Abu Dhabi Port, the master developer, operator and manager of ports and the Khalifa Industrial Zone (Kizad), has announced the launch of the second phase of Kizad Logistics Park (KLP) – non-free zone warehousing. KLP comprises high quality warehouses in Kizad’s logistics cluster and is set to become one of the leading warehousing centres in the region.
Following the success of KLP Phase 1, Kizad has started construction of the second phase of the project. 64 high-quality modular warehouse units are set to be handed over to tenants by Q3 of this year, bringing the total number of units to 105 covering an area of 1.3 million sqft.
“Kizad’s development follows a demand-driven approach; responding to the needs of the market and designing flexible solutions accordingly. The 41 warehouses in phase 1 were 83% leased prior to construction being completed and 100% leased a few months after that. Since then, the need for more high quality warehousing units has encouraged us to start building phase 2 of KLP,” says Mana Mohammed Saeed Al Mulla, chief operating officer, Kizad.
“In a challenging leasing environment, superior pre-built offerings support businesses with their logistics requirements. The success of KLP’s phase 1 only proves that Kizad is the ideal solution that offers an exceptional location, world-class infrastructure and dedicated investor support in a competitive operating environment,” he adds.