The 14,200sqm facility will develop state-of-the-art warehouse space
Khalifa Economic Zones Abu Dhabi – KEZAD Group, Grade A warehouse operator StockSpace and project master developer Axione Development have jointly announced the signing of a 50-year land lease agreement to establish a state-of-the-art Grade A warehouse facility in KEZAD Area A (KEZAD Al Ma’mourah).
StockSpace has invested AED 50M to set up its 14,200sqm facility that will significantly contribute to the growth of F&B and FMCG industries in the region by providing prime quality warehousing space and operations. The company’s operations are set to create around 100 new jobs at the facility in KEZAD.
“As a key enabler of Abu Dhabi’s Industrial Mission, we provide an innovative environment in KEZAD to boost local manufacturing, enable world-class logistics setup for efficient distribution operations, and develop ancillary industries to facilitate growth,” commented Mansoor Al Marar, Vice President, Industrial Business Development, KEZAD Group.
Sustainable innovation
“As we begin our partnership with KEZAD, we will stay focused on our goals for sustainable innovation to stay ahead in the market, and achieve our long-term success plans,” remarked Georgy Gvilava, CEO, StockSpace.
“It is an honour for us to develop a top-class, Grade A warehouse facility for StockSpace, which will contribute to further development of KEZAD and the Emirate of Abu Dhabi,” observed Mikhail Zarkhi, Managing Partner, Axione Development.
“Our key focus of expertise is development of a modern facility in such a strategic area as KEZAD, which would allow us to significantly increase capacity in the most demanded and fast-growing sectors of the UAE market,” concluded Daniel Ilizarov, Managing Partner, Axione Development.
