NMC Trading Leases 230,000 sq. ft. Warehousing Space at Dubai Industrial City
Warehouse to Support Abu Dhabi Based Group's Logistics Operations Across UAE and Region
Dr. B.R. Shetty (left) and Rashed Al Ansari (right) during the signing ceremony
Dubai: 18 November, 2008 – Dubai Industrial City, a member of Tatweer Dubai, today announced it has signed an agreement to lease 230,000 sq. ft. of warehouse space to NMC Trading, the trading and distribution arm of the New Medical Centre (NMC) Group, one of the most diversified business houses in the UAE.
The agreement was signed by Rashed Al Ansari, Vice-President of Dubai Industrial City, and Dr. B.R. Shetty, Managing Director and CEO of NMC Group.
The deal makes NMC Trading the largest warehouse customer for the leading industrial destination in Dubai, and will help NMC Trading further consolidate and expand its business especially in healthcare, FMCG and retail sectors.
NMC Trading boasts an impressive portfolio of the most renowned and established world-class brands in pharmaceuticals, medical and scientific equipment, as well as in FMCG such as Pfizer, Nivea, Tyco, 3M and Himalaya.
Dr. B.R. Shetty said:
With NMC Trading’s impressive supply chain facility at the new strategically located Dubai Industrial City, we have strengthened the Group’s warehousing and logistics capabilities to offer unparalleled service to our valued worldwide partners and customers within the UAE. As the largest lessee of storage space at Dubai Industrial City, NMC Trading will leverage its dedicated state-of-the art facilities and services to further solidify our position as market leaders in diverse sectors.
Rashed Al Ansari, Vice-President of Dubai Industrial City, said:
The agreement with NMC Trading is in line with our strategy to actively support the industrial sector in the UAE. NMC Trading is one of the largest distribution companies in the country and the presence of such a market leader demonstrates the importance of Dubai Industrial City as a hub, while validating our keenness to serve the business sector’s growing needs for expansion.
Al Ansari pointed out demand has been so strong that warehouse space of 1.5 million square feet offered by Dubai Industrial City has been completely taken up by companies on lease, indicating the tremendous growth of the corporate sector.
He added:
Dubai Industrial City is currently building another set of warehouses offering an additional 1.5 million square feet of storage space, leasing for which will begin by next month.
Ideally located near Jebel Ali Port and adjacent to the new Al Maktoum International Airport, overlooking the main transport gateways and mid-way to Abu Dhabi, Dubai Industrial City’s state-of-the-art warehouse facilities incorporate the highest design safety level.
The 560 million sq. ft. dedicated industrial destination comprises six clusters featuring food and beverage, base metal, mineral products, chemicals, transport equipment and parts, and machinery and mechanical equipment.
Complementary facilities for logistics, warehousing, labour villages, industrial training, in addition to commercial, residential and entertainment zones, position Dubai Industrial City as a comprehensive one stop-shop destination. It provides tenants with a critical competitive advantage in human resources, logistics and business operations.
Notes to Editor
About Dubai Industrial City:
Dubai Industrial City is the third largest non-real estate project in Dubai and is spread across 560 million square feet of land.
The project is the first dedicated industrial destination in Dubai and comprises six industrial clusters featuring food and beverage, base metal, mineral products, chemicals, transport equipment and parts, and machinery and mechanical equipment.
It is located adjacent to the Al Maktoum International Airport (Dubai World Central) and in close proximity to Jebel Ali Port and Free Zone, with easy accessibility to major highways such as Sheikh Zayed Road, Emirates Road and the Dubai Ring Road.
The city is designed on a live, work and play model and offers a multitude of different complimentary facilities and services under its roof, for logistics, warehousing, labour cities, industrial training, in addition to commercial, residential and entertainment zones for schools, residence, shopping centres, recreation and entertainment facilities, as well as furnished apartments and hotels that position Dubai Industrial City as a comprehensive one stop-shop destination.
Dubai Industrial City provides tenants with a critical competitive advantage in human resources, logistics and business operations. The city is expected to accommodate around 500,000 people when it is completed by 2015.
About Tatweer:
Tatweer is a member of Dubai Holding and one of the largest and fastest growing business conglomerates in the region. Tatweer’s name is synonymous with some of the most ambitious developments in Dubai and an equally extensive portfolio of prestigious projects in the pipeline.
Launched in December 2005, Tatweer owns and manages a strategic group of entities across six diverse industry verticals: Leisure and Entertainment, Commodities, Healthcare, Hospitality, Manufacturing, and Real Estate. The operations are strategically grouped under two distinct divisions – Tatweer Dubai and Tatweer Investments.
Tatweer Dubai will focus on project development within the UAE and advance strategic long term partnerships such as Partners-Harvard Medical International; the internationally renowned golfer Tiger Woods; IRCA Global, and Universal Studios. Tatweer Dubai’s entities comprise Dubai Healthcare City (DHCC), the region’s hub for world-class quality healthcare services; Dubailand®, the world’s most ambitious tourism, leisure and entertainment destination; The Tiger Woods Dubai, the exclusive golf community home to the world’s first Tiger Woods designed golf course; Bawadi®, the largest hospitality, shopping and entertainment cluster in the world; Dubai Industrial City, a township to develop Dubai as a leading manufacturing hub; IRCA Middle East, a joint venture with International Risk Control Association IRCA Global, South Africa to provide comprehensive pure risk management solutions to a wide spectrum of industries in the MENA region; Global Village, bringing together 160 different countries showcasing myriad cultures; and the Parks & Resorts DUBAILAND® featuring Universal Studios DUBAILAND®, Dreamworks DUBAILAND®, Six Flags DUBAILAND®, LEGOLAND DUBAILAND®, Marvel DUBAILAND®, Freej DUBAILAND® and HIT Entertainment.
Tatweer Investments will drive Tatweer’s foray into international markets, leveraging its synergy with leading global strategic partners. It will extend Tatweer’s existing intellectual property portfolio and generate innovative IP driven investments and partnerships overseas. The entities under Tatweer Investment’s portfolio include Mizin, pursuing a vision to become the real estate developer of choice in the UAE; Dubai Mercantile Exchange, the premier international commodity futures exchange in the Middle East; and new businesses in the food and beverage industry forged through alliances with leading international brands.
For further information
Agency:
Aseel Nihad
Account Manager
Jiwin the Public Relations
Phone: +971 4 3613584
Email: aseel.nihad@jiwin.ae
Dubai Industrial City:
Nagy Sedra
Assistant Marketing Manager – PR
Dubai Industrial City
Tel: +971 4 3643400
E-mail: nagy.sedra@dubaiindustrialcity.ae