Dubai: Al Batha Trading & Industry Group is investing Dh73.5 million in the Khalifa Industrial Zone Abu Dhabi (Kizad), a statement said.
Al Batha Trading & Industry Group is Kizad's first tenant in the logistics cluster. A 50-year Musataha Agreement was signed by Khaled Salmeen, Executive Vice-President of Industrial Zones at ADPC, and Shaikh Salem Bin Mohammad Al Qasimi, Vice-Chairman of Al Batha Group.
Al Batha Group will be assigned a 27,511 square metre plot in the logistics cluster in Kizad's Area A.
Al Batha will set up cold stores, temperature control and ambient warehouses to store and distribute pharmaceuticals, beverages, food and other goods.
By signing with Kizad, Al Batha, headquartered in Sharjah, will have the opportunity to expand further into the local market and have access to regional and global markets.
Kizad's low operation and utility costs present a competitive advantage that Al Batha will make use of to operate cold stores to keep beverages and foodstuffs in good condition, a spokesperson said.
Salmeen said: "We are delighted to welcome our first tenant into the logistics cluster at Kizad. We are confident that our relationship with Al Batha Group, backed by the strategic business solutions that Kizad provides, will ensure a profitable outcome for both parties. Kizad has less than a year to go to the completion of infrastructure in Area A in the fourth quarter of 2012. We look forward to welcoming more investors in the near future."