Dubai Refreshment Company, the sole franchisee and distributor of PepsiCo products in Dubai and the Northern Emirates, will set up a Dh400 million soft drinks factory and warehouse facility at the Dubai Investments Park (DIP).
DIP, the largest integrated business and residential community in the Middle East, has signed an agreement with Dubai Refreshment, to host the beverage manufacturer's new facility.
Dubai Refreshment has acquired 140,000 square metres of prime industrial land at DIP to build the integrated facility.
The plant will have a capacity of 150 million cases per year - nearly thrice the company's existing capacity. Construction on the plant and warehouse is expected to start by December, and is scheduled for completion in early 2012.
The agreement was signed between Omar Al Mesmar, General Manager of DIP, and Mana Al Mulla, Managing Director of Dubai Refreshment Company.
Al Mesmar said: "DIP is today the most sought-after industrial location in the UAE and has become the preferred logistics hub for companies throughout the region. Despite the difficult market environment, DIP continues to witness strong demand for industrial plots as well as warehouse complexes."
"The new factory and warehouse represent a significant long-term investment for Dubai Refreshment," Al Mulla said.
Dubai Investments Park, which is a subsidiary of Dubai Investments, is the largest mixed-use development in the UAE.
Spread across an area of 32 million square metres, the park is a self-sustaining city within a city consisting of especially developed industrial, commercial and residential zones.
By Staff Writer
© Emirates Business 24/7 2010
