Ta’ziz inks 31 agreements for LIA tenants

Ta’ziz inks 31 land agreements: Ta’ziz – a chemicals and industrial ecosystem being developed in Abu Dhabi’s Al Ruwais Industrial City — inked 31 land reservation agreements with local and international tenants for its Light Industrial Area (LIA) last week, according to a statement released on Thursday. Tenants are expected to gain access to their land plots in 2025, whereupon they will be lined up to boost manufacturing and industry in the Al Dhafra region. Details on the values of the agreements were not disclosed.

About the LIA: The area will span some 226k sqm of purpose-built warehousing, as well as 249 service plots across 3.71 square kilometers once developments are complete, the statement said. The space is anticipated to bring in USD 1 bn (AED 3.67 bn) worth of investments.

Who are the tenants? The incoming tenants are composed of players from an array of sectors including manufacturing, logistics, maintenance, and training services which have reserved spaces across several phases of the project, the statement said.

About Ta’ziz: Ta’ziz is made up of three main zones, including an industrial chemicals zone, an industrial services zone, and the LIA, according to its website. The LIA provides “a robust and competitive ecosystem built around new chemical value chains,” according to the statement.