Khalifa Financial Zones Abu Dhabi (KEZAD Group), a subsidiary of AD Ports Group, has signed two land lease agreements of greater than AED1.1 billion (US$300 million) funding with Jindal SAW Group and Haldiram Group – two main Indian world companies.
Collectively, the 2 firms will develop greater than 514,000 sq. metres of producing amenities in KEZAD Al Ma’mourah and ICAD KEZAD Musaffah.
Their investments reinforce Abu Dhabi’s place as a rising centre for superior manufacturing, meals manufacturing, and energy-related industries, whereas supporting the objectives of the Abu Dhabi Industrial Technique and the UAE’s diversified financial progress.
Abdullah Al Hameli, CEO, Financial Cities and Free Zones, AD Ports Group, commented: “We’re delighted to welcome Haldiram International and Jindal Noticed to KEZAD.
“Their belief displays the energy of Abu Dhabi’s industrial ecosystem and the arrogance worldwide buyers place in our means to help superior manufacturing at scale. These tasks will create expert jobs, deepen sector capabilities, and reinforce our dedication to sustainable industrial progress throughout the UAE.”
Each tasks align with the Abu Dhabi Industrial Technique by enhancing native manufacturing capabilities, driving know-how adoption, and rising worth addition. The mixed funding will strengthen KEZAD’s meals, metals, and energy-related clusters whereas contributing to job creation and sector diversification.
Jindal Noticed Group, a number one world producer of metal pipes, tubes and fittings will develop its presence in ICAD – KEZAD Musaffah, with a brand new 300,000 MTPA seamless pipe manufacturing facility.
Haldiram Snacks Meals Personal Restricted, the US$10 billion Indian sweets and snacks large, will set up its first manufacturing hub in MENA, via its subsidiary. The brand new facility, unfold over roughly 114,000 sq. metres in KEZAD Al Ma’mourah.
Jindal Noticed’s AED1 billion (US$270mn) enlargement, overlaying roughly 400,000 sq. metres, will deal with the manufacturing of metal seamless tubes, fittings, and pipes, in addition to precision machining and steel forming. These high-precision merchandise are designed for the exploration and transportation of oil and gasoline, serving each regional and worldwide markets.
PR Jindal, Chairman of Jindal SAW Group, commented: “Our enduring partnership with KEZAD Group has been pivotal in accelerating our regional progress. Increasing our Abu Dhabi operations is a major achievement for Jindal SAW, reinforcing our dedication to innovation and serving world vitality markets.
“KEZAD’s built-in infrastructure, connectivity and investor-friendly surroundings present a strong platform for our future enlargement.”
The land lease settlement marks a significant milestone in Haldiram’s worldwide enlargement technique.
Haldiram’s funding, to the tune of AED150-200 million (US$41-54 million) will result in upto 11 distinct manufacturing traces catering to various world client preferences. The mission is anticipated to create greater than 300 jobs.
Manohar Lal Agarwal, Chairman, Haldiram Group, stated: “Organising our manufacturing base in KEZAD aligns with our imaginative and prescient to succeed in new markets with effectivity and reliability.
“Abu Dhabi’s superior infrastructure, supportive regulatory surroundings, and KEZAD’s provide chain efficiencies and world-class logistics make it the right base for our enlargement into the Center East, and North African markets.”
The agreements have been signed throughout KEZAD Group’s go to to Mumbai as a part of the Abu Dhabi Funding Discussion board – Mumbai, organised by the Abu Dhabi Funding Workplace and Abu Dhabi Division of Financial Growth.
Buyers profit from KEZAD’s multimodal connectivity via Khalifa Port, Etihad Rail, and main highways, supported by aggressive working prices and an investor-friendly surroundings, together with creating greater than 300 jobs
