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AD Ports Group leased out over 2.2 million sq. m of industrial land in H1 2021


AD Ports Group has announced that more than 2.2 million square metres of its Industrial Cities & Free Zone Cluster have been leased during the first half of 2021 to local, regional and international businesses, a clear indication that demand for industrial land continues to accelerate despite the impact of the Covid-19 pandemic on businesses.


AD Ports Group’s Industrial Cities & Free Zone Cluster, composed of Khalifa Industrial Zone Abu Dhabi (KIZAD) and ZonesCorp, has a total of 550 square km of industrial and commercial land.  Demand has been growing throughout 2021, particularly from key economic sectors such as metals, food, auto, technology and chemicals.


Additionally, KIZAD and ZonesCorp reported significant increases in Foreign Direct Investment in H1 2021, with demand from multiple adjacent sectors including e-commerce, plastics, logistics and light manufacturing.


The industrial zones in Abu Dhabi are currently home to more than 1,500 businesses including some of the world’s leading global industrial players in a variety of sectors including advanced manufacturing, life sciences and bio-pharma, food and agri-tech, machinery and equipment, maritime, logistics, chemicals, and plastics.


The cluster is embarking on major projects such as The Life Science Park, which has been designed to cater to the growing demand of vital sectors, such as the pharmaceutical, medical equipment, research and development, education, as well as other health-related sectors.


AD Ports Group also has recently announced the completion of 1.38 million sq. m of commercial and retail areas at Rahayel Automotive and Mobility City, the first integrated hub for the automotive industry in the region to accommodate a full range of auto-related businesses and supporting services, said a release.

 

Source: Exim News Service: Abu Dhabi, Sept. 13