Al Meera Consumer Goods Company has signed a formal memorandum of understanding with Regency Group Holding and Aramex Regional, Dubai, to form a joint venture entity that facilitates the “development and operation of logistics facility and services business” in Qatar.
To be known as ‘Aramex Logistics Qatar’, the joint venture is part of Al Meera’s efforts to expand its product and brand offerings in the domestic market.
In the initial stages, a distribution centre would be set up south of Doha on a 91,000sq m plot. The centre is to be built in phases, with the first stage witnessing a 20,000sq m warehousing facility being developed, with plans to quadruple the warehouse in the future phases.
The facility would serve to provide a variety of value-added services, including third party ambient temperature warehousing, third party temperature controlled storage, and other logistical services such as domestic trucking, customs clearance, and express and freight services, according to the MoU.
This warehouse will serve the current requirements, and will cater to future growth as well at competitive rates. Al Meera and its partners would co-manage the design and construction of this and future facilities.
In a statement yesterday the Al Meera management said, “We are very pleased with the opportunity to co-develop and operate a joint venture entity with Regency Group Holding and Aramex Regional, Dubai. This transaction will begin a new era for Al Meera and its shareholders. We are looking forward to continuing the development and optimisation of our existing properties within our proposed business arrangement.”