UAE-based National Food Products Company (NFPC) has signed a 50-year agreement to invest AED1.5 billion in Abu Dhabi’s Khalifa Industrial Zone Abu Dhabi (Kizad). NFPC will buy more than eight million sqft of prime industrial land, strategically situated mid-way between Dubai and Abu Dhabi.
“Kizad and NFPC are delighted to announce the signing of this agreement, wherein NFPC has chosen Kizad as its next location for its biggest, state-of-the-art food production facility. The signing of this significant world-class investor confirms Kizad’s continuous commitment to the emirate’s diversified economic prosperity,” says Kizad CEO Khaled Salmeen. “The food industry in the GCC region promises substantial growth over the next few years and we firmly intend to be a major player in this growth in the further development stages of our industrial zone,” he adds.
“The establishment of the mega facility at Kizad is a key milestone in developing our operational capabilities to enable a new paradigm of growth for our market leading brands in the food and beverage sector,” observes Fady Antonios, CEO and president of NFPC.