Mohebi Logistics, a subsidiary of Mohebi Investments, has broken ground on its $150m (AED550m) facility in Dubai World Central (DWC), UAE.
The Dubai-based firm’s new hub will be spread over 206,000m2 of land, and will boast a storage capacity of 180,000 pallet positions.
Ultimately, the facility, which is scheduled to complete before the end of 2016, will more than double Mohebi’s existing storage and logistics capabilities, the company has revealed.
Mohammed Mohebi, CEO of Mohebi Logistics and its affiliate Zainal Mohebi Holdings, said: “To stay innovative, you must be willing to constantly re-evaluate how well you work with your business partners. We are proud and excited to become a strategic partner of Dubai World Central, and a key contributor to Dubai’s continued economic growth.
“It is important that Emirati talent and know-how offered by home-grown companies is developed to support our leadership’s vision of creating a knowledge-based economy. Dubai World Central will play a critical role in showcasing both Emirati talent and corporate capabilities, which in my opinion, is crucial in serving our national interests,” he explained.
The logistics firm’s DWC development forms part of a $300m (AED1bn) investment earmarked by its parent company to strengthen Mohebi Logistics’ regional presence. In a bid to consolidate its fast-moving consumer goods (FMCG) operations, Zainal Mohebi Holdings will also relocate to DWC.
By taking advantage of DWC’s infrastructure, transport accessibility, and other services and facilities, Mohebi contends that the move will help to achieve a lean and efficient retail distribution business.
Commenting on the new partnership, HE Khalifa Al Zaffin, executive chairman of Dubai Aviation City Corporation, said: “We are proud to welcome to the DWC family one of the oldest and most exemplary Emirati family business organisations in the UAE – Zainal Mohebi Holdings.
“The company reflects our nation’s ethos of business excellence and progressive culture. We are confident that its corporate and operational growth will not only flourish under the DWC ecosystem, but shall also contribute to it.”