Aldar Secures AED570 Million Deal To Acquire Two Major Logistics Assets In Abu Dhabi

Aldar has secured a deal with Khalifa Economic Zones Abu Dhabi (KEZAD Group), a subsidiary of AD Ports Group, to purchase two industrial and logistics assets for AED570 million. This acquisition aims to enhance Aldar's recurring income portfolio and expand its logistics platform across the UAE. The assets, developed by KEZAD Group, are occupied by noon and Emtelle.

The noon Fulfilment Centre, completed in March 2025, is the largest e-commerce facility in the UAE. It spans over 115,000 sqm and features advanced temperature-controlled zones, cold storage, and sustainability elements aiming for Estidama 2 Pearl certification. Meanwhile, the Emtelle facility serves as a regional base for fibre optic solutions.

Jassem Saleh Busaibe, CEO of Aldar Investment, stated that this acquisition is crucial for expanding Aldar's logistics and industrial platform in the UAE. "The Grade A assets acquired from AD Ports Group are strategically located and occupied for the long term," he said. This ensures stable income generation as the logistics market grows.

The Emtelle facility was completed in June 2024 and covers 21,000 sqm. It meets high technical standards with a power capacity of 6,500 kW and includes dedicated external storage areas for future expansion. Together with noon's facility, these assets have a built-up area exceeding 136,000 sqm.

Abdullah Al Hameli, CEO of Economic Cities & Free Zones at AD Ports Group, commented on the sale's success: "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." This transaction highlights Abu Dhabi's robust demand from global investors.

The acquisition aligns with Aldar's strategy to increase its presence in the industrial and logistics sector through selective acquisitions. Their portfolio now includes Abu Dhabi Business Hub, Almarkaz Industrial Park, and 7 Central in Dubai Investments Park. They also have ongoing projects in Dubai South and National Industries Park.

The divestment aligns with AD Ports Group's strategy to manage its portfolio actively by monetising non-core assets when suitable. Proceeds from this transaction will be used to reduce the Group's debt levels. The strategic location of these assets offers direct connectivity to Khalifa Port, Etihad Rail, and major highways.

This connectivity facilitates efficient regional and international distribution. As the UAE strengthens its position as a trade hub, Aldar plans to explore further growth opportunities within this sector. The transaction underscores both companies' commitment to enhancing their respective business models.