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Azizi Developments has signed a second 50-year lease agreement with KEZAD Group, securing 440,000 sqm of land to develop 12 new manufacturing facilities that will strengthen its construction, logistics and supply chain capabilities.
Key Highlights:
- The lease agreement is valued at AED 2 billion (US$540 million)
- New facilities will support Azizi’s expanding real estate project pipeline across the UAE
- Development includes 12 advanced manufacturing units within KEZAD
- Builds on the first 50-year lease signed in October for 220,000 sqm in KEZAD Al Ma’mourah
- Initial investment supported steel fabrication, modular construction, aluminium, glass, and joinery facilities
- Partnership reinforces Abu Dhabi’s industrial growth and integrated logistics ecosystem
- KEZAD provides strategic connectivity, infrastructure, and scalable industrial solutions
- Agreement reflects strong confidence in KEZAD’s long-term industrial platform
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