x Abu Dhabi, UAEFriday 21 July 2017

First phase of Kizad logistics park near capacity

Phase one of the Khalifa Logistics Park is the first out of three and covers an area of 46,453 square metres, with warehouse units ranging from 1,133sqm to 12,463sqm.

Kizad’s chief executive, Khaled Salmeen. says they are seeing interest in the zone’s pre-built facilities. Christopher Pike / The National
Kizad’s chief executive, Khaled Salmeen. says they are seeing interest in the zone’s pre-built facilities. Christopher Pike / The National

Khalifa Industrial Zone Abu Dhabi (Kizad) has completed the first phase of its logistics park, with 83 per cent of warehouses already leased.

Kizad, a development of Abu Dhabi Ports Company, yesterday said that 34 units of the Khalifa Logistics Park (KLP) had already been rented out.

Major clients that have already begun moving in include the logistics company Agility and United Printing and Publishing, the newspaper printing company whose portfolio includes The National, Al Ittihad, Financial Times UK and National Geographic.

Other companies to have leased warehouse space include Protect Middle East, Al Sabah Foodstuff, Creative Communication, Galaxy Building Materials Trading, Back Office Logistics and Oriental Fasteners.

“We have managed to secure a remarkable level of pre-commitments from leading industry players and confirmed our high-ranking status in the warehousing and logistics market,” said Charles Acworth, the acting vice president of project development at Kizad.

“This level of pre-commitments justifies the high quality of our warehouse units, which have been designed to meet tenants’ needs, and our customer-focused approach in the marketing and leasing process.”

Phase one of the KLP is the first out of three and covers an area of 46,453 square metres, with warehouse units ranging from 1,133sqm to 12,463sqm. The park will provide an overall area of 118,965sqm when finalised.

Construction work on the second phase is scheduled to commence shortly and is due to be completed by February, said Mr Acworth.

Kizad also plans to construct a similar logistics park, also in three phases, in its free zone area. The project is due to be delivered by the end of next year.

“We have seen a number of logistics and supply chain investors coming into Kizad to take land to build their own facilities and now we are seeing the same interest in our pre-built facilities,” said Kizad’s chief executive, Khaled Salmeen.

“Today, the global logistics industry is estimated to be worth approximately US$300 billion, so it’s not surprising that logistics and supply chain management is increasingly becoming a hot topic of interest in the UAE.”

jeverington@thenational.ae

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