Pharmatrade opens new logistics facility in Abu Dhabi
ABU DHABI, March 20, 2024
UAE-based Pharmatrade has announced the opening of its new logistics centre within the Khalifa Economic Zones Abu Dhabi development.
The Emirati group said the expansion of its business over the last 13 years, since opening its Logistics Centre in Dubai Investment Park 1, prompted the group to invest in a new logistics centre in Kezad.
Through this new complex, Pharmatrade aims to ramp up the storage and distribution of its pharmaceutical and medical device range of products to serve the UAE’s healthcare sector, it stated.
Kezad Logistics Park Phase 5, which houses Pharmatrade’s Logistics Centre, is a cluster of temperature-controlled, Grade A industrial warehouse facilities with modern specifications that offer several different configurations to meet client needs and boost logistics efficiency.
Speaking at the opening, Kezad Group Chairman Mohamed Al Khadar Al Ahmed said: “Pharmatrade is a well-known and trusted brand in the supply and distribution of lifesaving pharmaceuticals and medical equipment. Their expansion into Kezad’s warehousing portfolio gives them the ability to reach their consumers using our state-of-the-art infrastructure.”
“Efficient and congestion-free access to Khalifa Port and Abu Dhabi International Airport allows companies within our Pharmaceutical ecosystem to cost-effectively source their raw materials and supplies from international markets," noted Al Ahmed.
Konstantinos Petridis, Managing Partner - Pharmatrade, said: "Through our Kezad Logistics Centre we will be fully covering the supply of pharmaceutical and medical device products to Abu Dhabi and Al Ain, for both government and private sector. We consider it our prime responsibility to provide our principals wide geographical coverage, rapid delivery, sufficient company stock, and competitive credit policy."
Pharmatrade is a partnership between Hussain Al Nowais and Konstantinos Petridis, established in 1977. A leading distribution company in the UAE, it supplies a comprehensive range of medical and pharmaceutical products from over 30 multinational companies in the healthcare field.
On Kezad partnership, Petridis said: "We established this logistics centre in Kezad because of the advantages that bring us closer to achieving our goals."
"The integrated infrastructure and services at competitive prices and the flexibility of warehouse design enhance our aspirations for further expansion, with the opportunities to reach new customers thanks to Kezad’s strategic location and integrated transportation and logistics network," he added.-TradeArabia News Service
