Centre Point Logistics (CPL) is eyeing expansion in Saudi Arabia after establishing operations in Oman.
The Dubai-based company predicts rising demand for flexible warehouse space from third-party logistics companies amid a more challenging global business environment, said the chairman, Saleh Saeed Lootah.
CPL this month struck a deal to manage a 50,000-square-metre plot at Sohar Port and Freezone, with the option to expand if required.
The regional logistics sector has ballooned as investment pours into port free zones such as Jebel Ali, Kizad and Sohar, while land, sea and air-based cargo volumes rise.
Free-zone trade in the UAE rose 7 per cent to Dh269.6 billion in the first half of last year compared to the same period a year earlier, according to data from the Federal Customs Authority.
CPL, which was established in 2005, has an existing 2 million-square-foot hub in Jebel Ali and is now targeting regional growth.
Sohar is attracting increased interest from UAE groups seeking to expand their footprint.
Essa Al Ghurair Investment also struck a long-term deal last week with Sohar to lease a major plot targeted at the food processing sector.
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
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Results
2.30pm: Dubai Creek Tower – Handicap (PA) Dh40,000 (Dirt) 1,200m; Winner: Marmara Xm, Gary Sanchez (jockey), Abdelkhir Adam (trainer)
3pm: Al Yasmeen – Maiden (PA) Dh40,000 (D) 1,700m; Winner: AS Hajez, Jesus Rosales, Khalifa Al Neyadi
3.30pm: Al Ferdous – Maiden (PA) Dh40,000 (D) 1,700m; Winner: Soukainah, Sebastien Martino, Jean-Claude Pecout
4pm: The Crown Prince Of Sharjah – Prestige (PA) Dh200,000 (D) 1,200m; Winner: AF Thayer, Ray Dawson, Ernst Oertel
4.30pm: Sheikh Ahmed bin Rashid Al Maktoum Cup – Handicap (TB) Dh200,000 (D) 2,000m; Winner: George Villiers, Antonio Fresu, Bhupat Seemar
5pm: Palma Spring – Handicap (PA) Dh40,000 (D) 2,000m; Winner: Es Abu Mousa, Antonio Fresu, Abubakar Daud
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KILLING OF QASSEM SULEIMANI
A little about CVRL
Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.
One of its main goals is to provide permanent treatment solutions for veterinary related diseases.
The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery.