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Kizad receives first logistics tenant with AED73.5M investment
Al Batha Trading & Industry Group invests AED 73.5 million in Kizad to store and distribute consumer goods over a 50 year period.
March 11, 2012 1:01 by Reuters
Khalifa Industrial Zone Abu Dhabi (Kizad) has announced 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 Group will be assigned a 27,511 square meter land plot in the logistics cluster in Kizad’s Area A. Al Batha 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.
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. *image of Khaled Salmeen, Executive Vice President, Industrial Zones, Abu Dhabi Ports Company from kizad.com