Khalifa Industrial Zone Abu Dhabi (Kizad) has signed Talah Board and Binos as new tenants, it announced today.
In the presence of Her Excellency Sheikha Lubna bint Khalid Al Qasimi, UAE Minister of Foreign Trade, the industrial zone signed a Musataha agreement - a long-term property right agreement that gives companies the right to register at the Abu Dhabi Land Registry Department in the name of the investor - with Talah Board.
The agreement was concluded at the Hannover Messe Industrie 2012, a leading industrial technology show being held in Hannover, Germany. It features exhibitors from various industrial sectors coming from across the globe.
Mr Khaled Salmeen, EVP of Industrial Zones at Abu Dhabi Ports Company, said: “We are delighted to be part of the UAE’s national pavilion this year and we would like to thank the DED, HE Sheikha Lubna Al Qasimi and HE Mohamed Omar Abdullah for their continuous support. We are especially proud to be marking our second participation at the event by signing our first international Musataha agreement with Talah Board and Binos.
“Kizad is now 85 per cent complete and construction is well under way in preparation for the official opening of Area 1 in Q4 2012. We have now secured four local tenants, with 12 more in the pipeline, which we hope to announce soon.
“We look forward to welcoming our partners to our state of the art facilities while offering them nothing but the best in class services,” he said.