Kezad to invest $169m to increase UAE warehousing capacity  

Khalifa Economic Zones Abu Dhabi (Kezad Group), a trade, logistics, and industrial hub, has commenced work to increase its warehousing capacity by 43 percent, or more than 250,000 square metres, at the cost of AED621 million ($169.08 million), due to growing demand.

The additional capacity of pre-built industrial and logistics facilities will come online by the end of 2025. 

The development includes constructing more than 97,500 square metres of leasable area in Khalifa industrial area (Al Ma’ourah A and B) and more than 153,000 square metres of leasable area in Icad 3 (Kezad Musaffah). 

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Since Q3 2022, Kezad has delivered more than 270,000 square metres of additional warehousing space, with leased area rising 66 percent year on year. 

The developments include pre-built facilities consisting of logistics and distribution warehouses, cold stores, light industrial units and showrooms of various sizes and specifications. 

“We are committed to developing more facilities for customers seeking ‘plug and play’ assets that leverage our zones’ global connectivity and highly competitive cost of doing business to expand their reach to new markets and customers in the region,” Mohamed Al Khadar Al Ahmed, CEO of Kezad Group, said.

The group managed 587,000 square metres of pre-built industrial and logistics facilities as of the third quarter of 2023, which included 93,000 square metres of cold storage facilities.