Khalifa Economic Zones Abu Dhabi (KEZAD) Group, the largest operator of integrated and purpose-built economic zones, has signed an agreement with NMDC Energy, a subsidiary of National Marine Dredging Company (NMDC), to establish a new manufacturing facility in KEZAD.
The 50-year lease agreement, signed at the Make It In The Emirates Forum 2024, involves an investment of US$100 million by NMDC Energy. This investment will fund a 224,000 sqm facility dedicated to modular fabrication.
The new...