Long-term lease agreement in KEZAD

The KEZAD Group has signed a long-term land lease agreement with the Heavy Equipment Division of Galadari Brothers. The contract, which spans a period of 50 years, provides for the establishment of a new facility in KEZAD A (KEZAD Al Ma’mourah). The investment of 75 million AED will encompass an area of 150,000 m², which will be used for the storage and distribution of heavy machinery and industrial equipment, as reported by AD Ports.

The Heavy Equipment Division of Galadari Brothers is known as a dealer and distributor of commercial vehicles and specialized construction machinery in the United Arab Emirates (UAE). The company is headquartered in Dubai and has a history of over 60 years, during which it has established itself in various sectors and international markets, according to AD Ports. The decision to invest in KEZAD is part of Galadari’s strategic plans to expand its business in the region.

„We welcome the Galadari Brothers to KEZAD and look forward to a fruitful partnership as we support them with our tailored services in expanding their presence in the region,“ said Mohamed Al Khadar Al Ahmed, CEO of Khalifa Economic Zones Abu Dhabi – KEZAD Group.

www.kezadgroup.com