StockSpace and Axione Development Plan $14 Million Warehouse in Abu Dhabi Economic Zone
Khalifa Economic Zones Abu Dhabi (KEZAD Group) said on Thursday that it has signed a 50-year land lease deal with StockSpace, a warehouse operator, and Axione Development, a main developer. They plan to build a modern warehouse in the KEZAD area.
New Warehouse Facility in KEZAD
KEZAD Group, part of AD Ports Group, is one of the biggest companies in the UAE that builds and runs special business zones.
A company called StockSpace is spending $13.6 million (AED 50 million) to build a 14,200-square-meter warehouse in KEZAD.
The new warehouse will help the food, beverage, and fast-moving consumer goods (FMCG) industries by providing modern storage space and services. It will also create around 100 new jobs.
Daniel Ilizarov, Managing Partner at Axione Development, said the warehouse is being built in KEZAD because it’s a great location for growing businesses in fast-growing sectors.
KEZAD Group supports over 2,000 businesses in 17 major industries by offering easy access to markets, lower costs, and business-friendly services.
Recently, KEZAD announced a new business zone called the KEZAD Business District, which will cover 3 square kilometers.
What KEZAD Says
Mansoor Al Marar, Vice President of Industrial Business Development at KEZAD Group, said they are helping Abu Dhabi grow its manufacturing and logistics industries. Their goal is to create top-quality business zones that help companies grow and succeed.
He added that the partnership with StockSpace will boost the food and beverage sector and improve the business environment in KEZAD.
Abu Dhabi’s Support for FMCG
Abu Dhabi plays a big role in the UAE’s FMCG industry, producing 36% of the country’s food products. KEZAD helps this growth by providing space, transport, and trade support through its advanced business setup.
Published: 27th June 2025
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