{"id":109439,"date":"2025-11-13T00:00:00","date_gmt":"2025-11-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/aldar-buys-aed-570-mn-logistics-assets-from-ad-ports\/"},"modified":"2025-11-13T00:00:00","modified_gmt":"2025-11-13T00:00:00","slug":"aldar-buys-aed-570-mn-logistics-assets-from-ad-ports","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/11\/13\/aldar-buys-aed-570-mn-logistics-assets-from-ad-ports\/","title":{"rendered":"Aldar buys AED 570 mn logistics assets from AD Ports"},"content":{"rendered":"

LOGISTICS- <\/p>\n

Aldar buys Kezad logistics assets from AD Ports for AED 570 mn: <\/strong>Abu Dhabi-based Aldar Properties acquired two Grade A logistics and industrial facilities in Khalifa Economic Zones Abu Dhabi (Kezad) from AD Ports Group for AED 570 mn, according to a statement (pdf)<\/a>. The sale comes as AD Ports continues to monetize non-core assets, with proceeds set to go toward deleveraging its balance sheet. It also sold AED 2.5 bn worth of land<\/a> in Al Mamoura to Mira Developments in October.<\/p>\n

About the sites: <\/strong>The assets \u2014 leased to e-commerce outfit Noon and <\/span>UK-based fiber optic solutions provider Emtelle<\/a> \u2014 span 136k sqm and were developed under 50-year Musataha agreements. Noon\u2019s facility, completed in March 2025, is the UAE\u2019s largest e-commerce hub, while Emtelle\u2019s site, finalized in June 2024, ranks among the world\u2019s biggest fiber optic manufacturing plants.<\/span><\/p>\n

The acquisition comes as part of Aldar\u2019s push to scale its logistics portfolio<\/strong> in Abu Dhabi and Dubai.<\/strong> Earlier this year, the developer bought AED 530 mn in warehouse assets<\/a> at Almarkaz Industrial Park, after having invested<\/a> AED 1 bn in several facilities in 2024 \u2014 including the 7 Central Logistics Hub<\/a> in Dubai Investment Park and a 144k sqm logistics park<\/a> with DP World in Jebel Ali. It also agreed to develop new logistics facilities in Dubai South<\/a> under a JV agreement last year. <\/p>\n

M&A WATCH- <\/p>\n

DataCamp acquires UAE\u2019s Optima to expand in the Middle East: <\/strong>US- and London-based edtech firm DataCamp<\/a> acquired Dubai-based AI learning platform Optima for an undisclosed amount, marking its first major expansion into the Middle East, according to a press release<\/a>. Founded in 2021 by Yusuf Saber (LinkedIn<\/a>), Optima develops AI-native adaptive learning technology that tailors lessons and feedback in real time for enterprises and individual learners.<\/p>\n

What\u2019s next: <\/strong>Saber will join DataCamp as chief AI officer, based out of the UAE, with Optima\u2019s team integrating into the company. The acquisition will also launch DataCamp Classrooms in the UAE, giving educators and students access to more than 500 interactive courses on data and AI skills, including Python, SQL, Power BI, and Machine Learning, at no cost.<\/p>\n

By the numbers:<\/strong> The company has 18 mn users and a B2B business with 6k customers, serving companies including Google, Uber, Nike, and Pfizer. It expects to cross USD 100 mn in annualized recurring revenue before the end of next year, the statement saod. <\/p>\n

MANUFACTURING- <\/p>\n

Phillips Middle East launched its first manufacturing tech center of excellence <\/strong>in Dubai <\/strong>S<\/strong>ilicon Oasis<\/strong>, according to a press release<\/a>. The USD mn-scale facility spans 5k sq ft and integrates Philips\u2019 additive and subtractive manufacturing technologies under one roof \u2014 serving manufacturers across sectors like aerospace, defense, automotive, oil and gas, medical, and education. <\/p>\n

The center aims to address the region\u2019s reliance on imported parts and original equipment manufacturers <\/strong>by providing modular, on-site manufacturing systems that enhance supply chain resilience and enable localized production. The firm plans to expand local hires over the coming year, the statement said.<\/p>\n

ENERGY- <\/p>\n

NMDC<\/strong> Energy, Baker Hughes to localize offshore energy products in Saudi: <\/strong>Abu Dhabi-based National Marine Dredging Company (NMDC) inked an MoU with US oil field services firm Baker Hughes to localize offshore products and services in Saudi Arabia to serve wider energy markets in the Middle East, North Africa, Turkey, and India, according to an ADX disclosure (pdf)<\/a>. The collaboration will see NMDC Energy use its fabrication and yard facilities in the Kingdom to supply the offshore market \u2014 with projects including a logistics base for offshore pipeline systems and an emergency pipeline repair system. <\/p>\n

REMEMBER- <\/strong>NMDC Energy signed another agreement with Baker Hughes at Adipec 2025 to localize gas technology products<\/a> such as gas compression stations and LNG modularization units in Saudi Arabia to serve the regional market. The firm launched its AED 200 mn fabrication yard facility in Saudi Arabia\u2019s Ras Al Khair Special Economic Zone earlier this year<\/a> as it pushes to scale its EPC unit operations across the Middle East, India, and Taiwan<\/a>, with plans to enter markets in Europe, North and West Africa, and Southeast Asia.<\/p>\n

CONSTRUCTION- <\/p>\n

Abu Dhabi inks seven infrastructure MoUs in Singapore: <\/strong>The Abu Dhabi Projects and Infrastructure Center (Adpic) signed seven MoUs with major Singaporean construction, engineering, and architecture firms to advance smart city planning, modular construction, and sustainable infrastructure across Abu Dhabi\u2019s USD 54 bn project pipeline, according to Abu Dhabi Media Office<\/a>. The agreements were signed during the Abu Dhabi Infrastructure Summit Singapore Roadshow<\/a>.<\/p>\n

The partnerships are with:<\/strong><\/p>\n