Gulf Construction Online - Albaddad inks expansion deal with NIP

Industrial Construction

Dr Al Baddad and NIP officials ... at the signing ceremony.

Albaddad inks expansion deal with NIP

01 January 2017

Albaddad Capital, a leading economic group, has signed an agreement with National Industries Park (NIP) for a large expansion of its factories located in the industrial park in Dubai, which was previously known as TechnoPark.

Dr Fateen Al Baddad, chairman of Albaddad Capital, signed the agreement in the presence of Zayed Al Baddad, Albaddad group CEO.

Through the expansion, Albaddad group aims to increase its business and boost its storage efficiency by 300 per cent over the next five years, to meet the UAE market needs and customers’ requirements in the GCC, Africa and Middle East markets, in addition to extending its market reach in the US and Europe.

The new expansion, with a storage capacity of two million sq m, includes establishing a major centre to manage, rent, store and maintain the group’s products including portable halls, prefabricated buildings and tents used for rental purposes.

Sultan Ahmed bin Sulayem, group chairman and chief executive officer, DP World and chairman of Ports, Customs and Free Zone Corporation, congratulated Al Baddad Capital and said: “The launch of Al Baddad Capital’s logistics centre marks the continuation of their growth locally and in the wider region. The quality of their product and service offering, matched with the strategically located National Industries Park to provide seamless multi-modal connectivity, will give them even greater access to global markets.

“The park’s close proximity to DP World’s flagship Jebel Ali Port – which is also the world’s among the most technologically advanced facilities of its kind – and Al Maktoum International Airport, allows for swift, uninterrupted services and movement of goods.”

Dr Al Baddad said: “The signing of the expansion agreement and other related work plans reflect Albaddad Capital’s aim of establishing the group as a leading economic entity specialised in providing modern external solutions, temporary buildings and relief units and transforming it to global industrial centre.”