{"id":88540,"date":"2024-01-31T00:00:00","date_gmt":"2024-01-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/kezad-to-deliver-aed-621-mn-worth-of-new-warehouse-space-by-2025\/"},"modified":"2024-01-31T00:00:00","modified_gmt":"2024-01-31T00:00:00","slug":"kezad-to-deliver-aed-621-mn-worth-of-new-warehouse-space-by-2025","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/01\/31\/kezad-to-deliver-aed-621-mn-worth-of-new-warehouse-space-by-2025\/","title":{"rendered":"Kezad to deliver AED 621 mn worth of new warehouse space by 2025"},"content":{"rendered":"

AD Ports\u2019 Khalifa Economic Zones Abu Dhabi (Kezad) Group is investing AED 621 <\/strong>mn <\/strong>to develop 250k square meters of warehousing capacity in its zones<\/strong>, according to a statement<\/a>. The move will expand Kezad\u2019s pre-built industrial and logistics warehousing capacity by 43% by the end of 2025, when the new capacity is expected to go online.<\/p>\n

The details:<\/strong> Kezad has begun developing new warehouse phases, including over 97.5k sqm of leasable area in Kezad Al Ma\u2019mourah and 153k sqm in Kezad Musaffah, to supply a growing demand for warehousing space. The project seeks to expand pre-built facilities, including logistics and distribution warehouses, light industrial units, showrooms, and cold stores.<\/p>\n

Background: <\/strong>More than 270k sqm of additional warehouse space has been delivered in the zone since 3Q 2022, accounting for 66% of leased area. The zone had around 587k sqm of prebuilt industrial and logistics facilities \u2014 including 93k sqm of cold storage facilities \u2014 in 3Q 2023.<\/p>\n

Kezad is seeing a lot of developments over the next few years:<\/strong> The group also broke<\/a>ground<\/a> on its AED 330 mn Abu Dhabi Food Hub and Global Auto Hub, along with other projects located within Kezad Al Mamourah. The projects, which will both cover 3.3 square kilometers each, are part of AD Ports\u2019 five-year capex program to invest AED 15 bn between 2023-2027. Kezad also inked a non-binding term sheet earlier this month with Hong Kong-based aerospace enterprise USPACE Technology Group<\/a> to explore the development of a space eco-city hub in Kezad, with construction expected to kick off in mid-2024.<\/p>\n","protected":false},"excerpt":{"rendered":"

The move will expand the zones\u2019 pre-built industrial and logistics warehousing capacity by 43% by the end of 2025<\/p>\n","protected":false},"author":1,"featured_media":88541,"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":[1605],"tags":[1360,21,7,856,779],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade-logistics","tag-abu-dhabi","tag-ad-ports","tag-enterpriseam-uae","tag-kezad","tag-trade-logistics","wpautop","entry"],"acf":{"mongo_id":"ac759090-c672-43bf-b255-de26ca3568e0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/2547.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Kezad to deliver AED 621 mn worth of new warehouse space by 2025","related_issue":[88534],"teaser":"The move will expand the zones\u2019 pre-built industrial and logistics warehousing capacity by 43% by the end of 2025","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.2c1f31a3-0e99-4c5a-8b7c-2e76bfe1bd8b.mp3"},"yoast_head":"\nKezad to deliver AED 621 mn worth of new warehouse space by 2025 - 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