Built to inform

Sign up for the daily newsletters

No, Thank you

Kizad sees 15% rise in investment during Q1 2015

Abu Dhabi Ports signed nine standard musataha agreements (SMAs) during the first three months of this year, with strong interest from the construction and automotive sectors

Kizad saw a 15% rise in investment during the first quarter of 2015, with strong interest from the construction, logistics, and automotive sectors.
Kizad saw a 15% rise in investment during the first quarter of 2015, with strong interest from the construction, logistics, and automotive sectors.

Abu Dhabi Ports signed nine standard musataha agreements (SMAs) during the first quarter of 2015, representing 15% growth in Khalifa Industrial Zone (Kizad) investors.

So far, there has been strong interest from the construction, logistics, and automotive sectors. Four companies have announced their commitment to invest in the industrial zone: Gulf Precast, Advanced Manufacturing Solutions, National Catering Company, and Safe Care Medical.

A further five companies, including HCG, Afaq Al Khaleej, Schmidt Logistics, Naseem Al Bawadi, and Tmdeed, have also signed SMAs with Abu Dhabi Ports.

Capt Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports, commented: “The first quarter of this year has been an exceptional one. I welcome these new investors and congratulate them on choosing an ideal location to build their business operations. The many advantages offered by such close proximity to Khalifa Port and the industrial zone’s outstanding services and infrastructure will help each company to achieve its business goals.”

Combined, the nine new investors represent an investment worth more than $232m (AED853m), and their new plots cover a land area of more than 422,000m2. To date, 71 national and international outfits have chosen to invest in Kizad. Ten of these will have completed construction and will be fully operational by the end of this year.

Abu Dhabi Ports has now leased a total of 1,100 hectares in the trade and logistics zone, representing a total investment of more than $13bn (AED47.75bn). Once these investors are fully operational, Khalifa Port’s throughput is expected to increase by 900,000 tonnes of general cargo and containers annually.

Most popular

Awards

Dubai's JW Marriott Marquis Hotel to host CW Awards 2019
15th edition of the CW Awards will be held at the five-star Dubai hotel to

Conferences

Leaders UAE 2019: ALEC, CSCEC ME, Arada bosses on diversification
EXCLUSIVE: Kez Taylor, Sachin Kerur, Elie Mrad, and Grigoris Christofides share insights at Leaders UAE

Latest Issue

Construction Week - Issue 749
Sep 15, 2019