Abu Dhabi Ports and Khalidia International Shipping Sign AED 80 million Musataha Agreement
Abu Dhabi Ports has signed a Musataha Agreement with Khalidia International Shipping LLC, a subsidiary of Emirates Business Group (EBG), to set up a third-party logistics (3PL) warehouse with a total investment of AED 80 million in Khalifa Industrial Zone’s (KIZAD) trade and logistics cluster.The agreement was signed by Mr. Mohamed Abdul Jaleel Al Blooki, Chairman of Emirates Business Group (EBG), and Mr. Mana Mohammed Saeed Al Mulla, KIZAD CEO.
Located in “Khalifa Port Free Trade Zone” (KPFTZ), a dedicated new project that will serve as a platform for businesses looking to expand in the trade, logistics, and manufacturing sectors in the region, the warehouse will be developed on a 47,081.4 sqm plot of land with a total capacity of 33,318 pallet positions. It is expected to be completed in Q2 of 2018.
Mr. Al Mulla commented: “KIZAD’s integrated clusters offer tenants a number of benefits and enhance the efficiency of supply chains within our free zone. The development of Khalidia International Shipping’s new 3PL warehouse in “KPFTZ” provides existing and future customers with facilities that save transportation costs and streamline storage and distribution processes.”
