Jaleel Holdings will build new facilities to boost regional wholesale trade
Dubai Wholesale City (DWSC) has announced that Jaleel Holdings, the UAE’s largest fast moving consumer goods (FMCG) wholesaler, will construct a cash and carry facility with an investment value of AED100 million ($27 million).
Spanning an area of 300,000 square feet, the premises will include a fully integrated direct sale warehouse accommodating more than 250 employees, as well as a flagship store, storage and cooling facilities and manpower accommodation in the DWSC labour villages, a statement said.
The agreement was signed on the sidelines of DWSC’s participation in Gulfood 2018, in the presence of Abdulla Belhoul, CEO of Dubai Wholesale City, Saud Abu Al-Shawareb, COO of Dubai Industrial Park, and Sameer K Mohammad, managing director of Jaleel Holdings.
Belhoul said: “We remain committed to accelerating the development of the trade and manufacturing sectors in Dubai and the wider UAE, and helping our business partners build and grow their businesses.
“We welcome Jaleel Holdings to Dubai Wholesale City. We are confident that their new facility will benefit from DWSC’s strategic location and superior infrastructure to enhance their position in the market and contribute to their growth story.”
Mohammed added: "We are pleased to partner with Dubai Wholesale City and believe that this new facility will help us to expand our presence in the region and strengthen our status as a pioneer in food trading.”
According to the GCC Food Industry Report 2017 from investment bank Alpen Capital, the food industry remains one of the highest growing sectors in the UAE with food consumption projected to grow by 4.4 percent to reach 10.1 million metric
tonnes by 2021.