UAE's Metal Park launched the first phase of its new AED 110 mn storage facility in Khalifa Economic Zones Abu Dhabi (Kezad), according to statements here and here. The project — dubbed as the “world’s first pay-as-you-go” storage center for metals — is slated to be completed in three phases. Once fully operational, the facility will have a total storage capacity of 350k mt, as well as a 54k cmb shelved storage space specifically for metals.

More details: The first phase — spanning 93k sqm – features 26 overhead cranes with a 40 mt carrying capacity, 55 loading truck bays, and automated guided vehicles with a carrying capacity of 48k mt per day. The hub will include vertical storage, three weighbridges, and truck loading bays with integrated cantilever systems. The facility also has direct access to Khalifa Port through a modular road, Etihad rail’s network, and highways linking Abu Dhabi to the rest of the country.

Background: Kezad’s whole owner AD Ports Group inked an agreement with Metal Park to establish the hub back in 2022.

The latest from Kezad’s storage projects: The zone saw the launch of an AED 90 mn multi-purpose chemicals facility by the UAE-based AquaChemie last month, featuring 7.2 metric tons of storage capacity and four liquid storage tanks. Last year, the UAE-based pharma distribution company Pharmatrade also inaugurated its Abu Dhabi Logistics Center in Kezad last year to boost the storage and distribution of its products.

REMEMBER- UAE warehouse rents are projected to rise between 5% to 10% in 2025 as demand outpaces added capacity. However, Kezad is set to add about 250k sqm of warehouses by the end of the year, contributing to a predicted easing in rent hikes.

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