Abu Dhabi’s KEZAD Inks Deals for Food Processing Plants
Posted on 04/30/2023
Abu Dhabi’s Khalifa Economic Zones (KEZAD), in a bid to enhance food security, will be home to new food processing plants. The food processing plants are to be constructed after KEZAD Group signed lease agreements with Al Ghurair Foods. This is a 50-year land lease deal. Three food processing plants with an investment value of AED 1 billion (US$ 272 million) are being built which includes the region’s first starch processing plant, and one of its largest broiler projects.
Abdullah Al Hameli, CEO, economic cities and free zones, AD Ports Group, said in a press release, “As front runners in the UAE’s efforts in Food Security, we are delighted to welcome Al Ghurair Foods to KEZAD and the Abu Dhabi Food Hub as we continue to build the largest integrated ecosystem for trading of all food commodities in the region.
“We are confident that this agreement will drive the nation’s food security agenda and further enable KEZAD’s aim of improving domestic food supply and enhancing the nation’s capacity to respond to future challenges.”
KEZAD is part of Abu Dhabi Ports Group (AD Ports Group).
Keywords: Al Ghurair Group.
