KEZAD and Sam Force Sign Agreements for Community Retail Centres Development

Source: 2/27/2024, Location: Middle East

Khalifa Economic Zones Abu Dhabi – KEZAD Group, a leader in the development of integrated and purpose-built economic zones, today announced two land lease agreements with Sam Force Trading, a renowned developer and operator of real estate assets in Abu Dhabi. The agreements mark a pivotal step in enhancing the retail infrastructure in KEZAD through the creation of vibrant retail community centres.

Under the agreements, Sam Force will construct and operate community retail centres on two prime locations in KEZAD which will cater to the diverse needs of residents and businesses within the KEZAD community.

The centres in Khalifa Industrial Area (KEZAD Al Ma’mourah) and ICAD (KEZAD Musaffah) will encompass a diverse commercial and retail offering, including restaurants and cafes, supermarkets, and business centres, enriching the community's lifestyle and core amenity availability.

Fatima Al Hammadi, Chief Commercial Officer, KEZAD Group said: “Our agreements with Sam Force reflect our strategic vision to partner with experienced developers to fast-track project delivery and enhanced operations for the benefit of our clients. Sam Force, with its proven track record in developing similar projects, will ensure a seamless integration with our zones' aesthetics and functionality.”

“The development of these retail centres is a testament to KEZAD's role as a catalyst for economic growth and its dedication to meeting the evolving needs of its diverse community,” he added.

Faysal Azzam, General Manager, Sam Force Trading said: “We are proud to be working with KEZAD Group on upscaling the community within KEZAD to cater to the needs of the growing community.

“The leadership of the nation has ensured continuous support for investors in the UAE, and the KEZAD leadership and the supportive team area testament to this commitment, and the business-friendly environment of Abu Dhabi. We have a 14-year history with KEZAD, and we look forward to many more years to come.”

The agreements reflect KEZAD Group's ongoing efforts to provide world-class facilities and enhance the quality of life for residents and businesses within its economic zones.

Angola >>  7/12/2024 - Afentra plc ('Afentra' or the 'Company'), the upstream oil and gas Company listed on the AIM market of the London Stock Exchange, announces that it ha...
Australia >>  7/12/2024 - Calima Energy Limited announces that it intends to undertake a minimum holding buy-back for holders of unmarketable parcels of shares in the Company...

Colombia >>  7/12/2024 - BBVA and the International Finance Corporation (IFC), a member of the World Bank Group, issued a US$15 million first tranche of the world's first biod...
Greece >>  7/12/2024 - Icon Energy Corp. (“Icon Energy” or the “Company”), an international shipping company that provides worldwide seaborne transportation services for dry...

Italy >>  7/12/2024 - This year we will take the Capital Markets Day to southern Europe and visit our heat exchanger manufacturing site in San Bonifacio in Italy.


Japan >>  7/12/2024 - · Selections reflect high evaluation of Company's ESG response
· Indices also adopted as benchmarks for GPIF's ESG passive funds


Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.