Kizad, part of AD Ports Group’s Economic Cities & Free Zones, has signed a lease agreement with NWTN to establish an Electric Vehicle (EV) assembly facility in Abu Dhabi to serve growing demand for sustainable transport options.
AD Ports Group today announced its financial results for the quarter ended 31 March 2022. The Group reported revenue growth of 15 percent year-on-year to AED 1,047 million for Q1 2022, compared with AED 910 million in 2021, with growth across most clusters and a strong contribution from new partnerships and business lines. Adjusted EBITDA .
UAE-based multi-business conglomerate Ghassan Aboud Group is set to establish one of the region’s largest automotive export and distribution hubs at Khalifa Industrial Zone Abu Dhabi (Kizad), a major industrial hub and a subsidiary of Abu Dhabi Ports.