BoxcoWorld FZE has signed a Memorandum of Understanding with DP World to invest AED 100 million in the construction of a cutting-edge warehouse facility in Jebel Ali Free Zone (JAFZA). The agreement was signed by Abdulla Al Hashmi, COO, Parks & Zones, DP World, UAE Region, and Vir Kotak, Founder, BoxcoWorld.
The new facility will cater to the warehousing demands of its existing customers, providing them with a state-of-the-art facility equipped with one-window logistical solutions. The industrial bloc will offer sorting and repackaging services for imported waste paper, primarily from the USA and Europe. After the sorting and repackaging process, the waste paper will be re-exported to markets in the Indian subcontinent and Far East Asian regions. The facility is projected to have a throughput of approximately 15,000 TEUs.
Additionally, a 40,000 CBM robotic racking system for Polymers will be created, a unique and pioneering initiative set to be the first of its kind in the GCC.
The warehouse facility will serve as the ideal destination for customers to efficiently manage their import and export cargo with minimal delays when connecting to and from vessels. It will also be efficiently equipped to provide customisable on-site storage solutions tailored to the unique requirements of clients and their business needs. The facility will foster closer relationships with existing and prospective clients, enabling the company to gain a deeper understanding of specific customer needs and challenges in the import, export, and trading sectors.
The industrial bloc of the facility will provide sorting and repackaging services of imported waste paper coming in from USA and Europe. After sorting and repackaging, the waste paper will be re-exported to Indian subcontinent and Far East Asian markets.