Aldar acquires a portfolio of industrial and logistics assets from Kizad for 650 million dirhams

Aldar Group announced today its acquisition of a portfolio of industrial and logistics assets from Khalifa Economic Zones Abu Dhabi – Kizad Group, a subsidiary of Abu Dhabi Ports Group (ADX: ADPORTS), for 650 million dirhams.

The deal contributes to adding 163,000 square meters of modern, income-generating industrial and logistical space to Aldar’s growing platform, enhancing its growing presence within Kizad and supporting its expansion process in this vital sector.

The deal includes three logistical warehouses developed according to the highest specifications and leased to several tenants, located within the Kizad Al Maamoura area.

These assets enjoy an occupancy rate of 97%, with a diverse base of 80 tenants active in the food and beverage, FMCG, logistics, manufacturing and technology services sectors, including major tenants such as DHL, Spinneys and Notom Logistics.

Aldar manages these assets, including leasing and facilities management, to ensure that they maintain their operational efficiency and enhance their performance in the long term.

The deal comes as an extension of Aldar’s acquisition of the “Noon” and “Emtel” warehouses in “Kizad” during November 2025, in a move that confirms the company’s firm confidence in the solid foundations on which the real estate market in Abu Dhabi is based, across its various sectors, from residential and commercial to industrial and logistical.

This acquisition brings Aldar’s portfolio of industrial and logistics assets to more than 700,000 square metres, with the total leasable area under development exceeding 1.5 million square metres.

Jassim Saleh Busaiba, CEO of Aldar Investment Company, said that the deal reflects the growing confidence in the long-term economic foundations of the Emirate of Abu Dhabi, in addition to the structural factors that enhance the demand for high-quality real estate assets, noting that “Kizad” represents one of the most prominent strategic logistics destinations in the region, due to its strong tenant base and stable operating returns that reflect its distinguished position.

He pointed out that the company is proceeding to build a large-scale industrial and logistics platform based on flexible institutional foundations capable of meeting the needs of a diverse segment of customers, while this deal constitutes a pivotal step in this direction, with an aspiration to continue cooperation with the Abu Dhabi Ports Group to enhance presence in the market.

Abdullah Al Hameli, CEO of the Economic Cities and Free Zones Sector at Abu Dhabi Ports Group, explained that the success of the sale of the warehouses of the logistics services complex in “Kizad” reflects the strength of the group’s business model based on maximizing the value of assets, allowing the freeing up of capital and its efficient reinvestment in growth opportunities with high returns, including expanding the warehouse infrastructure, in addition to enhancing the strength of the balance sheet.

He pointed out that the deal is the second with “Aldar” in less than a year, which reflects investors’ continued confidence in the international “KIZAD” industrial system, and at the same time confirms the strength and flexibility of the industrial and logistics real estate market in Abu Dhabi.

Kizad is located 10 kilometers from Khalifa Port, with direct connectivity to both highway networks E11 andE311In addition to the freight services of Etihad Rail, making it the largest integrated industrial and economic zone in Abu Dhabi.

This latest acquisition of assets in Kizad strengthens Aldar’s income-generating real estate platform, which includes a portfolio worth more than 49 billion dirhams of assets under management, and also complements Aldar’s portfolio of “development-to-hold” projects, valued at 20.1 billion dirhams, scheduled to be delivered over the next four years, confirming the significant growth of this platform as the company continues to develop, own and operate high-quality assets.