Centre Point Logistics to open state-of-the-art warehouse at Dubai South
Centre Point Logistics (CPL), Dubai's leading provider of logistics, warehousing, and storage centers, is set to reinforce its local and global market foothold even more with the upcoming groundbreaking of its brand-new state-of-the-art storage facility at the Logistics District in Dubai South.
The 22,550-square-meter center slated to be opened in October 2016reflects the company's ongoing effort to widen its reach and capitalize on the many chances in the quickly growing logistics activities in Dubai and the rest of the UAE, considered the entrance to the world's most progressive markets such as Africa, India, and China.
CPL's newest ambient temperature-controlled warehousing space will offer a vast array of incorporated logistics support services, from warehousing, transport, technical and experienced labor to devices and other operations management. It will be made use of for storage, distribution and other value-added services.
With current total logistics financial investments of over AED 100 million and storage facility and distribution area of over 3 million square feet, CPL's turnover is anticipated to increase to around AED 50 million annually upon the opening of its brand-new facility.
Ahmad Al Ansari, Deputy Chief Operating Officer at Dubai South, said: "CPL's considerable financial investment into its brand-new center will even more to boost the organisation's functional efficiency and enhance its market share and earnings in the long-term. The strategic move comes at an opportune time in that it addresses a growing need for solid logistics facilities to support the advancing the international logistics sector. Dubai South's Logistics District provides the ideal platform to help with CPL's local growth technique and we anticipate a mutually satisfying partnership.".
The UAE is experiencing incredible growth in international freight alongside the expansion of the whole Middle East, where the local need is anticipated to increase by 4.9 per cent by 2016. An industry report launched by Transport Intelligence likewise anticipates a 7.8 percent annual expansion of the Middle East's freight forwarding sector up until 2017. In the UAE, the domestic logistics market is valued at AED 92 billion.
Saleh Abdullah Lootah, CPL Chairman, stated: "Through our brand-new warehouse facility, CPL in partnership with Dubai South will considerably widen its geographical reach to offer premium services to a larger customer base across the world. Our growth complements Dubai's significant financial development for many years, enabling us to support the emirate's growth while taking advantage of brand-new chances in both regional and worldwide markets. Today, Dubai is considered a significant player in international trading and transport logistics and this will mean more rewarding prospects for leading industry players.".
