Abundance to build solar panel plant in KEZAD

Khalifa Economic Zones Abu Dhabi (KEZAD) Group, the largest operator of integrated economic zones in the UAE, has signed a 50-year land lease agreement with Abundance Solar Panels Industries.

The deal will see the establishment of a state-of-the-art solar panel plant in KEZAD Area A - Al Ma'mourah.

The plant, with an investment of AED 55 mln (USD 14.9 mln), will produce solar panels and integrated photovoltaic modules, catering to businesses seeking to transition to energy-efficient solutions.

1 USD / 3.67 AED