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

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.

Ranju Warrier
Story Relations: 
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Lootah: 68% of property investors buoyed by UAE permanent residency
2019 CW Power 100: Saleh Abdullah Lootah of Dubai's LRED is #79
Published Date: 
Thursday, November 28, 2019 - 16:00
Modified Date: 
Thursday, November 28, 2019 - 14:03

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