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Al Ashram Investments and Aramex Sign Strategic Partnership Agreement
To build Aramex’s new Express Courier Facility in Dubai on a build-to-suit/ leaseback basis
Dubai, XX June 2016 -- Al Ashram Investments, a Dubai-based leading investment firm, announced today that it has signed a strategic partnership agreement with Aramex, a leading global provider of comprehensive logistics and transportation solutions, to build-and-leaseback its new Express Courier Facility in Dubai.
The new facility costing AED75 Million will be located in Umm Ramool area on Dubai Airport Road. It will be constructed by Al Ashram Contracting on a fast-track build-to-suit basis with an expected completion within seven months. It has been designed to employ the latest technologies to serve Aramex’s growing customer base more effectively and efficiently, in line with the company’s continuous efforts to upgrade its operations to simplify its customers’ experiences.
Al Ashram will construct the new Express Courier Facility in full compliance with Dubai’s Green Building Regulations and Specifications which aim to create a more sustainable urban environment. The regulations and specifications stipulate that the construction of buildings should be done in a manner to reduce the consumption of energy, water, and materials, and improve public health, safety, and general welfare. These can be attained by paying careful attention to the planning, design, construction and operation buildings once constructed.
Muhannad Al Ashram, Executive Director at Al Ashram Investments, commenting on the partnership, said: “It has been a great pleasure working with the UAE’s leading logistics company, Aramex. It requires experienced operators to materialize a deal of this scale. This project is rooted in shared core values between Al Ashram and Aramex, such as forward-thinking and a passion for excellence. We are honored to build this innovative and advanced establishment that will surely be recognized as a showcase facility in the region.”
Hussein Wehbe, General Manager of Aramex in the UAE, said: “We are pleased to be partnering with Al Ashram Investments in building our new Express Courier Facility in Dubai, which will be Aramex’s first fully automated facility in the region. The facility will be equipped with innovative state-of-the-art technologies, for higher capacity, faster sortation process, and reduced transit times. We believe this will allow us to meet the growing customer demand for rapid and more efficient shipment deliveries. We will remain committed to investing in innovation as we grow our operations in the UAE.”
The new Express Courier Facility would be constructed on a build-to-suit basis as Aramex is the single and reputed occupant of the property. This will allow Aramex the freedom to include its specific requirements in the construction of the building without owning the property.
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About Al Ashram:
Al Ashram is a leading investment firm that has been at the forefront of growth business and joint ventures in the UAE for more than 40 years. With interest in various sectors, the company continuously strives to establish professionally structured investment opportunities in collaboration with reputable business partners across different industries. Al Ashram’s construction subsidiary, Al Ashram Contracting, is specialized in all aspects of build and construction, with vast experience in delivering complex projects. Working in the region since 1974, Al Ashram has built up an excellent reputation as the construction partner of choice for key players in the private and public sectors.
Aramex (DFM: ARMX) is a leading provider of comprehensive logistics and transportation solutions. Established in 1982 as an express operator, the company rapidly evolved into a global brand recognized for its customized services and innovative multi-product offering. Traded on the NASDAQ from 1997 to 2002, Aramex today is a publicly traded company on the Dubai Financial Market, employing more than 13,900 people in 354 locations across 60 countries and leads a strong alliance network providing global presence, and bringing together 40 independent express companies from around the world. The range of services offered by Aramex includes integrated logistics solutions, international and domestic express delivery, freight forwarding, secure records and information management solutions, and e-services, including e-business solutions and Shop and Ship.
For more information, please visit us at www.aramex.com.
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