NMC Trading takes warehouse space in DIC
Dubai, November 18, 2008
Dubai Industrial City has signed an agreement to lease 230,000 sq ft of warehouse space to NMC Trading, the trading and distribution arm of the New Medical Centre (NMC) Group.
The agreement was signed by Rashed Al Ansari, vice-president of Dubai Industrial City, and Dr B R Shetty, managing director and CEO of NMC Group.
The deal makes NMC Trading the largest warehouse customer for the leading industrial destination in Dubai, and will help NMC Trading further consolidate and expand its business especially in healthcare, FMCG and retail sectors, a statement said.
NMC 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 Shetty said: “With NMC Trading’s impressive supply chain facility at the new strategically located Dubai 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 City, NMC Trading will leverage its dedicated state-of-the art facilities and services to further solidify our position as market leaders in diverse sectors.”
Al Ansari said: “The agreement with NMC Trading is in line with our strategy to actively support the industrial sector in the UAE. NMC 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 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 City has been completely taken up by companies on lease.
He added: "Dubai 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 City’s state-of-the-art warehouse facilities incorporate the highest design safety level. – TradeArabia News Service