GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share
  • The facility consolidates CPL's foothold in UAE's Dh86 billion logistics market
  • UAE logistics sector is expected to grow by 4 per cent, with a compound annual growth rate (CAGR) of 5.7 per cent between 2015 and 2020
  • CPL is mulling cost effective solar energy sources to reduce dependency on expensive traditional electricity supply
  • 25 per cent of the GCC's Dh 171 billion logistics market is spent on warehousing

Dubai, UAE, April 16, 2017
The Centre Point Logistics (CPL), Dubai's leading provider of logistics, warehousing and storage facilities, today announced the commencement of operations of its newly built Dh60 million state of the art warehouse at Dubai Logistics Corridor in Dubai South.

With current total investments of over AED100 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, the company statement said.

The 242,726.2ft² warehouse further consolidates CPL's foothold in Dh86 billion logistics market of the UAE, in overall GCC market of worth Dh171 million. Establishing the warehouse at the Logistics Corridor in Dubai South enables CPL to leverage proximity to 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 saving and significant reduction in operational costs for its clients.

Oliver Pesov, Deputy General Manager of Centre Point Logistics (CPL), commented:

“Our new state-of-the-art warehouse facility has been built based on our study of local and international market requirements from every angle. We are fully LEED certified logistics provider. We are also in discussion with suitable solar energy contractors who are checking the possibilities of installing solar panels on the rooftop of the warehouse in order to reduce or avoid the consumption of traditional electricity. Operationally, the facility can be single or multiuser, supporting indoor and outdoor storage as well as dedicated area for value added services like, labelling, packing, re-packing and allied services.”.

A report published by Frost & Sullivan last year forecasted, the UAE logistics sector is expected to grow by 4 per cent, with a compound annual growth rate (CAGR) of 5.7 per cent between 2015 and 2020. The key drivers of the industry are Expo 2020, national logistics development plans, and trade with Asia and Sub-Saharan African countries.

Around 25 per cent of the GCC's Dh 171 billion market is spent on warehousing. Centre Point Logistics (CPL), with its pioneering Open Architecture model currently operates from several locations in UAE. CPL's logistics hub in Jebel Al Free Zone, spanning over 44,000sqm,existing logistics hub in DWC, spanning over 83,000sqm and a storage facility in Hamriyah Free zone in Sharjah spanning over 30,000 sqm. All three facilities are providing storage, handling and Value Added Services (VAS) to the logistics and supply chain customers.

“The new facility consolidates CPL foothold in the UAE logistics market, a reliable partners for Al Maktoum International Airport and Expo 2020 customers. It reinforces company's commitment to its customers for providing the quality services.” Oliver concluded.

Outside UAE, the company acquired 50,000 square-metre logistics facility at Sohar Port and Freezone in Oman two years ago. CPL considers it a milestone because it gives wider access to the GCC market, including Saudi Arabia which has a link to road Sohar Port. With its strategic location and road linkages to UAE, Oman and Saudi Arabia, Sohar Freezone offers its clients the most efficient and cost effective services. The road distance between Dubai and Sohar, via Hatta, is just 240 kilometres and the drive time is two hours and 36 minutes.

The UAE pouring billions across its logistic sector with investments made in economic free zones, airports, and ports. Dubai is developing Dubai World Central (new name: Dubai South), which is already home to super hub airport Al Maktoum International and connects with DP World's flagship port Jebel Ali. While Abu Dhabi is developing the Midfield Terminal Complex at Abu Dhabi International Airport and continues to invest in its new flagship industrial zone and port, Kizad and Khalifa Port.


Posted by : GoDubai Editorial Team
Viewed 11858 times
Posted on : Sunday, April 16, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Panache International partners with RSA Logistics for HORECA operations and management
Next Story : World's first reinforced Arc7 class LNG carrier maiden port calls go smooth as ice, thanks to GAC Ru...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
SOUQ.com hosts two-day Samsung carnival with incredible offers on Mobiles, Weara...
Glamazle.com promises customers the perfect wings with its assortment of eyeline...
Protect your hair this summer with SachaJuan's Over Night Hair Repair
Perfect Fragrances to Celebrate Eid
100 New Ways to Transform Your Home With the New Ikea Catalogue
Next Major Smartphone From LG to Feature First-Ever OLED FullVision Display
LG V30 to Elevate Smartphone Camera to New Heights
Da Vinci With Moon Phase: Homage to an Icon
Eberhard & Co. SCAFOGRAF 300 timepiece
Michael Kors Access Expands With New Smartwatches, New Apps, New Faces and New M...
GCC's premium home appliance market to thrive with LG SIGNATURE
RAYMOND WEIL: Distinctive Freelancer 1212 Automatic for the elegant man
Michael Kors Debuts New Bancroft Handbag Collection
COÉGA Sunwear Launches Contemporary Autumn/Winter '17 Conservative Swimwear
Introducing the Fall 2017 GUESS Accessories Collection Advertising Campaign
A Post-Summer Pigmentation Saviour from MZ SKIN
SAINT HONORE: Opera resplendent with refreshing burst of freshness makes ideal E...
BOVET artisans introduce new dial materials Aventurine and Meteorite
Six Down, Two to Go - ADSB Keeps Up Pace in Delivering Ships to Kuwait
GROHE Blue Home – the private watersource for ultimate taste and enjoyment
The Ritual of Karma
Eid Al Adha with Paule Ka Fall-Winter '17
Malabar Gold & Diamonds receives Gemfield's ‘Retail Jeweller India Award'
Emily Ratajkowski wears Salvatore Ferragamo eyewear
Global Jewellery Retail Chain Joyalukkas signs Award-Winning Bollywood Actress K...
UAE is likely to see increased cashless transactions by 2020: Xpress Money's Str...
International SOS and Control Risks Advise Pilgrims Worldwide Ahead of Hajj 2017
Chronoswiss Regulator Classic Date in new size and with magnified date
ADNOC Distribution Announces New Retail Price of Unsubsidised LPG for Month of August
New UAE Space Agency Board of Directors Holds First Meeting
ICONIC announces ICONIC KIDS- Born Different
Zenith Chronomaster El Primero Full Open
Patrimony Collection Excellence Platine
Oasis Mall Brings Solar System to Life with Kids' Planetarium
The Government of Rajasthan & GEMS Education Announce Outcomes of the Inaugural ...
Dubai Land Department's ‘Ejari' smart application protects the right of all parties
Dubai Health Authority focusses on developing national talent in the health sector.
Turkish Airlines' cross-continental flights are more comfortable now with the ba...
Highly Anticipated Audemars Piguet Royal Oak Extra-thin Arrives in the Middle East
Entries open for ninth annual MEPRA Awards
Win prizes worth over AED 2million with Al-Futtaim's retail brands
Abu Dhabi Ports seals strategic partnership with Healthpoint for wellness-coachi...
UAE Team Emirates to Make Vuelta a España Debut
Dubai Chamber hosts workshop on VAT compliance in UAE retail sector
Growing appetite for seafood drives demand at Middle East's largest dedicated se...
Dubai Land Department Awarded Two ISO Certificates in Quality and Environmental ...
Ministry of Climate Change and Environment to Supply 9,500 Tons of Fertilizers t...
Dubai Culture Hosts Calligraphy Workshop in Erada Centre for Treatment & Rehab
"WATHIQATI" Receives the highest number of documents since its launch ...
AED 21 Billion Worth of Dubai Real Estate Projects Launched Since the Beginning ...