AD Ports Group’s KEZAD Group has signed a new 50-year lease with Azizi Developments to support the expansion of Azizi’s manufacturing and logistics operations.
Azizi Developments is a private developer in the UAE, and the agreement represents an investment value of AED 2 billion ($544.6 million) by Azizi Developments.
The newly leased plots located in KEZAD, spanning nearly 440,000 square metres, will accommodate twelve factories, designed to boost production capacity, strengthen supply chain resilience, and advance Azizi’s growing project pipeline, including its landmark master-planned communities and iconic developments.
Abdullah Al Hameli, CEO, Economic Cities & Free Zones, AD Ports Group, said: “Azizi’s decision to expand its manufacturing base in KEZAD reflects the strong confidence that leading developers place in our integrated industrial ecosystem.
“We provide the land, infrastructure, and connected logistics platform that allow major companies to grow, operate at scale, and deliver with certainty. This agreement supports Abu Dhabi’s industrial expansion and strengthens the long-term partnership between KEZAD and Azizi as they continue to invest in advanced production and supply chain capabilities.”
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In October 2024, both parties signed their first 50-year land lease agreement in KEZAD A (KEZAD Al Ma’mourah) to meet the growing demand of the housing industry in the region.
The initial AED 1 billion ($272.3 million) investment by Azizi Developments included the establishment of a reinforcement steel cut and bend facility, timber joinery and duct fabrication workshops, a modular factory, an aluminium and glass fabrication unit, as well as an aluminium extrusion factory, and spans approximately 220,000 square metres.
For more information:
AD Ports Group – https://www.adportsgroup.com/en
