AD Ports Group Sells KEZAD Logistics Park Free Zone 3 To Mair Group

AD Ports Group has agreed to sell KEZAD Logistics Park - KLP Free Zone 3 in Abu Dhabi to Mair Group, in a transaction that covers warehouse assets and long-term land rights, while keeping strategic control over the wider industrial zone.

The deal includes the warehouses and a land lease under a 50-year Musataha structure, with a total consideration of AED295 million. The amount will be settled over two years, and includes an upfront payment of AED74 million from Mair Group.

AD Ports Group plans to use the sale proceeds to reduce debt on its balance sheet. The group also aims to redirect released capital into new infrastructure schemes and further growth projects across its Economic Cities and Free Zones portfolio in the UAE.

KLP Free Zone 3 covers 128,451 square metres of land within KEZAD Al Ma’mourah. The site offers 59,822 square metres of gross leasable area, arranged across four purpose-built warehouse blocks designed for a mix of industrial and logistics operations serving regional and international clients.

Located near Khalifa Port, KLP Free Zone 3 connects directly to major road and transport corridors. This position gives tenants efficient access to markets across the Gulf, wider Middle East and global trade routes, which supports Abu Dhabi’s role as a logistics and industrial hub.

"The sale of KEZAD Logistics Park - KLP Free Zone 3 to Mair Group reflects AD Ports Group’s disciplined capital recycling strategy and focus on unlocking value from mature assets, while maintaining long-term control of strategically important land through Musataha structures," said Abdullah Al Hameli, CEO of Economic Cities & Free Zones, AD Ports Group.

Al Hameli said the transaction also strengthens the group’s financial position and supports further investment. As part of the agreement, AD Ports Group will continue to handle operations and maintenance for up to three months under a Transition Services Agreement, to ensure an orderly handover to Mair Group.

With inputs from WAM