AD Ports Group is monetising its Abu Dhabi landbank to fund port expansion, signing an AED840m (US$229m) land sale with Danube Properties at KEZAD Town Centre as Khalifa Port prepares for a capacity push to 10.5m teu.
The transaction covers approximately one million square metres of freehold land for a mixed-use residential development and represents the second land disposal within the 16 sq km KEZAD Town Centre masterplan, following a deal with Mira Developments in October 2025 (Container News). Payment will be collected over four years from a 10% down payment, with proceeds earmarked for balance sheet deleveraging.
The sale reflects growing market appetite for KEZAD’s integrated industrial-port model. The economic zone, adjacent to Khalifa Port, added 5 sq km in new gross land leases during 2023 as major tenants signed long-term agreements: PRAN Foods committed AED110m for a 42,000 sq m food processing facility in January 2023; Al Ghurair Foods followed in April with an AED1bn, 50-year lease for three mega processing projects; and Al Jazeera Steel broke ground in July on an AED250m rolling mill covering 210,000 sq m (AD Ports Group). The cluster also doubled its warehouse capacity over the same period.
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