{"id":111821,"date":"2026-01-22T00:00:00","date_gmt":"2026-01-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?p=111821"},"modified":"2026-01-22T02:58:56","modified_gmt":"2026-01-22T02:58:56","slug":"ad-ports-sells-off-more-land-more-local-defense-agreements-another-ai-startup-funding-round-and-a-big-ticket-abu-dhabi-real-estate-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2026\/01\/22\/ad-ports-sells-off-more-land-more-local-defense-agreements-another-ai-startup-funding-round-and-a-big-ticket-abu-dhabi-real-estate-project\/","title":{"rendered":"AD Ports sells off more land, more local defense agreements, another AI startup funding round, and a big-ticket Abu Dhabi real estate project"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AD Ports sells off more Kezad land<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>AD <\/strong><strong>Ports Group sold Kezad Logistics Park Freezone 3 to Mair Group for AED 295 mn<\/strong>, extending a run of capital recycling transactions, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/1\/830.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The sale will see the Abu Dhabi investment firm snap up four warehouse blocks, while AD Ports retains long-term control of the land under a 50-year Musataha agreement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move is an asset reset rather than an exit<\/strong>, continuing the state player\u2019s plan to optimize land assets and liberate liquidity for expansion plans. Since last October, the group has recycled more than AED 4.2 bn through similar plays, including transactions with <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/07\/mira-developments-to-launch-aed-2-5-bn-mixed-use-project-on-ad-ports-land\/\" style=\"\" rel=\"noopener\">Mira Developments<\/a> (AED 2.5 bn), <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/19\/yas-launches-eshara-for-space-systems-ad-ports-sells-off-more-kezad-town-land-and-aerogulf-acquires-evtols\/\" style=\"\" rel=\"noopener\">Danube<\/a> (AED 840 mn), and <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/13\/aldar-buys-aed-570-mn-logistics-assets-from-ad-ports\/\" style=\"\" rel=\"noopener\">Aldar<\/a> (AED 570 mn). Management has consistently framed these sales as a way to monetize non-core assets, strengthen its balance sheet, and redeploy capital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Adex backs bigger wagers in transition trade<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>Abu Dhabi Exports Office (Adex) expanded a revolving credit <\/strong><strong>f<\/strong><strong>acility for <\/strong><strong>Swiss-based energy and commodities trader BGN <\/strong>to USD 400 mn, up from USD 282.5 mn, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/abu-dhabi-exports-office-grows-bgn-finance-facility-to-400mln-s4su0k1i\" style=\"\" rel=\"noopener\">press release<\/a>. The added headroom comes as BGN eyes growth across LNG, critical minerals, metals, and transition fuels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The setup:<\/strong> The facility was oversubscribed and syndicated across 15 lenders spanning the Middle East, Africa, and Asia, with First Abu Dhabi Bank acting as sole coordinator and bookrunner.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">The UAE is doubling down on unmanned systems<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Defense Ministry inked contracts worth AED 2.4 bn across the first <\/strong><strong>two days of Umex<\/strong><strong> and SimTex<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A%D8%A9\/%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%AD%D9%83%D9%88%D9%85%D9%8A%D8%A9\/236-2026-hqzopzn4\" style=\"\" rel=\"noopener\">press release<\/a>. This included purchases of aircraft and drones by Edge, a variety of equipment and vehicles by Habari Defense and Security. This adds to some <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/21\/new-defense-jv-and-agreements-dubai-holding-makes-moves-in-mallorca-and-ce-ventures-backs-us-biotech\/\" style=\"\" rel=\"noopener\">AED 879.8 mn<\/a> in contracts signed on day one. