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.
“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.