A UAE property developer is set to invest AED 1B ($272M) in an economic zone in Abu Dhabi to establish 12 modular building factories.
Khalifa Economic Zones Abu Dhabi (KEZAD) Group, in collaboration with UAE-based Azizi Developments, has signed a 50-year land lease agreement for the construction of these state-of-the-art factories in KEZAD A (KEZAD Al Ma’mourah). This initiative aims to address the increasing demands of the region’s housing sector.
The project, backed by an AED 1B ($272M) investment from Azizi Developments, will include a reinforcement steel cutting and bending facility, timber joinery and duct fabrication workshops, a modular factory, and units dedicated to aluminium and glass fabrication, alongside an aluminium extrusion factory.
Spanning approximately 220,000 square metres, these facilities will feature advanced infrastructure designed for the efficient production of essential equipment and components to support the real estate industry.
By employing sustainable materials such as aluminium, modular construction represents a forward-thinking approach to building energy-efficient homes, aligning with KEZAD’s commitment to sustainable industrial practices.
The proposed facilities will enhance the speed of production for materials needed in the rapidly expanding housing market, offering cost-effective and environmentally friendly manufacturing solutions.
This agreement reinforces the commitment of AD Ports Group and KEZAD to sustainable industrial manufacturing while minimising waste and environmental impact.
Abdullah Al Hameli, CEO of Economic Cities and Free Zones at AD Ports Group, stated: “This project is a valuable addition to our ecosystem of manufacturers, who see KEZAD as a supportive partner in their growth.”
Mirwais Azizi, Founder and Chairman of Azizi Developments, expressed enthusiasm about setting up these factories, highlighting their potential to deliver high-quality construction materials.
