Centre Point Logistics (CPL) announced the ground-breaking of its new warehouse at the Logistics District in Dubai South.
The 22,550 square metre facility, which will open in October 2016, aims to widen the company’s reach and to capitalise on many opportunities as logistics activities in the UAE rapidly grows.
The space will offer a wide range of integrated logistics support services from warehousing, transportation, technical and skilled labour to equipment and other operations management. It will be used for storage, distribution and other value-added services.
With current total logistics investments of over AED100m and warehouse and distribution space of over three million sq.ft, CPL’s turnover is expected to increase to around AED50m per year upon the opening of its new facility.
Saleh Abdullah Lootah, CPL chairperson, 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.”