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Calidus, Hameem, Aergility partner to build VTOL aircraft locally<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Local defense production just got another push:<\/strong> Abu Dhabi-based defense contractor Calidus and technology firm Hameem Technologies are partnering with US aerospace company Aergility to develop and manufacture the Alrasid and Altaresh unmanned VTOL aircraft in the UAE, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/byc8sjt-calidus-hameem-technologies-aergility-collaborate\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The aircraft, designed for intelligence, surveillance, and logistics operations, will be produced at Calidus\u2019 facilities in Abu Dhabi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- This follows a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/21\/new-defense-jv-and-agreements-dubai-holding-makes-moves-in-mallorca-and-ce-ventures-backs-us-biotech\/?repeat=w3tc\" style=\"\" rel=\"noopener\">busy week<\/a><\/strong><strong> for Emirati defense: <\/strong>Calidus also teamed up with US firm General Atomics to locally produce two unmanned aircraft, while Edge and Qatar\u2019s Barzan Holdings set up a JV for advanced defense tech and Tawazun Council signed AED 880 mn in contracts for autonomous air and maritime systems. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">OpenCX raises USD 7 mn in funding<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE<\/strong><strong>\u2019s OpenCX secures USD 7 mn to scale AI-driven customer communications: <\/strong>UAE-based customer communication platform OpenCX raised USD 7 mn in a funding round led by US-based Y Combinator and Saudi Arabia\u2019sX by Unifonic, with participation from Abu Dhabi\u2019s Shorooq Partners, according to a <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2026\/01\/opencx-raises-7-million-ahead-saudi-expansion\" style=\"\" rel=\"noopener\">press release<\/a>. The capital will support the firm\u2019s GCC-focused expansion plans, which include opening an office in Saudi Arabia within the next few months.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OpenCX? <\/strong>Founded in 2022 by Mohammad Gharbat (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/gharabat\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) and Mohammad Tabaza (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/mtabaza\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), OpenCX uses AI agents to provide automated solutions for customer support operations, serving sectors like fintech and healthcare.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Abu Dhabi is pulling big-ticket capital again<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai-based developer Object One has agreed to acquire four waterfront plots on A<\/strong><strong>bu Dhabi\u2019s Reem Island <\/strong>with a total development value of AED 4.5 bn, marking one of the capital\u2019s larger land as of late, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A%D8%A9\/%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA\/45-p5h8t0g7\" style=\"\" rel=\"noopener\">press release<\/a>. Located in the Shams Gate district, the sites span more than 2 mn sq ft of developable area and follow Object One\u2019s recent expansion into Abu Dhabi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>The move highlights Abu Dhabi\u2019s rising appeal to developers long focused on Dubai, as capital tracks population growth and infrastructure spending in the capital. Object One brings a Dubai track record that includes more than 2.6k delivered homes and over 4.5 mn sq ft of projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Defense agreements spanned local unmanned VTOLs and purchases of aircraft and drones by Edge<\/p>\n","protected":false},"author":1,"featured_media":111822,"comment_status":"closed","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":[1552],"tags":[1360,21,796,47,2447,1400,937,7,98,78,147],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-111821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-abu-dhabi","tag-ad-ports","tag-ad-ports-group","tag-also-on-our-radar","tag-artificial-intelligence-2","tag-defense","tag-edge-group","tag-enterpriseam-uae","tag-real-estate","tag-startup-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"e0fc28a6-abf0-4ef6-9cf9-f0165b8fa3cc","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/11\/303.jpg","photo_position":"above","homepage_title":"","full_issue_title":"AD Ports sells off more land, more local defense production agreements, another AI startup funding round, and a big-ticket Abu Dhabi real estate project","related_issue":[111806],"teaser":"Defense agreements spanned local unmanned VTOLs and purchases of aircraft and drones by Edge"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>AD Ports sells off more land, more local defense agreements, another AI startup funding round, and a big-ticket Abu Dhabi real estate project - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/22\/ad-ports-sells-off-more-land-more-local-defense-agreements-another-ai-startup-funding-round-and-a-big-ticket-abu-dhabi-real-estate-project\/\" \/>\n<meta property=\"og:locale\" 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