KEZAD Group & Al Ghurair Foods sign lease agreements for mega projects

KEZAD Group & Al Ghurair Foods sign lease agreements for mega projects

Khalifa Economic Zones Abu Dhabi – KEZAD Group, a wholly-owned subsidiary of AD Ports Group, and Al Ghurair Foods have signed 50-year land lease agreements for three mega food processing projects involving investments of over $272 million (AED 1 billion).

Al Ghurair Foods is a world-leading manufacturer and supplier of high-quality food and is part of Al Ghurair Investment, one of the largest diversified family business groups in the UAE.

The agreement will mark the first phase of Al Ghurair Foods division’s investments in KEZAD. The first two projects are set to establish the region’s first of its kind Starch Processing Plant, in addition to one of the top Broiler producers in the UAE, in terms of capacity, implementing the highest standards of food safety in line with International Biosecurity standards, in a boost for local and regional food security.

According to the statement, “The third project, details of which are set to be announced later this year, will see the division’s involvement in the debut of Abu Dhabi Food Hub – KEZAD, which will form an all-new supply market for the UAE.”

Mohamed Al Khadar Al Ahmed

CEO – KEZAD Group “We are excited to include Al Ghurair Foods to our expanding portfolio of