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Khalifa Economic Zones Abu Dhabi – Kezad Group is a wholly owned subsidiary of AD Ports Group and Al Ghurair Foods, a world-leading manufacturer and supplier of quality food, and part of Al Ghurair Investment, the largest One of the diversified family-owned conglomerates in the United Arab Emirates today announced the signing of a 50-year land lease agreement for three large-scale food processing projects involving an investment of more than AED 1 billion (US$ 272.5 million).
Yingshi
The signing ceremony was held at Kezad’s headquarters in Abu Dhabi and was attended by Abdullah Al Hameli, CEO, Economic Cities and Free Zones, AD Ports Group; Mohamed Al Khadar Al Ahmed, Khalifa Economic Zones Abu Dhabi – CEO, Kezad Group; Al Ghurair The Investment delegation consisted of Ibrahim Al Ghurair, Non-Executive Director; John Iossifidis, Group Chief Executive Officer; and Djamal Djhouri, Chief Executive Officer of Al Ghurair Foods.
The agreement will mark the first phase of Al Ghurair Foods’ investment in Kezad. The first two projects will establish the first starch processing plant of its kind in the region, alongside one of the top broiler chicken producers in the UAE, in terms of capacity, implementing the highest food safety standards in line with international biosafety standards, promoting local and regional food security.
Details of a third project will be revealed later this year, with the division involved in the debut of Kezad, Abu Dhabi’s food hub, which will create a new supply market for the UAE.
These projects will boost the UAE’s food production capacity and enhance the UAE’s position as an innovation and technology-driven regional hub.
Abdullah Al Hameli, Chief Executive, Economic Cities and Free Zones, AD Ports Group, said: “As a frontrunner in food safety work in the UAE, we are delighted to welcome Al Ghurair Foods to Kezad and the Abu Dhabi Food Hub as we continue to build all The largest integrated ecosystem for trading food commodities. We believe that this agreement will advance the nation’s food security agenda and further Kezad’s goals of improving domestic food supply and strengthening the country’s ability to meet future challenges.”
Mohamed Al Khadar Al Ahmed, Chief Executive Officer, Khalifa Economic Zone, Kezad Group, said: “We are delighted to add Al Ghurair Foods to our expanding portfolio of customers in the Kezad food ecosystem. Al Ghurair Foods is establishing a first-of-its-kind The factory speaks volumes about Kezad’s leading position as a regional and global trading hub. The company’s presence will significantly strengthen the food supply chain and guarantee domestic supply as well as export in one of the fastest growing trade and industrial ecosystems in the region.”
Commenting on the agreement, Al Ghurair Investment Group CEO John Iossifidis said: “We are delighted to have entered into this agreement with Kezad Group, which reflects Al Ghurair Investment’s commitment and efforts to increase the UAE’s food production capacity and food security. Through this With this agreement, we are proud to continue Al Ghurair’s pioneering legacy by building future-ready projects in support of the national food security agenda with a partner whose vision for a connected world shares ours. As we reimagine the future, we are committed to There is an innate understanding of the changing needs of customers locally and beyond. We look forward to working with Kezad to deliver quality food through a future-proof supply chain platform that strengthens the country’s role as a regional food hub.”
The projects also mark the expansion of Al Ghurair Investment’s footprint across the country, beyond its existing investments in the Northern UAE and Dubai, and represent a major milestone for the group. In addition to economic benefits, the plants will support the country’s sustainable development agenda by introducing a range of sustainable practices.
Ibrahim Al Ghurair, Non-Executive Director of Al Ghurair Investment, commented: “As part of the national fabric, Al Ghurair Investment remains committed to promoting meaningful change in pursuit of a sustainable future. To have real impact at scale, we must be bold And firm. By launching these important projects, our impact will be felt across the UAE and beyond as we continue to redefine the benchmark for family business groups in the region.”
Centered on automation and sustainability, these projects will significantly advance the nation’s food security agenda, producing key ingredients for the food industry, including increasing protein production and reducing dependence on imported commodities. Additionally, in these projects, Al Ghurair Foods will work with local farmers to create sustainable business models that support the entire ecosystem.
Djamal Djouhri, Chief Executive Officer, Al Ghurair Foods, commented: “This agreement reinforces our commitment to strengthening the domestic food supply and places a strong emphasis on using sustainable practices to improve food safety. As we accelerate our pursuit of better, we We will continue to invest in producing a range of nutritious, healthy and sustainable foods of the highest standard, while remaining committed to supporting the local ecosystems and communities in which we operate.” –trade arab news agency
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