Khalifa Economic Zones Abu Dhabi (KEZAD) Group, in partnership with StockSpace and master developer Axione Development, has signed a 50-year land lease agreement to develop a state-of-the-art Grade A warehouse facility in KEZAD Area A.
The project represents an AED 50 million investment and underscores KEZAD’s role as a catalyst for industrial growth and supply chain excellence in the UAE.
The 14,200-square-meter facility will bolster capacity in the FMCG and food & beverage sectors by providing top-tier warehousing infrastructure.
StockSpace’s operations are expected to create approximately 100 new jobs, further supporting local employment and economic development.
Mansoor Al Marar, Vice President of Industrial Business Development at KEZAD Group commented that this partnership with StockSpace allows an innovative, world-class industrial ecosystem that supports efficient logistics, enhances manufacturing capabilities, and fosters sustainable sector growth.
Daniel Ilizarov, Managing Partner at Axione Development, highlighted KEZAD’s strategic location and infrastructure, that makes it ideal for accommodating the rising demand in the UAE’s fast-growing logistics and F&B sectors.
Abu Dhabi currently accounts for 36% of the UAE’s total food processing output, with KEZAD playing a pivotal role in supporting the sector through world-class manufacturing, logistics, and trade infrastructure.
