Dar Properties and KIZAD have announced the completion of an agreement to acquire two institutional-grade industrial and logistics assets for AED 570 million. The deal was concluded between Dar Properties and Abu Dhabi Ports. The acquisition includes two state-of-the-art facilities, developed by KIZAD and currently leased to Noon and Etil. The 'Noon' facility is the largest e-commerce fulfillment center in the United Arab Emirates, while the 'Etil' facility is one of the world's largest factories for producing optical fiber cables and pre-connected solutions serving the communications sector. The two assets span a total area of over 136,000 square meters.
