Khalifa Economic Zones Abu Dhabi (KEZAD) Group, the largest operator of integrated and purpose-built economic zones, and UAE-based Azizi Developments have signed a 50-year land lease agreement.
This agreement facilitates the establishment of 12 cutting-edge factories in KEZAD A (KEZAD Al Ma’mourah) to address the growing demands of the regional housing sector.
Azizi Developments will invest US$272 million into the project, which will feature a range of facilities, including a steel reinforcement cut-and-bend plant, timber joinery and duct fabrication workshops, a modular construction factory, and units for aluminium and glass fabrication, along with an aluminium extrusion plant.
Covering around 220,000 square meters, these state-of-the-art factories will have advanced infrastructure to design and develop key components for the real estate industry. Modular construction, which emphasizes using sustainable materials like aluminum, supports energy-efficient home building and aligns with KEZAD’s commitment to eco-friendly industrial practices.
“This project is another addition to our expanding ecosystem of manufacturers from widely diverse sectors who find KEZAD a supportive partner in their expansion plans. We welcome Azizi Developments to Abu Dhabi and look forward to the launch of the new facilities, which will be a significant step forward in meeting the needs of real estate development with sustainable industrial practices and contribute to economic growth,” stated Abdullah Al Hameli, CEO of Economic Cities & Free Zones at AD Ports Group.
The development of these facilities will enable quicker and more cost-effective production of materials needed for the region’s expanding housing market, employing sustainable methods that minimize waste and environmental impact. This agreement underscores AD Ports Group and KEZAD’s dedication to promoting sustainable industrial manufacturing.
“We are delighted to be setting up several of our new facilities in Khalifa Economic Zones Abu Dhabi’s Al Ma’mourah – the ideal hub for our building material manufacturing plans. We look forward to establishing ourselves in this ideally equipped location with 12 new factories worth close to AED 1 billion in the coming weeks, enabling us to produce high-quality construction materials for our developments,” commented Mirwais Azizi, Founder and Chairman of Azizi Developments.
