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Ducab expands lease agreement in Kezad: Dubai Cables Group subsidiary Ducab Metal Business (DMB) has inked a 50-year lease agreement with Abu Dhabi’s Khalifa Economic Zone (Kezad) to expand its facilities in the industrial hub adding an additional 51 sqm to its existing 50k facility for an undisclosed sum, according to a press release.
What we know: The agreement will allow Ducab to increase its copper and aluminum production to an unspecified capacity. Currently Ducab’s facilities have an annual production capacity surpassing 235k tonnes of copper and aluminum. The firm exports to some 75 countries.
REMEMBER- Kezad kicked off a new phase of warehousing developments earlier this year as it looks to invest AED 621 mn (USD 169 mn) to develop an additional 250k square meters (sqm) of warehousing space. The move is slated to expand Kezad’s pre-built industrial and logistics warehousing capacity by 43% by the end of 2025.
Recent Kezad developments may come in handy: Abu Dhabi Customs’ launched the first phase of the Virtual Corridors Cargo Movement System to facilitate the movement of duty-suspended goods between customs ports, freezones, and bonded warehouses in the Emirate last week. With the first phase to be established in Kezad and covering shipments and goods being transported from Khalifa Port to companies, freezone companies, and private customs warehouses located in Kezad.
