| Work Detail |
Azizi is set to enter the building material supply chain.
UAE-based Azizi Developments has signed a 50-year land lease agreement with Khalifa Economic Zones Abu Dhabi – KEZAD Group in order to set up 12 factories.
The factories, spanning 220,000 square metres, will be located in KEZAD A (KEZAD Al Ma’mourah) and manufacture building materials.
The project is set to be developed with an investment of approximately AED1 billion, and will include a reinforcement steel cut and bend facility, timber joinery and duct fabrication workshops, a modular factory, an aluminum and glass fabrication unit, as well as an aluminium extrusion factory.
The manufacturing facilities will supply materials for Azizi’s own real estate development projects under construction as well as for the burgeoning industry in the region.
“This project is another addition in our expanding ecosystem of manufacturers from widely diverse sectors who find KEZAD a supportive partner in their expansion plans,” said Abdullah Al Hameli, CEO, Economic Cities & Free Zones, AD Ports Group.
“We welcome Azizi Developments to Abu Dhabi and look forward to the launch of the new facilities, which will be a significant step forward in meeting the needs of real estate development with sustainable industrial practices and contribute to economic growth,” Al Hameli added.
“We are delighted to be setting up several of our new facilities in Khalifa Economic Zones Abu Dhabi’s Al Ma’mourah – the ideal hub for our building material manufacturing plans. We look forward to establishing ourselves in this ideally equipped location with 12 new factories worth close to AED 1 billion in the coming weeks, enabling us to produce high-quality construction materials for our developments,” commented Mirwais Azizi, Founder and Chairman of Azizi Developments. |
