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Albaddad inks storage expansion deal with NIP

DUBAI, December 4, 2016

Albaddad Capital, a leading economic group, has signed an expansion agreement with National Industries Park (NIP) for a large expansion in its factories located in the industrial park in Dubai, which was previously known as TechnoPark.

Dr Fateen Al Baddad, chairman, Albaddad Capital, signed the agreement in the presence of Zayed Albaddad, Albaddad group CEO.

Albaddad group aims through the expansion to increase the volume of the work and raise the storage efficiency at a 300 per cent growth rate during the next five years, to meet the Emirati market needs and customers’ requirements in the GCC, Africa and Middle East markets, in addition to the market reach in the US and Europe.

The new expansion includes establishing major centre to manage, rent, store and maintenance of the group’s products including portable halls, prefabricated buildings and tents used for all rent purposes and it will be with storage capacity of two million sq m, a statement said.

Sultan Ahmed bin Sulayem, group chairman and chief executive officer, DP World and chairman of Ports, Customs and Free Zone Corporation, congratulated Al Baddad Capital and said: “We are proud to support partners in Dubai such as Al Baddad Capital who add to the UAE’s business development goals.”

“The launch of Al Baddad Capital’s logistics centre marks the continuation of their growth locally and in the wider region. The quality of their product and service offering, matched with the strategically located National Industries Park to provide seamless multi-modal connectivity, will give them even greater access to global markets. The park’s close proximity to DP World’s flagship Jebel Ali Port, which is also the world’s most productive and among the most technologically advanced, and Al Maktoum International Airport, allows for swift, uninterrupted services and movement of goods.”

“In line with the Dubai Industrial Strategy, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, we are focused on attracting organisations from across industry sectors to contribute to economic development and the growth of Dubai as an international business destination,” he added.

Dr Fateen Al Baddad, chairman, Albaddad Capital said: “The signing of the expansion agreement and other related work plans reflect Albaddad Capital's orientation to confirm the group position as leading economic group specialised in providing modern external solutions, temporary buildings and relief units and transform it to global industrial centre.

“Albaddad Capital will continue implementing the plans to establish its integrated park following the slogan “World under one roof”.

Since its launch in 1991, the company has expanded its portfolio to inlcude portable halls, prefabricated buildings, infrastructural and technology services.


Zayed Albaddad, Albaddad group CEO said: “The new expansion is an extension of the investment strategic investment programmes and projects which were launched in the middle of the current year, and we have start to adopt the most advanced planning solutions for the organisation's resources, in line with highest followed global standards." – TradeArabia News Service




Tags: nip | National Industries Park |

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