Abu Dhabi Ports inks deal to set up $22m warehouse
The warehouse will be developed on a 4.7ha plot of land with a total capacity of 33,318 pallet positions, and is expected to be completed in the second quarter of 2018
Abu Dhabi Ports has signed a Musataha agreement with Khalidia International Shipping to set up a third-party $21.8m (AED80m) logistics warehouse in Khalifa Industrial Zone (Kizad).
Khalidia International Shipping is a subsidiary of Emirates Business Group (EBG).
The agreement was signed by Mohamed Abdul Jaleel Al Blooki, chairman of the EBG, and Mana Mohammed Saeed Al Mulla, CEO of KIZAD, according to state news agency, WAM.
Located in Khalifa Port Free Trade Zone (KPFTZ), a new project that will serve as a platform for businesses looking to expand in the trade, logistics, and manufacturing sectors in the region.
The warehouse will be developed on a 4.7ha plot of land with a total capacity of 33,318 pallet positions and is expected to be completed in the second quarter of 2018.
"We are delighted to sign this agreement with Khalidia International Shipping and welcome them to our free zone as we look forward to the completion of this dynamic project," AlMulla said.
The warehouse, which will handle international imports for Abu Dhabi and Dubai markets, boasts a large capacity and contains a cold store with temperatures as low as -24°C and a temperature controlled dry store at 24 to 26°C.
Al Blooki added, "We are delighted to announce this agreement and are proud to be opening our 3PL warehouse in the Khalifa Port Free Trade Zone at KIZAD.
“Adding to the logistics solutions that we already provide, the warehouse will offer a new set of highly demanded services. By supplying cold and dry warehousing services, we will contribute to filling a gap in the market."