The Khalifa Economic Zones Abu Dhabi – KIZAD Group has announced the signing of a 50-year lease agreement with both “Stock Space,” a company specializing in first-class warehousing operations, and “Axion Development,” the main developer of the project, to establish a modern warehouse facility in the KIZAD-A “KIZAD Al Mamoura” area.
“Stock Space” plans to invest 50 million dirhams in the development of this new facility, which will cover an area of 14,200 square meters. This site will feature high-quality warehouses and storage spaces, expected to significantly boost the growth of the food, beverage, and fast-moving consumer goods sectors in the region, while creating approximately 100 new job opportunities within the KIZAD Group’s zones.
Mansour Al Marar, Vice President of Industrial Business Development at KIZAD Group, stated that the group is committed to facilitating local manufacturing and supporting ancillary industries as a key player in Abu Dhabi’s industrial strategy. This is achieved by providing a comprehensive work environment that encourages innovation and an advanced logistics infrastructure to streamline distribution processes, thereby contributing to sustainable growth in the sector.
He also mentioned that KIZAD will continue to enhance the industrial sector ecosystem by developing world-class facilities and services, thereby opening new opportunities in the food markets. The partnership with “Stock Space” marks a significant step in this direction, aiming to build capabilities and enhance the economic landscape to empower the industrial sector.