AD Ports Group, the operator of industrial cities and free zones in Abu Dhabi, signed a Dh2 billion ($545 million) long-term land lease agreement with Azizi Developments to set up new manufacturing and logistics units at Khalifa Economic Zones Abu Dhabi (Kezad).
As part of the deal, Azizi will build 12 factories in an area spanning nearly 440,000 square metres to help boost its production capacity and strengthen supply chain resilience, AD Ports said in a statement on Friday to the Abu Dhabi Securities Exchange, where its shares are traded.
Dubai-based Azizi is building a Dh6 billion tower called Burj Azizi, which is to stand at 725 metres tall to become the world's second-tallest tower. The company is also building other residential projects across Dubai.
“This agreement supports Abu Dhabi’s industrial expansion and strengthens the long-term partnership between Kezad and Azizi as they continue to invest in advanced production and supply chain capabilities,” said Abdullah Al Hameli, chief executive of economic cities and free zones at AD Ports Group.
The two sides signed a Dh1 billion, 50-year land lease agreement for the establishment of new manufacturing units at Kezad in an area covering 220,000 square metres last year. Kezad, between Abu Dhabi and Dubai, is rapidly expanding with companies setting up manufacturing units.
Last month, Indian companies Jindal Saw Group and Haldiram Group announced plans to invest about Dh1.2 billion to develop more than 514,000 square metres of manufacturing infrastructure at Kezad. It is also developing a commercial hub to attract more global investors to the emirate, Kezad said in June.
The Kezad Business District in Al Mamourah is to be developed as an integrated mixed-use commercial space that includes offices, retail, residential, lodging, education, professional training and leisure components, it said at the time.
Three ways to limit your social media use
Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.
1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.
2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information.
3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.
AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
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