Sunday, 4 December 2016

“Albaddad Capital” signs expansion agreement with National Industries Park ” with storage capacity reaches 2 million square meter


Dubai 4 December 2016
Albaddad Capital, the leading economic group specialized in providing modern external solutions, temporary buildings and relief units, has announced a large expansion in its factories, which located in the national industries Park , and extends to 500.000 square feet.
Dr. Fateen Al Baddad. Chairman, Albaddad Capital has signed the agreement with National Industries Park , in Late Haj Hussein Albaddad Hall located in Albaddad Capital headquarter within National Industries Park , in presence of Zayed Albaddad, Albaddad group CEO.
Albaddad group aims through the expansion to increase the volume of the work and raise the storage efficiency which equal 300% growth rate during the next five years, to meet the Emirati market needs and customers’ requirements in GCC, Africa and Middle East markets, in addition to the market reach in USA and Europe.
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.
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 on their new facility at the National Industries Park and commended them on their local and international achievements.
Mr. Bin Sulayem said:
“We are proud to support partners in Dubai such as Al Baddad Capital who add to the UAE’s business development goals. 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 most productive and among the most technologically advanced, and Al Maktoum International Airport, allows for swift, uninterrupted services and movement of goods.” 
He added:
“In line with the Dubai Industrial Strategy, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, we are focused on attracting organisations from across industry sectors to contribute to economic development and the growth of Dubai as an international business destination.” 
Dr. Fateen Al Baddad. Chairman, Albaddad Capital expressed his pride to promote the collaboration with the National Industries Park , and continues work with the Park  to support the sustainable economic development journey in UAE. He thanked the Park  management for their distinctive efforts supporting the investors and other provided services and opportunities in this regard.
“The signing of the expansion agreement and other related work plans are reflecting Albaddad Capital orientation to confirm the group position as leading economic group specialized in providing modern external solutions, temporary buildings and relief units and transform it to global industrial center” Dr. Fateen said.
“Albaddad Capital will continue implementing the plans to establish its integrated Park  following the slogan “World under one roof”. So after engaging various industries and investments, following our expanding plans launched in 1991, to connect the production lines from portable halls, prefabricated buildings, infrastructural and technology services. We will continue the development stages started in the middle of current year through expanding our industries in the National Industries Park , aiming to implement the sustainability of the production development plans and strengthen our markets besides providing all the requirements in the work market with most recent models and competitive prices to ensure highest quality levels” He confirmed.
“The group is implementing integrated studied plans to develop the work volume in the region” Zayed Albaddad, Albaddad group CEO said. “The new expansion is an extension for the investment strategic programs and projects implemented within our development plans which launched in the middle of current year, and start to adopt most advanced planning solutions systems for the organizations resources, in line with highest followed global standards and commencing administrative re-structuring in its companies” He explained.
“The group will support the expansion plans in the local and regional markets, to meet the increasing demand on the   
products in those markets, where its program ensure allocating the new expansion space as major center to manage the rent and store of the products, which should serve the customers in UAE and GCC. It will be a shipping terminal to Africa” Albaddad Capital CEO said. “The new expansion will achieve a qualitative move within the group share in the local market and the volume of our exports to external markets” He pointed out.
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