KEZAD Assets Management Company set to manage 750,000 sqm of built-up assets under KEZAD Group

Abu Dhabi, UAE – 21 February 2024: KEZAD Group, a subsidiary of AD Ports Group under the Economic Cities & Free Zones, and the biggest operator of built-in and purpose-built financial zones within the UAE, is set to switch the administration of roughly 750,000 sq. metres of its constructed up assets to KEZAD Assets Management Company (KAMC), making it a key participant within the industrial and logistics assets sector by strategic acquisitions, administration, and operations.

KAMC was introduced in October 2022 by KEZAD Group to concentrate on managing KEZAD Group’s present built-up assets. KEZAD Group at the moment has roughly 500,000 sqm of built-up assets and one other 250,000 sqm is scheduled to be delivered by 2025.

The firm will even purchase, preserve, and function a portfolio of high-quality industrial and logistics assets, implementing methods for asset-level worth creation and preservation.

Abdullah Al Hameli, CEO of Economic Cities & Free Zones, AD Ports Group mentioned: “The institution of KEZAD Assets Management Company is a pivotal step in our strategic growth. Through this new enterprise, we’re fostering a dynamic ecosystem of progress and innovation within the industrial and logistics sectors.

“KAMC is uniquely positioned to drive sustainable worth and contribute considerably to the financial diversification of Abu Dhabi and the broader area.”

Mohamed Al Khader Al Ahmed, CEO of Khalifa Economic Zones Abu Dhabi – KEZAD Group added: “The launch of KEZAD Assets Management Company marks a brand new period for KEZAD Group, aligning with our imaginative and prescient to be a world-class industrial and logistics hub.

“This strategic step enhances our aggressive edge, gives unparalleled companies to our purchasers, and additional solidifies our position as a key driver of the area’s industrial progress and prosperity in Abu Dhabi.”

The firm will leverage world networking, shopper and dealer relationships, and threat administration for efficient operation. The construction of KAMC consists of capabilities reminiscent of Deal Sourcing & Management, Leasing & Property Management Oversight, Joint Ventures & Limited Partnerships, and Risk Management, leveraging the experience throughout the present models of EC&FZ / KEZAD Group for environment friendly operation.