD Al Ma’mourah A & B) and more than 153,000sqm of leasable area in ICAD 3 (KEZAD Musaffah), it was announced via a press communique.
Since Q3-2022, KEZAD Group has already delivered more than 270,000sqm of additional warehousing space, with leased area having seen a 66% increase over the same period.
Prebuilt facilities
The developments include prebuilt facilities consisting of logistics and distribution warehouses, cold stores, light industrial units and showrooms of various sizes and specifications.
“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,” remarked Mohamed Al Khadar Al Ahmed, CEO, Khalifa Economic Zones Abu Dhabi KEZAD Group.
KEZAD Group had 587,000sqm of prebuilt industrial and logistics facilities under management as of Q3-2023, which included 93,000sqm of cold storage facilities, the press note concluded.
