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Abu Dhabi Ports and NCC sign Musataha agreement
Abu Dhabi, UAE: Abu Dhabi Ports has signed a Musataha agreement with National Catering Company (NCC) Group of Companies, one of the largest organisations in the UAE, specialising in catering, facilities management and the retail Food and Beverage (F&B) sector.
The agreement secures the NCC Group of Companies a 25,000-sqm plot of land in the Khalifa Industrial Zone (Kizad) where NCC will invest approximately AED 50 million to set up its new central production unit, laboratories and warehousing logistics hub, including a new headquarter.
The new plant will allow NCC to further expand on its food processing business and its catering service provisions offered to government and private organisations predominantly within the local market, ranging from oil and gas companies to labour cities, as well as Engineering, Procurement and Construction (EPC) contractors.
On the warehousing and logistics side, NCC will triple its storage capacity at Khalifa Industrial Zone. By doing so, it responds to the increasing needs of the company while ensuring that products are always readily available for its growing customer base. NCC will also use the new location as a hub for a
new online delivery platform, which is currently being developed, to enhance its customers' experience and convenience through its new digital supermarket brand Souq Planet.
"With NCC, we welcome another strong business partner to Khalifa Industrial Zone. By locating its new facilities in the industrial zone, NCC will be able to optimise its distribution activities and maximise supply chain efficiencies as a direct result of the industrial zone's excellent infrastructure and intermodal transportation networks," said Capt. Mohamed Juma Al Shamisi, CEO, Abu Dhabi Ports.
"By being located in Taweelah, right between Abu Dhabi and Dubai, we will significantly expand our reach to customers in both emirates and strengthen our market position. With our advanced technologies and increased storage capacity, the new production plant will give us the opportunity to further broaden our service offerings and deliver high quality products in line with international standards and the company's new strategy," said Tarek El Goweiny, CEO, NCC.
NCC is headquartered in Abu Dhabi and has more than 15 branches across the Emirate, including the Western Region. The company also has an international presence in Kuwait and Yemen.
NCC's new plant at Khalifa Industrial Zone is expected to commence operations by Q4 2016.
About Abu Dhabi Ports
Established in 2006, Abu Dhabi Ports' core objective is to facilitate the diversification of the economy by stimulating trade and development. This is done by delivering high quality maritime services, supporting partners' infrastructure projects and setting up new companies and joint ventures in the ports and logistics sectors.
The flagship state-of-the -art Khalifa Port and Khalifa Industrial Zone play a big role, supporting the diversification of the economy. Khalifa Port was inaugurated on 12/12/12 by UAE President HH Sheikh Khalifa bin Zayed Al Nahyan. The port's semi-automated container terminal handles all of Abu Dhabi's container traffic, after its transfer from Zayed Port, the historic port in the city centre.
Phase One of Khalifa Port has a capacity of 2.5 million TEUs and 12 million tons of general cargo. Further phases of development will occur as market demand requires. When all phases are complete, Khalifa Port will be able to handle 15 million TEUs and 35 million tons of general cargo per year.
Abu Dhabi Ports manages nine commercial, logistics, community and leisure ports, and Khalifa Industrial Zone which is serving a range of logistics and manufacturing investors. Abu Dhabi Ports is boosting Abu Dhabi's economic growth and diversification, following Abu Dhabi's Economic Vision 2030.
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About NCC
NCC was established in 1990 and witnessed a management buyout in 2000. The organisation operates in the fields of industrial catering, facilities management, food supplies, supermarkets and cafes under the Souq Planet and Lavanda brand names respectively, as well as diet management services under the trade name Slim'n Lite, primarily out of the Emirate of Abu Dhabi and the Northern Emirates.
The company serves a wide range of customers in the Oil & Gas, Construction, Healthcare and Government sectors. The company captures a large share in the market through its extensive products and services.
Over the years, NCC has invested heavily in human talent, technology, logistics, health, and numerous value-added services, making it one of the rare companies in the market that can offer one-stop-shop turnkey solutions to its clients in the field of support services. Today, NCC employs over 6,000 employees.
NCC has also expanded into Kuwait and, most recently, Yemen. Furthermore, the organisation operates Al Raha International Integrated Facilities Management LLC, a joint venture partnership with Aldar PJSC, to provide catering and facilities management services for the Al Raha and Yas Island developments.
NCC also carried out a private placement in late 2014, whereby a consortium of prominent Abu Dhabi-based investors participated in the acquisition of a 50% equity stake in the company.
© Press Release 2015
