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Saleh Abdullah Lootah: Expo 2020 Dubai pushes warehouses demand

Lootah says, rise in demand increased the interest for warehouses and logistics services among Chinese investors

Demand for warehouses on the rise due to Expo 2020 Dubai. [representational]
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Demand for warehouses on the rise due to Expo 2020 Dubai. [representational]

Chief executive officer of Lootah Real Estate Development, Saleh Abdullah Lootah said that Expo 2020 Dubai has boosted the demand for storage space and fulfilment centres, which has increased the interest for warehouses and logistics services among Chinese investors.

In a statement Lootah said: “The warehousing industry offers a huge potential for businesses to effectively expand their reach and save on their rental expenses.”

“Senaeyat continues to receive a great number of inquiries from Chinese investors looking to set-up more businesses in Dubai.”

“We have been receiving a significant number leads, which have been converted to successful meetings and actual deals. Lootah has been serving Chinese businesses for a long time, and with the increase of e-commerce, we expect businesses from China to grow further in the region,” Lootah added.

The company launched the Senaeyat Industrial Hub comprising pre-built warehouses in Dubai Industrial Park, close to the Expo 2020 Dubai site and Al Maktoum International Airport (DWC) in July 2019.

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Construction Week - Issue 754
Nov 23, 2019