• Abu Dhabi Airports subsidiary welcomes foreign construction company into its expanding partner ecosystem
• MSM Logistics LLC will develop 1 warehouse across 16,500m2 within the Al Falah district
• Agreement also includes the leasing of land totalling 28,623 m2
Abu Dhabi, UAE – 04 October 2023: Abu Dhabi Airports Free Zone (ADAFZ), a subsidiary of Abu Dhabi Airports, today announced a new partnership with MSM Logistic LLC, an overseas construction and development company, to develop a new building complex within the free zone at an investment value of AED 85 million.
Set to be the first development to start building in the Al Falah district, an ongoing master development towards the east of Abu Dhabi International Airport (AUH), the project includes the construction of 1 warehouse with a total area of 16,500 m2 with the possibility of splitting this area into three distinct pockets for multiple storage purposes – on a plot of land covering 28,623 m2.
The first phase of the project is due to start in Q4 2023 and includes leasing an area of 28,623 m2, formalised through the signing of a Musataha agreement during ADIPEC, the world’s largest energy event, held in Abu Dhabi. The agreement entitles MSM Logistic to construct a building and lease the plot of land, at Abu Dhabi Airports free zone, in close proximity to the area where the first phase will begin in the Al Falah district.
Maureen Bannerman, Chief Commercial Officer, Abu Dhabi Airports, said: “Today’s announcement is the latest example of our commitment to welcome international organisations into our free zone ecosystem and nurture its growth. Abu Dhabi Airports Free Zone has a proud history of working with companies from different sectors and we are delighted to be collaborating with MSM Logistics, moving forward. Their experience and expertise, combined with our resources and infrastructure, will play a key role in developing world-class facilities to serve the needs of local and international businesses.”
Since its establishment in 2006, MSM Group companies, has consolidated its reputation as a reliable partner in designing and constructing industrial, logistics, and trade complexes. Having worked with various internationally recognised brands, the company has built over 1,650,000 sqm commercial real estate.
Commenting on the agreement with ADAFZ, Evgenii Gurkin, General Manager, MSM Logistics, added: “We are thrilled at the prospect of working within the Abu Dhabi Airports Free Zone, and expanding our operational footprint in the UAE capital. This innovative free zone has continuously attracted local, regional, and international companies wishing to establish operations and undertake projects in Abu Dhabi. We look forward to forging a successful long-term partnership with ADAFZ.”
ADAFZ is an inclusive, vibrant and opportunistic destination for international businesses. As a dynamic business centre in the heart of Abu Dhabi, ADAFZ provides unique platforms for sustained development and success, positioning partners to thrive within the emirate’s investment landscape in line with Abu Dhabi’s Economic Vision 2030.
