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Pharmatrade launches new logistics center in Kezad: UAE-based pharma distribution company Pharmatrade inaugurated its Abu Dhabi Logistics Center, located in AD Ports subsidiary Khalifa Economic Zones Abu Dhabi (Kezad) Group, to boost the storage and distribution of its products, according to a press release. No details regarding the investment ticket were disclosed in the statement.
Details: Pharmatrade’s Abu Dhabi Logistics Center is located within Kezad Logistics Park Phase 5, a cluster of temperature controlled Grade A industrial warehousing facilities. The new storage and distribution hub is positioned to meet private and public sector demand for pharma and medical devices in Abu Dhabi and Al Ain, Pharmatrade Managing Partner Konstantinos Petridis said in the statement.
Supply chain enhancement: The strategic location for Pharma’s new logistics center allows easy access to Khalifa Port and Abu Dhabi International Airport to the efficient transport and sourcing of raw inputs and supplies from global markets, Kezad CEO Mohamed Al Khadar Al Ahmed said in the statement.
About Pharmatrade: Founded in 1977 by Hussain Al Nowais and Konstantios Petridis, Pharma is the leading distributor of pharma and medical devices in the UAE supplying over 30 multinational companies. Apart from the newly opened distribution hub in Kezad, the company also operates a logistics center at Dubai Investment Park 1.
ICYMI- Kezad kicked off a new phase of warehousing developments earlier this year as it looks to invest AED 621 mn (USD 169 mn) to develop an additional 250k square meters (sqm) of warehousing space. The move is slated to expand Kezad’s pre-built industrial and logistics warehousing capacity by 43% by the end of 2025.
