Middle East

Kizad signs deal with food firm

Abu Dhabi: The capital’s biggest infrastructure project, the Khalifa Industrial Zone Abu Dhabi (Kizad), has announced the signing of a long-term 50 year Musataha Agreement with the National Food Products Company (NFPC), one of the largest food producers in the UAE known for its market leading brands such as Oasis, Blu, Milco, Lacnor and Gulf & Safa.

The deal sees an initial investment of approximately AED 1.5bn in the mega-facility that will be spread across 8,093,469 sq ft of prime industrial land, strategically situated mid-way between Dubai and Abu Dhabi.  [24/02/14]

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