Azizi Developments signs second major lease agreement with KEZAD

Khalifa Economic Zones Abu Dhabi – KEZAD Group, a subsidiary of AD Ports Group, has signed a second major lease agreement with Azizi Developments, a leading private developer in the UAE.

The 50-year lease, valued at AED2 billion (US$540 million) will facilitate the growth of Azizi Development’s manufacturing and logistics capabilities.

Azizi expands manufacturing footprint in KEZAD

The newly leased plots are located in KEZAD and span nearly 440,000 square metres. This will accommodate 12 factories and advance Azizi’s growing project pipeline, including its landmark master-planned communities and developments.

The new contract follows the one in October last year, when both parties signed their first 50-year land lease agreement for nearly 220,000 square metres plots in KEZAD A (KEZAD Al Ma’mourah) to meet the rising demands of the housing industry in the region.

The initial AED1 billion (US$2.72 million) investment included the establishment of a reinforcement steel cut and bend facility, timber joinery and duct fabrication workshops, a modular factory, an aluminium and glass fabrication unit, and an aluminium extrusion factory.

Abdullah Al Hameli, CEO, Economic Cities & Free Zones, AD Ports Group, said: “Azizi’s decision to expand its manufacturing base in KEZAD reflects the strong confidence that leading developers place in our integrated industrial ecosystem.

“We provide the land, infrastructure, and connected logistics platform that allow major companies to grow, operate at scale, and deliver with certainty. This agreement supports Abu Dhabi’s industrial expansion and strengthens the long-term partnership between KEZAD and Azizi as they continue to invest in advanced production and supply chain capabilities.”