Dubai Investments Park (DIP), the largest integrated business and residential community in the Middle East, has signed an agreement with Dubai Refreshment Company (P.S.C), the sole franchisee and distributor of PepsiCo products in Dubai and Northern Emirates, to host the beverage manufacturer’s new, AED 400 million soft drinks factory and warehouse facility at DIP.
Dubai Refreshment Company has acquired 140,000 square meters of prime industrial land at DIP to build the integrated facility.
The agreement was signed between Omar Al Mesmar, General Manager of Dubai Investments Park, and Mana Al Mulla, Managing Director of Dubai Refreshment Company.
Omar Al Mesmar said, “We are delighted to welcome Dubai Refreshment Company to the DIP community. DIP is today the most sought-after industrial location in the UAE and has become the preferred logistics hub for companies throughout the region. Despite the difficult market environment, DIP continues to witness strong demand for industrial plots as well as warehouse complexes.”
“The new factory and warehouse represent a significant long-term investment for Dubai Refreshment Company,” Mana Al Mulla said. “We required a sizable plot of land to build an integrated facility that would allow us to meet our future business needs, and Dubai Investments Park, with its world-class infrastructure and excellent utilities network, was an obvious choice of location. The move will allow us to consolidate our services in a convenient strategic location, and thereby gain a distinct competitive advantage.”
The new DRC plant will have a capacity of 150 million cases per year – nearly thrice the company’s existing capacity. Construction on the new plant and warehouse is expected to commence by December 2010, and is scheduled for completion in early 2012.
Dubai Investments Park, which is a subsidiary of Dubai Investments PJSC, is the largest mixed-use development in the UAE. Spread across an area of 32 million square meters, the Park is a self-sustaining city within a city consisting of specially developed industrial, commercial, and residential zones.
