Arab Today, arab today kizad al batha in dhs735m musataha deal
Last Updated : GMT 15:24:09
Arab Today, arab today
Arab Today, arab today

Kizad, Al Batha in Dhs73.5m Musataha deal

Arab Today, arab today

Arab Today, arab today Kizad, Al Batha in Dhs73.5m Musataha deal

Abu Dhabi - Arabstoday

Khalifa Industrial Zone Abu Dhabi (Kizad) announced on Sunday its first tenant in the Logistics cluster, Al Batha Trading & Industry Group. A 50 year Musataha Agreement was signed by Khaled Salmeen, Executive Vice President of Industrial Zones at ADPC, and Sheikh Salem Bin Mohammed Al Qassimi, Vice Chairman of Al Batha Group. Al Batha invests Dhs73.5 million in Khalifa Industrial Zone Abu Dhabi to store and distribute consumer goods over a 50-year period. The Group will be assigned a 27,511 square meter land plot in the logistics cluster in Kizad’s Area A. Al Batha Trading & Industry Group will set up cold stores, temperature control and ambient warehouses to store and distribute pharmaceuticals, beverages, food, and other goods. By signing with Kizad, Al Batha, which is headquartered in Sharjah, will have the opportunity to expand further into the local market and have access to regional and global markets so expanding their customer base. The low operation and utility costs that Kizad offers present a competitive advantage that Al Batha will make use of to operate cold stores to keep beverages and food goods in good condition. Commenting on securing Kizad’s first tenant in the logistics cluster, Khaled Salmeen said: “We are delighted to welcome our first tenant into the logistics cluster at Kizad. We are confident that our relationship with Al Batha Group, backed by the strategic business solutions that Kizad provides, will ensure a profitable outcome for both parties.” “Kizad has less than a year to go to the completion of infrastructure in Area A in fourth quarter of 2012. We look forward to welcoming more investors in the near future,” Khaled added. Sheikh Salem Bin Mohammed Al Qassimi said: “The unique value-added services and modern facilities prompted us to choose Kizad as our preferred industrial zone. Kizad’s offering and unique business model is in line with our commitment to contribute to the economic development of the communities we serve. We look forward to moving into Kizad and utilising the facilities it has to offer.” Al Batha Trading ‘&’ Industry Group is one of the largest private business groups in the UAE. The Group consists of more than 20 autonomous companies across sectors such as automobiles, pharmaceuticals, contracting, manufacturing, electronics, FMCG, real estate, and education. Abu Dhabi Ports Company (ADPC) is a master developer of ports and industrial zones. ADPC’s core objective is to facilitate the diversification of Abu Dhabi’s economy by acting as an enabler for development and trade. It will achieve this by managing commercial ports throughout the Emirate, supporting partners with their infrastructure projects and setting up new companies and joint ventures with partners who service and operate in the ports and industrial zones sector.

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Arab Today, arab today kizad al batha in dhs735m musataha deal Arab Today, arab today kizad al batha in dhs735m musataha deal

 



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