Construction of UAE's Smart Logistics City to begin in 2018
Development works for Phase 1 of the 68,000 sqm project will be completed in three stages over the next five years
A deal has been inked to support the development of Smart Logistics City in the UAE's Fujairah emirate.
The emirate's government inked a partnership agreement with Minpoint Business Investments and NIRAS International Consultancy to start the development of Smart Logistics City's first phase.
Development works for Phase 1 of the 68,000m2 project will commence at the end of 2018, according to the agreement's terms.
Phase 1 will be completed in three stages over the next five years.
Mohammed Saeed Al Dhanhani, director-general of the Fujairah Investment Corporation and representative of the Fujairah Government, said Fujairah was picked to develop the project thanks to its "investment-friendly environment and flexible economic legislation".
Al Dhanhani signed the partnership agreement with NIRAS chairman Karol Marcinkowski, and CEO Martin Pedersen.
The deal was signed in Danish capital, Copenhagen, WAM reported.