Plan to construct $28-mn warehouse in UAE raises prospects of Indian rice & polymer exporters

SINGAPORE : Companies exporting rice, white goods and polymer from India to the Persian Gulf have got a leg up from a proposal to construct a warehouse in the UAE.

The Singapore-headquartered transportation solutions enterprise, BoxcoWorld FZE recently inked a memorandum of understanding with Dubai-based global maritime major DP World to invest $28 million to construct a modern warehouse in the Jebel Ali Free Zone, a free trade zone in the UAE. The deal was signed by Abdulla Al Hashmi, COO of Parks & Zones, DP World, UAE Region, and Mr. Vir Kotak, Founder of BoxcoWorld.

DP World is an multinational logistics company specialising in cargo logistics, port terminal operations, maritime services and free trade zones. BoxcoWorld FZE specialises in comprehensive multimodal logistics solutions. It has presence in Ahmedabad, Amsterdam, Delhi, Dubai, Houston Mumbai and Singapore; and is planning to increase warehousing presence in GCC countries (especially Saudi Arabia and Oman), East Africa and the United States.