CPL expects AED50m boost from Dubai South investment
Centre Point Logistics (CPL) has announced that it will open a warehouse in Dubai South in October 2016.
The 22,550-sqm ambient temperature-controlled facility will be situated in Dubai South’s Logistics District.
CPL will offer a range of logistics services from the site, including warehousing, transportation, and the management of labour, operations, and equipment.
Commenting on the warehouse, Ahmad Al Ansari, deputy chief operating officer at Dubai South, said: “CPL’s significant investment into its new facility will further enhance the organisation’s operational efficiency and increase its market share and revenues in the long term.
“The strategic move comes at an opportune time in that it addresses a growing need for solid logistics infrastructure to support the [advancement of] the global logistics sector. Dubai South’s Logistics District presents the ideal platform to facilitate CPL’s regional growth strategy and we look forward to a mutually rewarding partnership,” he added.
At present, CPL boasts logistics investments of over $27m (AED100m), with warehouse and distribution space totalling more than 27ha. The logistics firm anticipates an increase in turnover of around $13.6m (AED50m) following the opening of its Dubai South facility.
Saleh Abdullah Lootah, chairman of CPL, said: “Through our new warehouse facility, CPL – in partnership with Dubai South – will significantly widen its geographical reach to provide high-quality services to a larger customer base across the world.
“Our expansion complements Dubai’s tremendous economic development over the years, enabling us to support the Emirate’s growth while taking advantage of new opportunities in both local and international markets.
“Today, Dubai is considered a significant player in international trading and transport logistics, and this will mean more profitable prospects for leading industry players,” he concluded.