Al Ghurair Foods to invest Dh1b on 3 food processing plants in Abu Dhabi

Al Ghurair Foods to invest Dh1b on 3 food processing plants in Abu Dhabi

Dubai: Abu Dhabi's Kezad group is adding more capacity to its food security program, by entering a 50-year land-lease deal with Al Ghurair Foods for three 'mega food processing projects. These investments will total Dh1 billion plus. The agreement also mark the first phase of Al Ghurair Foods division’s investments in KEZAD, part of AD Ports Group. The first two projects will launch the region’s first-of-its-kind starch processing plant, in addition to 'one of the top broiler producers in the UAE'. The third project - details of which are set to be announced later this year - will see the company take a presence in the Abu Dhabi Food Hub – KEZAD, which will form an all-new supply market for the UAE. "We look forward to working with KEZAD to delivering high-quality food products across a future-focused supply chain platform, strengthening the nation’s role as a regional food hub," said John Iossifidis, Group CEO, Al Ghurair Investment. "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," said Abdullah Al Hameli, CEO Economic Cities & Free Zones,