Khalifa Economic Zones Abu Dhabi Group (Kezad), the largest operator of integrated economic zones in the UAE, has begun work on upgrading its roads in Al Ma’mourah, as it aims to boost trade activity in the emirate.
The Dh42 million ($11.4 million) project, which covers 288,000 square metres, includes the improvement of 24km of roads and roundabouts to streamline the movement of goods and "significantly" improve the flow of traffic, the company said on Tuesday.
Kezad will also construct irrigation pumping stations and water tanks connected to its wastewater treatment plant, it said.
The announcement follows the groups recent Dh55 million infrastructure upgrade at Kezad Mussaffah, spanning an area measuring 40,000 square metres and 23km of roads. Both projects are slated to be completed by the third quarter of 2024.
“As with the recently started project in Kezad Mussaffah, the improvement of the road network system in Kezad Al Ma’mourah is aimed at developing a faster and more efficiently connected economic zone," said Mohamed Al Ahmed, chief executive of Kezad Group.
"This upgrade reinforces the value proposition of Kezad and strengthens Abu Dhabi’s position as an advanced economic and industrial hub.”
Kezad Group was launched by AD Ports Group in September last year to consolidate and grow its economic cities and free zones cluster, and as it seeks to strengthen Abu Dhabi's position as an industrial and manufacturing hub.
AD Ports Group's Khalifa Industrial Zone Abu Dhabi and ZonesCorp were integrated into Kezad, which comprises 12 economic zones with a total area of 550 square kilometres, including 100 square kilometres designated as free zones.
The 12 economic zones are located in Abu Dhabi, Al Ain and Al Dhafra, all of which provide transport infrastructure as well as multimodal connectivity by road, sea, air and planned rail networks.
They allow 100 per cent foreign ownership, 100 per cent repatriation of capital and profit, the potential for duty-free trade within the region and advanced technology platforms.
Kezad Group has also grown to become the UAE’s largest operator of fully integrated economic zones, business services, staff accommodation and industrial real estate solutions.
In December, it signed a preliminary agreement with Dana Steel for the establishment of a new steel plant in Abu Dhabi.
In April, it also signed a 50-year land lease agreement with Al Ghurair Foods to set up three mega food processing projects with total investments worth more than Dh1 billion.
Last month, Kezad signed another lease agreement with Global Fluorine Chemical to build the second phase of its factory, which will triple the company’s production capacity.
“Kezad Group is continually looking for ways to improve the business experience of our clients and maintain Abu Dhabi’s position and the heart of regional industrial and economic development," Mr Al Ahmed said.
In addition to the new road improvements, Kezad's new project also includes the planting of trees and hardscaping over an area of 120,000 sqm.
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Defence review at a glance
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Essentials
The flights
Emirates, Etihad and Malaysia Airlines all fly direct from the UAE to Kuala Lumpur and on to Penang from about Dh2,300 return, including taxes.
Where to stay
In Kuala Lumpur, Element is a recently opened, futuristic hotel high up in a Norman Foster-designed skyscraper. Rooms cost from Dh400 per night, including taxes. Hotel Stripes, also in KL, is a great value design hotel, with an infinity rooftop pool. Rooms cost from Dh310, including taxes.
In Penang, Ren i Tang is a boutique b&b in what was once an ancient Chinese Medicine Hall in the centre of Little India. Rooms cost from Dh220, including taxes.
23 Love Lane in Penang is a luxury boutique heritage hotel in a converted mansion, with private tropical gardens. Rooms cost from Dh400, including taxes.
In Langkawi, Temple Tree is a unique architectural villa hotel consisting of antique houses from all across Malaysia. Rooms cost from Dh350, including taxes.
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Name: Enhance Fitness
Year started: 2018
Based: UAE
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Investors: Global Ventures and angel investors
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Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
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Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple.
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.
Khouli conviction
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According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.
For sale
A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.
- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico
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- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950
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Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
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