Pharma World Holdings (PWH), a key third party logistics (3PL) provider for the pharmaceuticals and healthcare sectors predicts 50 per cent compound year-on-year growth for the next five years based on financial studies factoring in current sales, and expected market share for the company.
The current $5 billion (Dh18.35bn) pharmaceuticals sales, not including medical equipment or supplies, forecast by international consultant houses, to increase to $9bn by 2013 in the Middle East.
Pharma World Holdings, based in Dubai, is one of the few 3PL providers to the pharmaceutical and healthcare sectors in the Middle East. "As a third party logistics provider, Pharma World Holdings is ahead of the curve with the announcement of our new state-of-the-art warehouse facility in the Jebel Ali Free Zone, set to open and operate by May this year," said Maher J Kheder, Business Development Director, PWH.
"With the operation of this new facility we will be able to provide logistics solutions on a wider scale, already having signed with major pharmaceutical companies worldwide which in part facilitates this average 50 per cent growth over the next five years."
He said the Jebel Ali facility would be a powerhouse to the logistics and warehousing for pharmaceuticals. The total land area is more than 9,200 square metres, and almost 60 per cent of that area (5,900sq m) will consist of warehousing space. The main warehousing section will comprise approximately of 3,900sq m with another 600sq m allocated for administrative spaces. The capacity is well more than 15,000 pallets.
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