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News<br />
GCC<br />
CEVA expands<br />
presence in Middle<br />
East with new<br />
warehouse<br />
CEVA Logistics, a leading global supply<br />
chain management company, <strong>to</strong>day<br />
announced that a new state of the art<br />
warehouse and office facility will be built<br />
in Jebel Ali <strong>Free</strong> Zone, Dubai, expanding<br />
CEVA’s presence in the Middle East.<br />
The new warehouse supports CEVA’s<br />
growth strategy in the Middle East, which<br />
is focused on increasing its cus<strong>to</strong>mer base,<br />
and through a truly integrated service, offer<br />
shared user and consolidated services<br />
<strong>to</strong> existing cus<strong>to</strong>mers <strong>to</strong> realize cost and<br />
operating efficiencies. The opening of this<br />
facility will enable the expansion of CEVA’s<br />
contract logistics capabilities in<br />
the region and goes a significant way<br />
<strong>to</strong>wards achieving an ambitious plan <strong>to</strong><br />
have 100,000 sqm of warehouse space by<br />
the end of this year.<br />
The new purpose built facility, scheduled<br />
for completion by the end of 2010, will<br />
incorporate the latest technology features<br />
and will be LEED (Leadership in Energy and<br />
Environmental Design) certified. The new<br />
warehouse is developed in collaboration<br />
with Gazeley, global developer of highly<br />
efficient, environmentally friendly logistics<br />
and industrial spaces and designed <strong>to</strong> meet<br />
the highest standards in environmental<br />
construction and efficiency. This is the<br />
second project CEVA with Gazeley have<br />
partnered on, beginning last year when<br />
CEVA leased a unique 12,000 sq m pyramid<br />
building in Dubai. This state of the art office<br />
and warehousing facility has a pyramidal<br />
structure <strong>to</strong> embody CEVA’s distinct brand<br />
and now acts as a central hub for all regional<br />
cus<strong>to</strong>mers, also serving as the Company’s<br />
Middle East headquarters.<br />
New import online system<br />
from TNT Express UAE<br />
TNT Express UAE launched its new Express Import system that gives cus<strong>to</strong>mers complete<br />
control over their import shipments. As a net importer serving as a hub for the region,<br />
cus<strong>to</strong>mers in the UAE will be able <strong>to</strong> use this new web based <strong>to</strong>ol <strong>to</strong> order the collection<br />
of import shipments with quotations and billing in their local currency <strong>to</strong> better control<br />
shipping costs. One unique feature of TNT’s Express Import system is the option <strong>to</strong> request<br />
a quotation before the booking is completed. “TNT Express aims <strong>to</strong> make importing easier<br />
for its cus<strong>to</strong>mers across the region,” Mark Woodcock, Sales and Commercial Direc<strong>to</strong>r, TNT<br />
Express UAE, announced when speaking <strong>to</strong> the media.<br />
Dubai records 30%<br />
pearl trade increase<br />
A <strong>to</strong>tal of AED99.6m ($27.12m) worth of<br />
pearls was transacted in Dubai in 2009,<br />
Dubai Pearl Exchange (DPE), a subsidiary<br />
of Dubai Multi Commodities Centre Authority<br />
(DMCCA), announced. According <strong>to</strong> statistics<br />
from Dubai World Statistics Department, the<br />
pearl trade rose from AED95m <strong>to</strong> AED99.6m<br />
last year, driven by a 30% increase in imports.<br />
The trend <strong>to</strong>wards high-quality pearls has<br />
increased significantly in Dubai, highlighting<br />
a shift in consumer preference <strong>to</strong>wards<br />
exclusive pearls, the DPE said in its press<br />
release. Consumption levels for pearls in<br />
Dubai have also increased over the last<br />
year, reflected through lower exports than<br />
the previous year. This increase was driven<br />
by substantial growth in the natural pearls<br />
segment, where volumes increased by 50%<br />
and values tripled, it added.<br />
May 2010 Link 11