Dubai-based investment firm Al Ashram Investments has signed an agreement with logistics company Aramex to build-and-leaseback its new Express Courier Facility in Dubai.
Located in Umm Ramool area on Dubai Airport Road, the facility will be constructed by Al Ashram Contracting within seven months at an expected cost of AED75mn ($20.4mn).
The new Express Courier Facility would be constructed on a build-to-suit basis as Aramex is the sole occupant of the property.
This will allow the logistics the freedom to include its specific requirements in the construction of the building without owning the property.
It has been designed to employ the latest technologies to serve Aramex’s growing customer base more effectively and efficiently.