First Warehouse at Caucedo Logistics Center Opened
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.