| 18 Nov 2008 |
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NMC Trading Leases 230,000 sq. ft. Warehousing Space at Dubai Industrial City
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Warehouse to Support Abu Dhabi Based Group's Logistics Operations Across UAE and Region
Dubai: 18 November, 2008 - Dubai Industrial CityDubai Industrial City
, a member of Tatweer Dubai, today announced it has signed an agreement to lease 230,000 sq. ft. of warehouse space to NMCNMC Trading, the trading and distribution arm of the New Medical Centre (NMC) GroupNew 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 CityDubai Industrial City, and Dr. B.R. Shetty, Managing Director and CEO of NMCNMC Group.
The deal makes NMCNMC Trading the largest warehouse customer for the leading industrial destination in Dubai, and will help NMCNMC Trading further consolidate and expand its business especially in healthcare, FMCG and retail sectors.
NMCNMC
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 NMCNMC Trading's impressive supply chain facility at the new strategically located Dubai Industrial CityDubai 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 CityDubai Industrial City, NMCNMC 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 CityDubai Industrial City
, said: "The agreement with NMCNMC Trading is in line with our strategy to actively support the industrial sector in the UAE. NMCNMC 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 CityDubai 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 CityDubai Industrial City has been completely taken up by companies on lease, indicating the tremendous growth of the corporate sector.
He added: "Dubai Industrial CityDubai 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 CityDubai Industrial City's state-of-the-art warehouse facilities incorporate the highest design safety level.
Complementary facilities for logistics, warehousing, labour villages, industrial training, in addition to commercial, residential and entertainment zones, position Dubai Industrial CityDubai Industrial City as a comprehensive one stop-shop destination. It provides tenants with a critical competitive advantage in human resources, logistics and business operations.
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© Press Release 2008
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