Al Masraf celebrated the groundbreaking of its new building with KIZAD, one of the largest integrated industrial and logistics centers in the Middle Industrial East and a subsidiary of Abu Dhabi ports. The new building will host the first branch for a bank within KIZAD.

The event was attended by Samir Chaturvedi, Chief Executive Officer of KIZAD, Faisal Galadari, Chief Executive Officer of Al Masraf and several senior executives from both parties.

Faisal Galadari, Chief Executive Officer, said: “KIZAD has succeeded in attracting many local, regional and international companies. It’s our privilege to be part of this business community. The new building in KIZAD reflect Al Masraf commitment in supporting the Emirates business community. The corporate and business sector is the key pillar of UAE economic growth and Al Masraf’s growth strategy as well. That is why we continue doing out best to uphold our high ranking. The new services in KIZAD translates Al Masraf’s plans to enhance its presence in the local market and to confirm its commitment to provide its clientele with a banking experience that exceeds the best international standards.

Samir Chaturvedi, Chief Executive Officer of KIZAD, said: “We are delighted to welcome Al Masraf to KIZAD and provide our customers with yet another valuable service that enhances their experience. This also delivers on one of our key pillars – our unwavering commitment to our community. We are creating a supportive environment which includes providing financial services and enhancing a sense of belonging through the introduction of new facilities.”

In addition to the branch, the new Al Masraf building in KIZAD will host the Central Data Center, the construction of the building will be completed in the fourth quarter of 2020.