Dubai-based Centre Point Logistics (CPL), a leading provider of logistics, warehousing and storage facilities, is set to build warehouse facilities over 3 million sq ft area in the UAE and Oman, at an investment of over Dh100 million ($27.2 million).

This move comes as part of CPL's regional expansion plans.

The company is now gearing up to start operations of its new state-of-the-art warehouse at Dubai Logistics Corridor in Dubai South.

Since the groundbreaking of a new 242,726.2-sq-ft warehouse in December last year, a series of new storage and warehousing business enquiries pushed the company to complete its construction before the targeted time.

About 90 per cent of the construction work has been completed, while the remaining work will be done by the year-end, it added.

The new facility has consolidated CPL foothold in the regional market. With current total investments of over Dh100 million ($27.2 million) in the UAE and Oman, CPL’s turnover is expected to increase to around Dh50 million ($13.6 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, 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, deputy general manager of CPL, said: “The company has always been part of Dubai’s growth story and its futuristic vision, which is led by the ruler of Dubai. 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. 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. Dubai South’s Logistics Corridor presents the ideal platform to facilitate CPL’s regional growth strategy.”

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. – TradeArabia News Service