Mubasher: Albaddad Capital signed an agreement with National Industries Park (NIP) for an expansion in its factories situated in the NIP, according to a statement.
“The new expansion includes establishing major center to manage, rent, store and maintenance of the group’s products from portable halls, prefabricated buildings and tents used for all rent purposes, it will be with storage capacity of 2 millions square meter,” the statement highlighted.
The expansion aims to raise the work volume, as well as the storage efficiency which equal 300% growth rate in the coming five years.
Albaddad’s product quality and service offering, in line with the strategically located NIP to provide seamless multi-modal connectivity, will give them even greater access to global markets, according to Sultan Ahmed bin Sulayem, Group’s chairman and CEO, DP World and chairman of Ports, Customs and Free Zone Corporation.
“The park’s close proximity to DP World’s flagship Jebel Ali Port, which is also the world’s most productive and among the most technologically advanced, and Al Maktoum International Airport, allows for swift, uninterrupted services and movement of goods.”
