Al Ashram, Aramex ink deal for $20.4m facility
Al Ashram will construct the new facility in full compliance with Dubai’s Green Building Regulations and Specifications
Dubai-based investment firm Al Ashram Investments signed a strategic partnership agreement with logistics provider Aramex to build-and-leaseback its new express courier facility in Dubai.
The new facility costing $20.4m (AED75m) will be located in Umm Ramool area on Dubai Airport Road.
It will be constructed by Al Ashram Contracting on a fast-track build-to-suit basis with an expected completion within seven months.
It has been designed to employ the latest technologies to serve Aramex’s growing customer base more effectively and efficiently, in line with the company’s continuous efforts to upgrade its operations to simplify its customers’ experiences.
Al Ashram will construct the new facility in full compliance with Dubai’s Green Building Regulations and Specifications which aim to create a more sustainable urban environment.
The regulations and specifications stipulate that the construction of buildings should be done in a manner to reduce the consumption of energy, water, and materials, and improve public health, safety, and general welfare. These can be attained by paying careful attention to the planning, design, construction and operation buildings once constructed.
Muhannad Al Ashram, executive director at Al Ashram Investments, said: “It has been a great pleasure working with the UAE’s leading logistics company, Aramex. We are honored to build this innovative and advanced establishment that will surely be recognized as a showcase facility in the region.”
Hussein Wehbe, general manager of Aramex in the UAE, said: “We are pleased to be partnering with Al Ashram Investments in building our new Express Courier Facility in Dubai, which will be Aramex’s first fully automated facility in the region. The facility will be equipped with innovative technologies, for higher capacity, faster sortation process, and reduced transit times. We believe this will allow us to meet the growing customer demand for rapid and more efficient shipment deliveries.”
The new express courier facility would be constructed on a build-to-suit basis as Aramex is the single and reputed occupant of the property.
This will allow Aramex the freedom to include its specific requirements in the construction of the building without owning the property.