Kezad Group invests $169M in Abu Dhabi’s future through warehouse capacity.
- Kezad Group invests $169M to build ready-to-lease warehouse capacity and prebuilt facilities in Abu Dhabi.
- The group has already delivered more than 270,000 square meters since Q3 2023
- It is expected that the investment will increase Kezad Group’s capacity by 43% by 2025.
The largest operator of fully integrated economic zones, business services, staff accommodation, and industrial real estate solutions in UAE has recently announced that they are expanding their warehousing capacity by developing an additional 250,000 square meters. This is in addition to their previous estimate of 587,000 square meters from Q3 2023, out of which 93,000 square meters were allotted for cold storage facilities.
The group is investing $169M to boost its warehouse capacity by 43% by 2025, The group has already begun construction due to the strong demand for warehousing and other prebuilt facilities across the emirate of Abu Dhabi, this includes but is not limited to constructing more than 97,500 square meters of leasable area in Khalifa (KEZAD Al Ma’mourah A, B) industrial area and more than 15,300 square meters of leasable area in ICAD 3.
Kezad Group has already developed and delivered over 270,000 square meters of warehouse capacity since Q3 2022, with the leased area seeing a 66% increase over that period. The development includes prebuilt facilities to fit various sizes and specifications, consisting of logistics and distribution warehouses, light industrial units, and showrooms of different sizes.
The Kezad group’s CEO, Mohamed Al Khadar Al Ahmed, announced that their goal to strengthen and improve the ecosystem and zones has resulted in an increased and continuous demand for warehousing and industrial units and that they are committed to developing more facilities to meet the current and future demands while holding a competitive cost of doing business to expand and reach new markets in the region.
