Centre Point Logistics expands base
Senior executives from Centre Point Logistics and Dubai South announce the new 22,550 square metre warehouse set to open in October this year in logistics district. - Supplied photo
Dubai - CPL's turnover is expected to increase to around Dh50 million per year upon the opening of this new facility.
Centre Point Logistics, or CPL, is set to strengthen its regional and global foothold with a new warehouse in the logistics district in Dubai South.
The 22,550 square metre facility is slated to open in October. It reflects the company's aim to widen its reach and capitalise on opportunities in Dubai's logistics activities and the rest of the UAE, considered a gateway to markets such as Africa, India and China.
CPL's temperature-controlled warehouse will offer a range of 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 total logistics investments of over Dh100 million and warehouse and distribution space of over three million square feet, CPL's turnover is expected to increase to around Dh50 million per year upon the opening of this new facility.
Ahmad Al Ansari, deputy chief operating officer at Dubai South, said: "CPL's investment into its new facility will further enhance the organisation's operational efficiency and increase its market share and revenues in the long term. It addresses a growing need for solid logistics infrastructure to support the global logistics sector. Dubai South's logistics district presents the ideal platform to facilitate CPL's regional growth strategy."
The UAE is witnessing growth in international cargo. An industry report released by Transport Intelligence predicts a 7.8 per cent annual expansion of the Middle East's freight forwarding sector until 2017. In the UAE, the domestic logistics market is valued at Dh92 billion.
Saleh Abdullah Lootah, chairman of CPL, said: "Through our new warehouse, 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 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. Today, Dubai is considered a significant player in international trading and transport logistics and this will mean more profitable prospects for leading industry players."