· Company signed lease agreement with Sohar Freezone
· CPL will start its Oman operations with 50,000sqm of land
· Sohar Freezone will be a step towards CPL KSA expansion
Dubai:
Centre Point Logistics, Dubai’s leading provider of logistics,
warehousing, and storage, has expanded its operations in the GCC after a
deal was signed with SOHAR Port and Freezone in the Sultanate of Oman.
The
agreement will see CPL manage a 50,000sqm plot of land on the Freezone,
and represents the first phase of expansion into KSA. It is also a
significant coup for the Omani port authority, as UAE firms seek to take
advantage of competitive energy and land rates, and transport links to
KSA from outside the Strait of Hormuz.
Centre
Point Logistics, with its pioneering Open Architecture model currently
operates from several locations in UAE. CPL Logistics Hub in Jebel Al
Free Zone, spanning over 200,000sqm, provides various value-added
services to the logistics and supply chain sector and boasts an
impressive range of local and global customers.
Saleh Saeed Lootah, Chairman of Centre Point Logistics, commented:
“With
our local and regional growth and changing dynamics of UAE logistics
and supply chain market, there has arisen a more challenging business
environment that needs ‘out-of-the-box’ thinking in order to provide
more tailored solutions that meet the changing needs of customers. From
the time business negotiations began, CPL has received a welcoming
response from SOHAR Freezone and we’re excited to start operations.”
“We
are glad that we have found what we consider the best possible solution
for our customers, who have businesses in UAE and Oman. We believe that
SOHAR Freezone will be a step towards CPL KSA expansion and serving
both markets with our unique Open Architecture model,” he added.
With
its strategic location and road network linking UAE, Oman, and Saudi
Arabia, the agreement with SOHAR Freezone was described as a milestone
expansion for CPL and will enable the company to offer its clients the
most efficient and cost effective services. The road distance between
Dubai and Sohar, via Al Ain, is just 243 kilometers and the drive time
is two hours and 36 minutes. The business benefits are also
comprehensive.
CPL
plans to have its Oman Logistics Hub ready at the beginning of
first-quarter of 2015, and will offer its services to local as well as
to international companies. CPL also plans to grow its operations in
Oman, from the initial with 50,000sqm of land, with the option to
strengthen its footprint in the country in the near future.
As
in Dubai, CPL will dispatch a highly skilled operational team to SOHAR
Freezone, where it will serve the company’s Oman-based customers with
added-value services that cater to new and existing customers.
Centre
Point Logistics (CPL) was founded in 2005 by its visionary chairman
Saleh Saeed Lootah, who is also the Executive Director of well-known UAE
business conglomerate S.S. Lootah Group, established in 1956.
