Azizi Developments Signs Large Land Lease Agreement of 440,000 sqm with AD Ports Group

Azizi Developments, a leading private developer in the UAE, today announced that it has signed a 50-year lease agreement with AD Ports Group (ADX: ADPORTS) subsidiary Khalifa Economic Zones Abu Dhabi – KEZAD Group, representing an investment value of AED 2 billion that will facilitate the growth of its manufacturing and logistics capabilities.

The signing, attended by Azizi Developments’ Founder & Chairman, Mr. Mirwais Azizi, CEO of Khalifa Economic Zones Abu Dhabi – KEZAD Group, Mr. Mohamed Al Khadar Al Ahmed, and senior management of both parties, marks another milestone in Azizi’s long-term strategy to build on its vertical integration and strengthen the operational backbone of its large-scale developments across Dubai.

The newly leased plots, spanning nearly 440,000 square meters, will accommodate twelve factories. These will be designed to boost production capacity, strengthen supply chain resilience, and advance the company’s growing project pipeline, including its landmark master-planned communities and iconic developments.

As part of the ceremony, Gardinia, Azizi’s dedicated construction partner, also signed its own agreement with KEZAD. Gardinia’s involvement further reinforces the integrated development model shared between both entities, ensuring streamlined coordination and operational efficiency across upcoming phases.

Mr. Mirwais Azizi, Founder & Chairman of Azizi Developments, said: “Our continued collaboration with KEZAD reflects our long-term vision for sustainable growth and operational excellence. KEZAD provides the strategic infrastructure, connectivity, and scale required to underpin our expanding industrial footprint. These additional plots enable us to further enhance our manufacturing capabilities, strengthen our supply chain, and ensure the timely delivery of world-class developments that set new benchmarks in modern living across the UAE.”

Mr. Abdullah Al Hameli, CEO Economic Cities & Free Zones, AD Ports Group, added: “Azizi’s decision to expand its manufacturing base in KEZAD reflects the strong confidence that leading developers place in our integrated industrial ecosystem. We provide the land, infrastructure, and connected logistics platform that allow major companies to grow, operate at scale, and deliver with certainty. 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.”

The new agreements strengthen Azizi’s presence within KEZAD, one of the region’s largest industrial and logistics hubs, and align with the developer’s commitment to investing in advanced infrastructure for its ambitious portfolio, which comprises the large-scale communities of Azizi Riviera, Azizi Venice, and Azizi Milan, the second tallest tower in the world - Burj Azizi, and various other projects across the emirate. 

In October 2024, Azizi Developments had signed its first 50-year land lease agreement for the establishment of 12 state-of-the-art factories in KEZAD A (KEZAD Al Ma’mourah) to meet the growing demands of the housing industry in the region. That AED 1 billion investment by Azizi Developments included the establishment of a reinforcement steel cut and bend facility, timber joinery and duct fabrication workshops, a modular factory, an aluminum and glass fabrication unit, as well as an aluminium extrusion factory, and spans approximately 220,000 square meters.