Khalifa Economic Zones Abu Dhabi (KEZAD) has signed a 50-year lease with StockSpace and Axione Development to build a Grade A warehouse in KEZAD Area A (Al Ma’mourah).
StockSpace will invest AED 50 million ($13 million) in the 14,200-square-metre facility, designed to serve the fast-moving consumer goods (FMCG) and food and beverage (F&B) industries.
The project is expected to create approximately 100 new jobs and strengthen Abu Dhabi’s role as a regional logistics and manufacturing hub.
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MansoorAlMarar, Vice President, Industrial Business Development, KEZAD Group, said: “The food processing industry is a strategically important and dynamically evolving sector, significantly contributing to Abu Dhabi’s GDP.
“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.”
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Georgy Gvilava, CEO of StockSpace, emphasized the company’s commitment to long-term growth through 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.”
Abu Dhabi accounts for 36 per cent of the UAE’s total food processing output, with KEZAD playing a pivotal role in supporting this growth through advanced logistics, trade infrastructure, and integrated industrial ecosystems.
