Transworld Logistics Park has opened a Dh16m warehouse in the final phase of extension of its logistics centre in Jebel Ali Free Zone.
The new warehouse brings the total storage capacity of the company to 24,500 palettes in the 24,000 square metre logistics complex. When the complex was launched in 2006, the company had 9,500 palettes.
With an overall cargo capacity of more than 1,620 TEUs (twenty-foot equivalent units) and a 10.8-metre high-double deep-racking system, the facility also incorporates 22 loading and unloading bays with hydraulic dock levellers and large staging areas for special cargo handling. It also has an additional 2,000-sqm covered dutch barn and a 4,500-sqm open storage yard.
Ramesh Ramakrishnan, Chairman of Transworld Group of Companies, said: “We intend to address the current surge in demand for outsourced logistics in Dubai through the expansion of our logistics centre in Jebel Ali, where we are now better equipped to offer complete supply chain and distribution solutions.”
Logistics Park has grown by more than 90 per cent in capacity and 60 per cent in revenue since its launch two years ago.
Ramakrishnan said Transworld’s decision to strengthen operations follows Dubai’s emergence as a major distribution and transshipment hub for India, Middle East, Africa and Europe.
He said the global outsourced logistics market is projected to reach $590bn (Dh2,165bn) by 2010 and Transworld expects revenues to grow more than 30 per cent this year.
Rajesh Mukherjee, general manager of Transworld Logistics Park, said: “With the Jebel Ali port expecting a throughput of more than 14 million TEUs this year, we expect demand for storage to triple and that will make it easy to achieve our target.”