Centre Point invests AED 100m in UAE and Oman logistics
Centre Point Logistics (CPL) is geared up to commence operations of a new state of the art warehouse at Dubai Logistics Corridor in Dubai South.
The new 242,726sqft warehouse was announced in December 2015, but a series of new storage and warehousing business enquiries pushed the company to complete its construction before the targeted time, CPL said in a statement.
The company says 90% of construction work has been completed. Remaining work will be done by the end of current year. The new facility has consolidated CPL’s foothold in the regional market.
With current total investments of over AED 100 million in warehouse and distribution space of over 3 million square-feet in UAE and Oman, CPL’s turnover is expected to increase to around AED 50 million per year.
Establishing the warehouse at the Logistics Corridor in Dubai South enables CPL to leverage proximity to the Expo 2020 site, Dubai’s Jebel Ali Port, the Al Maktoum International Airport, the world’s largest airport in the making, which gives the company an edge in terms of time saved and significant reduction in operational costs.
Oliver Pesov, the deputy general manager of CPL, said: “The company has always been part of Dubai’s growth story and its futuristic vision. Today Dubai enjoys its position as the favourite place in the Middle East and a significant player in international trading and supply chain.”
“CPL’s substantial investment into its new facility has strengthened company’s operational efficiency and increased its market share,” he added. “The strategic move comes at an opportune time when there is a growing need for solid logistics infrastructure to support the rapidly growing global logistics sector.”
“The latest facility will offer a range of integrated logistics support services; from warehousing, transportation, technical and skilled labour to equipment, and value added services,” he said.
Dubai’s sea-air transport allows transit time of only 15 to 17 days from origin to a destination airport, and savings on cost of as much as 50% compared to pure airfreight.
The ‘Dubai Strategic Plan’ indicates city’s growth is a result of government’s strategy in developing sectors that have been the key contributors to economic growth, including transport and logistics.
This position on the globe has cemented Dubai and the UAE’s place as a leading sea-air multimodal transport hub in the world.