Dubai Wholesale City inks deal for $27m cash and carry facility
Dubai Wholesale City (DWSC) has announced that it will host a $27m (AED100m) cash and carry facility to be built by Jaleel Holdings
Dubai Wholesale City (DWSC) has announced that it will host a $27m (AED100m) cash and carry facility to be built by Jaleel Holdings, the UAE’s largest fast moving consumer goods (FMCG) wholesaler.
The facility, which will span 28,000m2, will include a direct sale warehouse accommodating more than 250 employees, a flagship store, storage and cooling facilities, and manpower accommodation in the DWSC labor villages.
The facility will become Jaleel Holdings’ largest upon completion in what will be the region’s largest fully integrated wholesale hub.
The agreement was signed on the sidelines of DWSC’s participation in Gulfood 2018, in the presence of Abdulla Belhoul, CEO of Dubai Wholesale City, Saud Abu Al-Shawareb, COO of Dubai Industrial Park, Sameer K Mohammad, managing director of Jaleel Holdings, and senior management teams from the entities.
Abdulla Belhoul said: “Dubai Wholesale City offers a comprehensive, modern, and well-integrated infrastructure and facilities that optimizes the production and distribution of products.
“We remain committed to accelerating the development of the trade and manufacturing sectors in Dubai and the wider UAE, and helping our business partners build and grow their businesses.”
The food industry remains one of the highest growing sectors in the UAE with food consumption projected to grow by 4.4% to reach 10.1 million metric tonnes by 2021, according to a 2017 report by Alpen Capital.
Sameer Mohammed of Jaleel Holdings said: “Today, especially in light of the strong competition in the UAE market, every entity is keen to achieve excellence and efficiency in production, distribution, and transportation in order to keep up with the development goals and targets of the country.”
“In this regard, a fully-integrated destination such as Dubai Wholesale City supports the aspirations of business operators and investors with its offering of smart solutions and superior infrastructure,” Mohammed added.
Jaleel Holdings is one of the largest FMCG wholesale companies in the region.