KEZAD Group, a subsidiary of AD Ports Group within the Economic Cities & Free Zones sector, renowned for its management of integrated and purpose-built economic zones in the UAE, is poised to hand over the management of approximately 750,000m² of its developed assets to KEZAD Assets Management Company (KAMC).
According to a statement, this move positions KAMC as a significant player in the industrial and logistics assets domain, focusing on strategic acquisitions, management, and operations.
Initially unveiled in October 2022 by KEZAD Group, KAMC’s establishment was aimed at overseeing the management of KEZAD Group’s existing built-up assets. With approximately 500,000 square meters of built-up assets currently under its purview and an additional 250,000 square meters anticipated for delivery by 2025, KAMC is set to expand its presence and influence in the sector.
“The establishment of KEZAD Assets Management Company is a pivotal step in our strategic expansion. Through this new venture, we are fostering a dynamic ecosystem of growth and innovation in the industrial and logistics sectors. KAMC is uniquely positioned to drive sustainable value and contribute significantly to the economic diversification of Abu Dhabi and the wider region,” stated Abdullah Al Hameli, CEO of Economic Cities & Free Zones, AD Ports Group.
Moreover, KAMC will actively engage in the acquisition, maintenance, and operation of a portfolio comprising high-quality industrial and logistics assets. The company’s approach will prioritize implementing strategies aimed at creating and preserving value at the asset level.
“The launch of KEZAD Assets Management Company marks a new era for KEZAD Group, aligning with our vision to be a world-class industrial and logistics hub. This strategic step enhances our competitive edge, provides unparalleled services to our clients, and further solidifies our role as a key driver of the region’s industrial growth and prosperity in Abu Dhabi,” said Mohamed Al Khader Al Ahmed, CEO of Khalifa Economic Zones Abu Dhabi – KEZAD Group.
Utilizing its extensive global network, client and broker connections, and robust risk management strategies, the company aims to ensure efficient operations. The organizational framework of KAMC comprises key functions including Deal Sourcing & Management, Leasing & Property Management Oversight, Joint Ventures & Limited Partnerships, and Risk Management. Leveraging the expertise housed within the existing units of EC&FZ / KEZAD Group, KAMC is poised to operate with optimal efficiency.
