KEZAD Group, a subsidiary of AD Ports Group, will transfer management of around 750,000 square meters of its built-up assets to KEZAD Assets Management Company (KAMC).
The move aims to establish KAMC as a major industrial and logistics asset sector player through strategic acquisitions, management, and operations.
KAMC, announced in October 2022, will primarily focus on managing KEZAD Group’s existing built-up assets. Currently, KEZAD Group possesses approximately 500,000 square meters of built-up assets, with an additional 250,000 square meters scheduled for delivery by 2025.
“Establishing KEZAD Assets Management Company is a pivotal step in our strategic expansion,” said Abdullah Al Hameli, CEO of Economic Cities and Free Zones, AD Ports Group. “Through this new venture, we are fostering a dynamic ecosystem of growth and innovation in the industrial and logistics sectors.
“KAMC is uniquely positioned to drive sustainable value and contribute significantly to the economic diversification of Abu Dhabi and the wider region.”
KAMC will acquire, maintain, and operate a portfolio of high-quality industrial and logistics assets, implementing asset-level value creation and preservation strategies. The company will utilise global networking, client and broker relationships, and risk management to ensure effective operation.
KAMC’s structure encompasses functions like deal sourcing and management, leasing and property management oversight, joint ventures and limited partnerships, and risk management. It will leverage the expertise within the existing EC and FZ / KEZAD Group units for efficient operation.
