{"id":81390,"date":"2024-10-02T00:00:00","date_gmt":"2024-10-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/10\/02\/azizi-invests-aed-1-bn-in-12-building-materials-factories-in-kezad\/"},"modified":"2024-10-02T00:00:00","modified_gmt":"2024-10-02T00:00:00","slug":"azizi-invests-aed-1-bn-in-12-building-materials-factories-in-kezad","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/10\/02\/azizi-invests-aed-1-bn-in-12-building-materials-factories-in-kezad\/","title":{"rendered":"Azizi invests AED 1 bn in 12 building materials factories in Kezad"},"content":{"rendered":"

<\/strong> UAE private developer Azizi Developments will invest AED 1 bn in <\/strong>developing 12 building mater<\/strong>ial factories in <\/strong>Abu Dhabi\u2019s Khalifa Economic Zones\u2019s (Kezad) A cluster<\/strong>, according to a press release<\/a>. The company signed a 50-year land lease agreement with AD Ports Group. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

What we know: <\/strong>Covering an area of 220k sqm, the planned facilities include a reinforcement steel cut and bend facility, timber joinery, duct fabrication workshops, aluminum and glass fabrication unit, and an aluminum extrusion factory.<\/p>\n

The rationale: <\/strong>Azizi\u2019s move into the manufacture of building materials aims to respond to the demand in commercial real estate, which has seen a steady rise<\/a> as a result of rapid population growth and the influx of international investors into the UAE to expand their operations.<\/p>\n

Kezad has been doubling down on long leases: <\/strong>NMDC Energy inked a 50-year lease agreement in June to set up a new manufacturing facility in the zone back in September<\/a>. UAE-based Apex Engineering Industries also signed a 50-year land lease agreement back in August<\/a> to set up a AED 90 mn R&D and manufacturing plant in Kezad\u2019s Area A in Al Ma'mourah. Dubai Cables Group subsidiary Ducab Metal Business (DMB) inked a 50-year lease agreement back in May<\/a> with Kezad to expand its facilities in the industrial hub adding an additional 51 sqm to its existing 50k facility. <\/p>\n","protected":false},"excerpt":{"rendered":"

The 220k sqm project aims to meet the region\u2019s growing demand of the housing industry<\/p>\n","protected":false},"author":1,"featured_media":81391,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45],"tags":[44,256,207,129,21],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-81390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-investment-watch","tag-kezad","tag-storage-warehouses","tag-uae","tag-zones","wpautop","entry"],"acf":{"mongo_id":"28e0f3b1-3b64-419d-b200-c683b08dc129","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/57.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Azizi invests AED 1 bn in 12 building materials factories in Kezad","related_issue":[81383],"teaser":"The 220k sqm project aims to meet the region\u2019s growing demand of the housing industry","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.048ac01e-3f25-4030-b89d-57840ba65350.mp3"},"yoast_head":"\nAzizi invests AED 1 bn in 12 building materials factories in Kezad - 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