Emerging World FZC signs land lease agreement with KEZAD Group

Emerging World FZC signs land lease agreement with KEZAD Group

ABU DHABI, 24th January, 2023 (WAM) -- Khalifa Economic Zones Abu Dhabi (KEZAD) Group announced that it has signed an agreement with Emerging World FZC, the sole importer of PRAN-RFL Group's products in the Middle East region, to establish a Programme for Rural Advancement Nationally (PRAN) manufacturing plant catering to local and regional markets.

The AED 110 million facility, developed in multiple phases, will spread across 42,000 square meters in KEZAD, with direct access to AD Ports Group's flagship Khalifa Port. It will enable Emerging World FZC to locally produce and export its products to free trade markets throughout the Middle East and North Africa region, including Saudi Arabia, Kuwait, Bahrain, Qatar, Oman, Jordan, Egypt, Iraq, Lebanon, Morocco, Tunisia, Palestine, Syria, Libya and Yemen.

The land lease agreement with KEZAD Group has been signed for a period of 30 years. With almost a third of PRAN's production capacity catering to the local market and 70 percent being exported to regional markets, PRAN will play a vital role in ensuring food security in the region through Abu Dhabi.

Mohamed Al Khadar Al Ahmed, CEO of KEZAD Group, said, "KEZAD Group is delighted to welcome Emerging World FZC and enable the development of this new