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AD Ports KEZAD Communities, Al Eskan Al Jamae to merge into Dh7 billion entity

AD Ports Group will retain a controlling majority stake in the merged entity

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AD Ports Group announces merger of KEZAD communities

The combined entity will have an equity value of approximately Dhs 7bn, positioning it as one of the largest such businesses in the UAE

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AD Ports unit seals $1 9bn merger deal with Abu Dhabi developer

AD Ports Group has announced the merger of its key unit Kezad Communities with Al Eskan Al Jamae, a real estate development company, to create a AED7 billion ($1.91 billion) integrated staff accommodation firm, which is set to become Abu Dhabi’s largest.

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AD Ports Group Announces Merger of KEZAD Communities with Al Eskan Al Jamae LLC

AD Ports Group Announces Merger of KEZAD Communities with Al Eskan Al Jamae LLC
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Abu dhabiAbdullah al hameliSaeed khalfan al kaabiAd ports groupAl eskan jamaeAd ports group economic cities free zonesKhalifa economic zones abu dhabiEconomic citiesFree zones

AD Ports Group maps out super-sized economic zone ambitions

The long-term goal of the Abu Dhabi ports system to overtake Dubai’s Jebel Ali Port and its industrial hinterlands took another with KEZAD Group being set up.

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