Aldar and AD Ports Group have concluded a significant transaction. Aldar is acquiring two institutional-grade industrial and logistics assets in KEZAD from AD Ports Group’s subsidiary KEZAD Group. The deal is valued at AED 570 million. This move expands Aldar’s recurring income portfolio. It also supports the firm’s strategic goal to scale its diversified logistics platform across the UAE. The acquisition from AD Ports Group involves two Grade A assets, which are among the most advanced industrial and logistics facilities in the region, and are currently occupied by Noon and Emtelle. KEZAD Group developed both as build-to-suit projects.

The Noon facility is the UAE’s largest e-commerce fulfilment centre, while the Emtelle facility is a major global factory for manufacturing fibre optic ducting and pre-connectorised solutions for the telecoms sector. These assets have a combined built-up area exceeding 136,000 sqm. Crucially, they offer direct access to Khalifa Port, Etihad Rail, and major highways, enabling efficient regional and international distribution. The transaction reinforces Aldar’s position as a leading investor in the UAE’s rapidly growing industrial and logistics real estate market.

Jassem Saleh Busaibe, Chief Executive Officer of Aldar Investment, commented on the deal. “This acquisition marks another significant milestone in Aldar’s strategy to scale its logistics and industrial platform in the UAE, while further strengthening our expansive recurring income business. The Grade A assets acquired from AD Ports Group are strategically located and occupied for the long term, ensuring stable income generation. With the logistics market poised for substantial growth as the UAE cements its position as a hub for regional and international trade, we will continue to assess opportunities for further growth in the sector.”

The transaction significantly increases Aldar’s logistics footprint. It aids the company’s objective to create a balanced platform across Abu Dhabi and Dubai. Aldar’s portfolio now includes assets such as Abu Dhabi Business Hub, Almarkaz Industrial Park, and 7 Central in Dubai Investments Park. The divestment by AD Ports Group aligns with its strategy to actively manage its growing portfolio, including monetising non-core assets when the opportunity is right. Proceeds from the sale will be used to de-lever the Group’s balance sheet.

Abdullah Al Hameli, CEO, Economic Cities & Free Zones, AD Ports Group, discussed the sale. “The successful sale of our build-to-suit assets to Aldar reaffirms the market’s strong confidence in the quality and resilience of KEZAD’s logistics ecosystem and development capability. This transaction also highlights the attractiveness of our assets and the strength of Abu Dhabi’s industrial and logistics real estate market, which continues to see robust demand from global investors.”

The Noon Fulfilment Centre was completed in March 2025 and spans over 115,000 sqm. The facility was developed to institutional-grade specifications, featuring advanced temperature-controlled zones, cold storage, and integrated sustainability features designed to achieve Estidama 2 Pearl certification. The Emtelle facility was completed in June 2024. It comprises 21,000 sqm of manufacturing and logistics space, acting as Emtelle’s regional production and distribution base, built to high technical standards including 8-metre eaves height and 6,500 kW power capacity.