Group to Establish PRAN manufacturing plant
The KEZAD Group, recently announced that it has signed an agreement with Emerging World FZC, the sole importer of PRAN-RFL Group’s products in the Middle East region, to establish a PRAN manufacturing plant to cater to local and regional markets.
PRAN’s (Programme for Rural Advancement Nationally) AED 110mn (US$ 30mn) facility, being developed in multiple phases, will spread across more than 42,000sqm in KEZAD with direct access to AD Ports Group’s flagship Khalifa Port. The land lease agreement with KEZAD Group has been signed for a period of 30 years.
With almost a third of PRAN’s (Programme for Rural Advancement Nationally) production capacity from the facility catering to the local market, and 70 percent to be exported to the regional markets, PRAN (Programme for Rural Advancement Nationally) will play a vital role to ensure food security in the region through Abu Dhabi.
“Emerging World FZC shares our mission on the importance of securing national and regional supply chains, in line with the vision of our wise leadership to improve access to affordable healthy diets for people across communities,” remarked Mohamed Al Khadar Al Ahmed, CEO, KEZAD.
“Our agreement with KEZAD Group aims to boost our export to Middle Eastern countries and the establishment of the Emerging World FZC’s manufacturing facility in Abu Dhabi is a significant milestone to expand our business,” Hasan Mahbub, Managing Director, Emerging World.
Headquartered in Dhaka, Bangladesh, PRAN (Programme for Rural Advancement Nationally) PRAN-RFL Group has become one of the largest food and beverage, agribusiness and plastics manufacturers and exporters in South Asia.