Americold Partners with RSA Cold Chain and DP World to Bring a New State-of-the-Art Cold Chain Logistics Platform to Dubai
December 12 2023 - 4:05PM
Americold Realty Trust, Inc. (NYSE: COLD), through its joint
venture RSA Cold Chain in Dubai, today announced plans to build and
operate a new $35 million, state-of-the-art cold storage facility
with 40,000 pallet positions, in the Jebel Ali Free Zone (Jafza) in
the Port of Jebel Ali in Dubai. This investment builds on the
strategic collaboration between Americold and DP World, the leading
provider of worldwide smart end-to-end supply chain logistics with
a global port infrastructure.
The new facility will offer multi-temperature capabilities and
connect to DP World’s best-in-class logistics solutions. Earlier
this year, RSA Cold Chain entered into a long-term land lease
agreement with DP World to support this development. Construction
will start early 2024 and is expected to be completed by Q1 of
2025.
“The addition of critical temperature-controlled infrastructure
and value-added services will enable a next generation cold chain
offering in the Port of Jebel Ali in Dubai,” said George Chappelle,
CEO of Americold. “Americold is committed to investing in new and
innovative long-term solutions that optimize the cold chain from
production to consumption and support our mission of helping our
customers feed the world. This partnership with DP World provides
unique synergies that create significant value for both local and
global customers. We’re excited to bring this vision to life in
Dubai with the first of many developments in the region.”
“As a global leader in end-to-end supply chain solutions, DP
World is always looking for ways to innovate and expand its
logistics capabilities. We are delighted to partner with Americold
and RSA to provide our customers with best-in-class
temperature-controlled solutions for perishable goods,
strengthening the resilience of the F&B industry in the UAE and
the Middle East,” said Abdulla Bin Damithan, CEO and Managing
Director of DP World, GCC.
In March 2023, Americold announced a strategic investment into
RSA Cold Chain in Dubai. The investment provided a scalable,
investable operating platform for market entry and expansion in the
Middle East and India. Construction is already under way to double
the capacity of the current RSA facility in Dubai South. This,
combined with the new development at the DP World port, will more
than triple current capacity in the Dubai market to more than
70,000 pallet positions.
Collaboration between Americold and DP World began in 2021 and
was formalized in November of 2022 with the signing of a Global
Partnership Agreement. The planned development in Jebel Ali will be
the first-of-its-kind to combine Americold’s global
temperature-controlled infrastructure with DP World’s port
infrastructure and end-to-end logistics solutions. This strategic
combination will result in unprecedented optimization of
temperature sensitive food flows in and out of the countries of the
Gulf Cooperation Council (GCC).
This new multi-temp, multi-purpose facility will set the stage
for future collaborative developments with DP World in the GCC that
will further enhance the value proposition for Americold’s global
customers that do business in this key global region.
For Americold media enquiries, please
contact:mediarelations@americold.com About
Americold
Americold is a global leader in temperature-controlled logistics
real estate and value-added services. Focused on the ownership,
operation, acquisition and development of temperature-controlled
warehouses, Americold owns and/or operates 243
temperature-controlled warehouses, with approximately 1.5 billion
refrigerated cubic feet of storage, in North America, Europe,
Asia-Pacific, and South America. Americold’s facilities are an
integral component of the supply chain connecting food producers,
processors, distributors, and retailers to consumers.
For DP World media inquiries, please
contact:Jack RigbySenior Manager
Communicationsjack.rigby@edpworld.aeAbout DP
World
Trade is the lifeblood of the global economy, creating
opportunities and improving the quality of life for people around
the world. DP World exists to make the world’s trade flow better,
changing what’s possible for the customers and communities we serve
globally.
With a dedicated, diverse, and professional team of more than
106,500 employees from 158 nationalities, spanning 73 countries on
six continents, DP World is pushing trade further and faster
towards a seamless supply chain that’s fit for the future.
We’re rapidly transforming and integrating our businesses –
Ports and Terminals, Marine Services, Logistics and Technology –
and uniting our global infrastructure with local expertise to
create stronger, more efficient end-to-end supply chain solutions
that can change the way the world trades.
What's more, we're reshaping the future by investing in
innovation. From intelligent delivery systems to automated
warehouse stacking, we’re at the cutting edge of disruptive
technology, pushing the sector towards better ways to trade,
minimizing disruptions from the factory floor to the customer’s
door.
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