Khalifa Economic Zones Abu Dhabi Group (Kezad), the largest operator of integrated economic zones in the UAE, is developing a new commercial hub to attract more global investors to the emirate.
The Kezad Business District (KBD) in Al Ma’mourah will be developed as an integrated mixed-use commercial hub that includes offices, retail, residential, lodging, education, professional training and leisure components, the group said in a statement on Wednesday.
When completed, the district will serve as a site for investors to set up their regional headquarters, research and innovation centres, training facilities, service providers and educational institutions.
Kezad will deliver a "next-generation business district that will further elevate Abu Dhabi’s proposition to global investors," Abdullah Al Hameli, chief executive of Economic Cities and Free Zones at AD Ports Group, said.
“Aside from re-emphasising our commitment to provide our investors with end-to-end solutions to grow their businesses, Kezad Business District will offer development opportunities and catalyse new investments in the wider Kezad Al Ma’mourah master plan."
Kezad Group is a subsidiary of Abu Dhabi Ports Group and its infrastructure and services span 12 economic zones in Abu Dhabi, Al Ain and the Al Dhafra Region, covering a total of 550 square kilometres. It provides strategic market access, lower operating costs and ease of doing business with more than 2,100 businesses from 17 key industrial sectors.
Abu Dhabi's economy expanded by 3.8 per cent annually in 2024 to reach an all-time high of Dh1.2 trillion as the emirate's non-oil sector continued to grow amid its diversification push.
The emirate's non-oil sector during the 12-month period grew 6.2 per cent to Dh644.3 billion, marking its highest annual contribution yet to the total gross domestic product at 54.7 per cent.
Abu Dhabi is developing non-oil sectors from aviation to manufacturing as it seeks to diversify its economy from oil revenue.
Initially planned over approximately three square kilometres, the business district area will be developed in phases, with infrastructure work currently under way, the group said.
The district intends to allow for close collaboration between academia, businesses and industry, it added.
Directed: Smeep Kang
Produced: Soham Rockstar Entertainment; SKE Production
Cast: Rishi Kapoor, Jimmy Sheirgill, Sunny Singh, Omkar Kapoor, Rajesh Sharma
Rating: Two out of five stars
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Fund-raising tips for start-ups
Develop an innovative business concept
Have the ability to differentiate yourself from competitors
Put in place a business continuity plan after Covid-19
Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.)
Have enough cash to stay afloat for the next 12 to 18 months
Be creative and innovative to reduce expenses
Be prepared to use Covid-19 as an opportunity for your business
* Tips from Jassim Al Marzooqi and Walid Hanna
MATCH INFO
Uefa Champions League, last 16, first leg
Ajax v Real Madrid, midnight (Thursday), BeIN Sports
Graduated from the American University of Sharjah
She is the eldest of three brothers and two sisters
Has helped solve 15 cases of electric shocks
Enjoys travelling, reading and horse riding