The first warehouse at the Caucedo
Logistics Centre has been officially opened at a special ceremony in the
Dominican Republic by President Danilo Medina Sanchez and
HE Sultan Ahmed Bin Sulayem, Chairman of DP World.
The Caucedo Logistics
Centre is a joint venture between DP World and Caucedo Development Corporation.
It provides regional distribution facilities for foreign and Dominican businesses
connecting them to a comprehensive, efficient, logistics multimodal network
provided by the Port of Caucedo which is operated by DP World.
Phase 1 will
see the development of warehousing over 4.3 million sq/ft (40 hectares) and a
further 8.61 million sq/ft (80 hectares) developed in Phase 2. Timing will be
in line with market demand.
Speaking at
the opening of the warehouse, DP World Chairman, HE Sultan Ahmed Bin
Sulayem, said: “I was proud to be here in 2013 for the ground breaking
ceremony of the Caucedo Logistics Centre, the first in the Dominican Republic,
along with the President and I am delighted to be back for the inauguration
today of the Centre’s first warehouse.
“The
integrated port and logistics model is one we have pioneered globally, both at
home in Dubai at Jebel Ali, elsewhere in London and also here. We are building
long term supply chain assets for economies and future generations.
“We have been
committed to the development of the Logistics Centre since its inception and
are witnessing the beginnings of an exciting opportunity to develop the
Dominican Republic as a trade and logistics hub. DP World Caucedo and this
centre are proof of our commitment to investing here. It would not have been
possible without the support of the President and the government of the
Dominican Republic to provide a legal framework that supports this growth.”
The Centre
provides Dominican Republic importers and exporters with the chance to improve
the efficiency of their supply chains with modern facilities close to both the
port and the airport. Shipping lines will also benefit as more volumes are
generated through the CLC.