Latest news with #KezadBusinessDistrict
The National
2 days ago
- Business
- The National
Kezad Group to create 'next generation' business district in Abu Dhabi
Khalifa Economic Zones Abu Dhabi Group (Kezad), the largest operator of integrated economic zones in the UAE, is developing a new commercial hub to attract more global investors to the emirate. The Kezad Business District (KBD) in Al Ma'mourah will be developed as an integrated mixed-use commercial hub that includes offices, retail, residential, lodging, education, professional training and leisure components, the group said in a statement on Wednesday. When completed, the district will serve as a site for investors to set up their regional headquarters, research and innovation centres, training facilities, service providers and educational institutions. Kezad will deliver a "next-generation business district that will further elevate Abu Dhabi's proposition to global investors," Abdullah Al Hameli, chief executive of Economic Cities and Free Zones at AD Ports Group, said. 'Aside from re-emphasising our commitment to provide our investors with end-to-end solutions to grow their businesses, Kezad Business District will offer development opportunities and catalyse new investments in the wider Kezad Al Ma'mourah master plan." Kezad Group is a subsidiary of Abu Dhabi Ports Group and its infrastructure and services span 12 economic zones in Abu Dhabi, Al Ain and the Al Dhafra Region, covering a total of 550 square kilometres. It provides strategic market access, lower operating costs and ease of doing business with more than 2,100 businesses from 17 key industrial sectors. Abu Dhabi's economy expanded by 3.8 per cent annually in 2024 to reach an all-time high of Dh1.2 trillion as the emirate's non-oil sector continued to grow amid its diversification push. The emirate's non-oil sector during the 12-month period grew 6.2 per cent to Dh644.3 billion, marking its highest annual contribution yet to the total gross domestic product at 54.7 per cent. Abu Dhabi is developing non-oil sectors from aviation to manufacturing as it seeks to diversify its economy from oil revenue. Initially planned over approximately three square kilometres, the business district area will be developed in phases, with infrastructure work currently under way, the group said. The district intends to allow for close collaboration between academia, businesses and industry, it added.
Trade Arabia
2 days ago
- Business
- Trade Arabia
New Kezad Business District to come up in Abu Dhabi
Khalifa Economic Zones Abu Dhabi - Kezad Group, one of the largest operators of integrated and purpose-built economic zones in the region, has announced the development of Kezad Business District (KBD), Abu Dhabi's newest business destination. Strategically located with frontage at the gateway of the E11 arterial corridor between the UAE capital and northern emirates, Kezad Business District is part of the wider 410 sq km-Kezad Al Ma'mourah master development. Initially planned over approximately 3 sq km, the area will be developed in phases with infrastructure works currently underway. New developments include a 21,000 sq m office tower, sporting facilities and food and beverage (F&B) retail facilities adjacent to the Kezad Group HQ building, Kezad One. Kezad Business District is located along the E11 inter-emirate highway between Abu Dhabi and Dubai, and provides exceptional connectivity to all major logistics, industrial and business areas within short driving distance. Kezad Business District is planned as an integrated mixed use commercial hub that will enable close collaboration between academia, businesses and industry while having a thriving social pulse. The district is also advantageously located next to three landmark projects: the 70,000 sq m twofour54 media production campus; the 3.3 sq km Abu Dhabi Food Hub, and the 3.3 sq km Global Auto Hub – the latter two being developed by Kezad Group as part of a pioneering public-private investment. Abdullah Al Hameli, CEO, Economic Cities and Free Zones, AD Ports Group, said: 'The ambition and inventiveness that we have applied to developing and operating one of the world's most integrated, thriving and largest industrial ecosystems is the same one that we will employ to deliver a next-generation business district that will further elevate Abu Dhabi's proposition to global investors. The development of Kezad Business District continues Kezad Group's investment in Abu Dhabi's polycentric urban expansion, with Kezad Al Ma'mourah seen as a critical economic centre in the nation's future-forward growth strategies.' 'Aside from re-emphasising our commitment to provide our investors with end-to-end solutions to grow their businesses, Kezad Business District will offer development opportunities and catalyse new investments in the wider Kezad Al Ma'mourah masterplan. We are very proud and excited to attract new, frontier businesses and commercial activities that will propel our nation's economy into the future.' Kezad Business District is extraordinarily located at the confluence of major transport links with Khalifa Port being only 15 minutes away, Zayed International Airport being a 25-minute drive away, and linked to rest of UAE by the high-speed Etihad Rail and two major highways. With unparalleled proximity to Dubai, Kezad Business District is less than a 30-minute drive away from Jebel Ali Port and Dubai World Central - Al Maktoum International Airport. When completed, Kezad Business District will serve as an attractive site for investors to set up their regional headquarters, research and innovation centres, training facilities and other operations, and a compelling option complementing service providers, educational institutes, etc. Serving as a secondary business district comprising a commercial hub with a vibrant mix of office, retail, residential, lodging, education, professional training and leisure components, Kezad Business District aims to establish itself as a major commercial centre, and the heart of Kezad's advanced manufacturing and economic ecosystem.
