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FINANCIAL NEWS
34% of UAE Kizad land leased, 40 contracts signed
04 Jun 2013
(MENAFN) Salmeen Al Kuwairi, chief executive of Khalifa Industrial Zone Abu Dhabi, known as Kizad, stated that 34 percent of the land currently available at Kizad has been leased, up from 27 percent at the end of 2012, reported The National.
Al Kuwairi also said that the industrial zone’s first phase, made up of around 51 square kilometres, has been all taken up, three months after its official inauguration.
The cheif executive added that 40 contracts have been signed for developing manufacturing and storage facilities in the zone by different companies. He also added that he expected the leased percentage to climb to 40 percent by the end of 2013.
It is worth noting that Kizad, which was inaugurated by the President of the UAE in December last year, promises to develope into a highly active industrial hub as companies are expanding in it gradually.
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