Latest news with #Dh620
Al Etihad
02-07-2025
- Business
- Al Etihad
ADFD, Kenya strategic partnership supports sustainable development
2 July 2025 19:44 ABU DHABI (WAM) Aligned with its support for the United Nations Sustainable Development Goals, Abu Dhabi Fund for Development (ADFD) continues to support projects that enhance infrastructure, strengthen vital services, and improve the quality of life for communities in partner this strategic focus, the Fund has cultivated a strong and impactful partnership with Kenya, which stands as ADFD's strategic partner in advancing sustainable development across the African strategic collaboration with Kenya underscores its commitment to enabling rural development through financing impactful transport and energy projects. These investments reflect the UAE's role as an international partner in supporting the economic progress and social development of other the partnership, ADFD has financed a portfolio of development projects in infrastructure, energy, water, health, and education, with a total value of approximately Dh620 million, contributing significantly to Kenya's Vision the Fund's most transformative contributions is the 136-kilometer Nuno–Modogashe Road Rehabilitation Project, which was upgraded from an unpaved track to a fully developed roadway, linking Garissa County to surrounding areas. With a loan of Dh36.7 million, the project resulted in safer and more efficient transportation, bolstered regional commerce, and strengthened social cohesion between rural communities, improving the lives of approximately 200,000 locals in rural road also provided the opportunity for children, particularly girls, to have safe and easy access to schools and education services, as well as improved access to goods and services for families and small business ADFD's funding of the Kenya Rural Electrification Project, with a loan of Dh36.7 million, further highlights its role in advancing inclusive development. By expanding the national grid to reach thousands of homes and public facilities in remote regions, the project has enhanced living conditions, increased economic opportunities, and created a conducive environment for small businesses and agricultural development of power distribution stations and new transmission lines has also ensured reliable access to electricity for schools, clinics, and farms, benefiting over 20,000 efforts are aligned with Kenya Vision 2030 and the UN Sustainable Development Goals, which support the development of pillars including infrastructure, education, healthcare, and inclusive economic growth. ADFD remains committed to investing in impactful development projects across Africa and other emerging regions, with the aim of enhancing the quality of life and empowering communities to build a more resilient and prosperous future.
Khaleej Times
30-03-2025
- Business
- Khaleej Times
Jafza expands logistics park with Dh90 million investment to meet surging demand
Jafza is strengthening its position with a strategic Dh90 million investment in Phase 2 of its cutting-edge Logistics Park, a company statement said. Adding 360,000 square feet of Grade-A facilities, the expansion aligns with the UAE's push to grow its logistics sector to Dh200 billion annually in the next seven years and cements Dubai's role in international trade. The second phase delivers world class infrastructure, including modern offices, customisable units, temperature-controlled warehouses, loading docks, and enhanced power capacity to support diverse industries. Abdulla Al Hashmi, chief operating officer, Parks & Zones, DP World GCC, said: 'The expansion of Jafza Logistics Park reflects our commitment to helping businesses compete globally and simultaneously drive foreign investment into Dubai. Phase 1 was fully leased before completion, highlighting strong demand for quality logistics and warehousing, and Phase 2 takes this a step further - offering flexible, high-quality solutions to support growth in multiple sectors. This brings the total area of Jafza Logistics Park to over 922,000 square feet as we continue to grow our state-of-the-art infrastructure.' With the Middle East and Africa's freight and logistics market set to hit $235.8 billion by 2031, demand for advanced warehousing is accelerating, including in Dubai, where sectors like manufacturing, logistics, construction, and e-commerce are driving unprecedented growth. The newly expanded park is expected to close this gap — offering market access by leveraging Jafza's connectivity with Jebel Ali Port and providing advanced storage and handling solutions including contract logistics, freight forwarding and freight management for everything from tech and automotive parts to fashion and packaged food. It also provides value-added services like packaging, labelling, and quality control, with real-time inventory tracking, and enables re-exports, domestic fulfilment, and import-export consolidation. Designed with sustainability in mind, the park incorporates precast concrete and off-site construction methods to minimise environmental impact, as well as skylights to maximise natural daylight and cut energy consumption. Jafza currently hosts 10,890 companies from 150 countries, supporting over 160,000 jobs and contributing Dh620 billion in trade annually. Phase 1, completed in November 2023, spans 562,507 square feet, featuring Grade-A dry and pharma storage units, temperature-controlled warehouses, and office spaces.
