Mohebi Investments, which is an affiliate of the UAE-based Zainal Mohebi Group, has launched a new logistics unit.

Mohebi Logistics, a Dh1 billion (272 million) investment initiative, is aimed at creating one of the region's biggest supply chain companies, said a company official.

As part of the massive investment envisaged under this ambitious initiative, Mohebi Logistics will establish a Dh200 million state-of-the-art regional logistics hub spread over an area of over 51,000 sq m in Jebel Ali Free Zone (South). This multi-temperature investment facility will be operational by January 2008.

Addressing a press conference in Dubai, chairman and CEO of Mohebi Investments and CEO of Mohebi Logistics Mohammed Mohebi said the Jafza facility will be followed by further investments in line with the company's strategy of creating national and regional infrastructure.

'Our aim is to become one of the most admired and dynamic supply chain management companies in our region and set a benchmark in the region for the provision of total world-class solutions in the retail and FMCG logistics sector. We want to set standards not only in operational excellence, but also in innovation and to create a corporate culture that would lure top talents from the industry,' added Mohebi.

Mohebi Investments has also set up the Alpha Team, a strategic Alliance between Mohebi Logistics, Baqer Mohebi Est., Mohebi Aviation and STI Middle East.

'From an initial outlay of Dh200 million for infrastructure development, Mohebi Logistics plans to make significant investments across the region over the next five years. The second phase for our facility in JAFZA is already at an advanced stage,' said executive director and chief financial officer Ben Jacob.Trade Arabia News Service