Agreement will see project being built in three phases over the next five years
The Government of Fujairah has signed a partnership agreement with Minpoint Business Investments and NIRAS International Consultancy to begin the first phase of construction of the Smart Logistics City.
The first phase of the project will be built on a 68,000 square metre area of land and will be completed in three stages over the next five years.
The start of the project’s first phase is planned for the end of 2018, as per the partnership agreement, state news agency WAM reported.
Mohammed Saeed Al Dhanhani, head of the Emiri Court in Fujairah, director-general of the Fujairah Investment Corporation and representative of the Fujairah Government, said: "The emirate’s investment-friendly environment and flexible economic legislations have contributed to the launch of various investment projects, including the Smart Logistics City."
Martin Pedersen, CEOO of NIRAS, added that the Smart Logistics City will provide a "new and innovative way of conducting business in the UAE".
Karol Marcinkowski, chairman of NIRAS, said that the design of the project’s offices, business packages and smart storage systems will make the new business park the prime choice for businesses targeting emerging and local markets.