DUBAI // Gulftainer, a Sharjah-based port management and transport services firm, will launch a subsidiary later this year to develop a logistics hub in the emirate.
The new firm, Momentum Logistics, will develop the 700,000 square metre International Logistics City in the industrial township of Sajaa in Sharjah, according to Matthew Derrick, General Manager of Momentum Logistics.
Mr Derrick however declined to give a timeline as to when the planned logistic city will be launched and how much Momentum will invest in the project.
"The launch of [new company] Momentum Logistics will be in the fourth quarter and it will be closely followed by International Logistics City," he said.
The project will be located close to Sharjah International Airport, Hamriya port and main road transport arteries, giving the project what he calls a "unique advantage" over other such facilities in the country.
The project will house distribution centres, warehouses, a transportation park, a container freight station, a container repair workshop, self storage facilities, offices, residential blocks and a food court.
Mr Derrick said that the new logistic facilities would allow the firms to manage their entire supply chain from a single location. "It's a one-stop shop for all logistics needs," he said.
With its base in Sharjah, the firm plans to focus on its flagship project and later intends to become a global player in the third-party logistics services. "The creation of the International Logistics City is merely a first step in this direction," said Mr Derrick.
Established in 1976, Gulftainer's primary role is to manage and operate the container terminals in Port Khalid and also Khorfakkan on behalf of Sharjah Port Authority. Gulftainer has service and advisory contracts in Kuwait, Pakistan and the Comoros.
Gulftainer also owns one of the largest heavy transport fleets in the country, an inland container depot, a container repair company, a shipping agency which undertakes cargo agency work and international port management.
skhan@thenational.ae
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LA LIGA FIXTURES
Friday (UAE kick-off times)
Levante v Real Mallorca (12am)
Leganes v Barcelona (4pm)
Real Betis v Valencia (7pm)
Granada v Atletico Madrid (9.30pm)
Sunday
Real Madrid v Real Sociedad (12am)
Espanyol v Getafe (3pm)
Osasuna v Athletic Bilbao (5pm)
Eibar v Alaves (7pm)
Villarreal v Celta Vigo (9.30pm)
Monday
Real Valladolid v Sevilla (12am)
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The%20specs
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The specs: 2018 Jaguar E-Pace First Edition
Price, base / as tested: Dh186,480 / Dh252,735
Engine: 2.0-litre four-cylinder
Power: 246hp @ 5,500rpm
Torque: 365Nm @ 1,200rpm
Transmission: Nine-speed automatic
Fuel consumption, combined: 7.7L / 100km
MATCH INFO
Uefa Champions League final:
Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports
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Age: 30
Favourite book: The Power of Habit
Favourite quote: "The world is full of good people, if you cannot find one, be one"
Favourite exercise: The snatch
Favourite colour: Blue
The language of diplomacy in 1853
Treaty of Peace in Perpetuity Agreed Upon by the Chiefs of the Arabian Coast on Behalf of Themselves, Their Heirs and Successors Under the Mediation of the Resident of the Persian Gulf, 1853
(This treaty gave the region the name “Trucial States”.)
We, whose seals are hereunto affixed, Sheikh Sultan bin Suggar, Chief of Rassool-Kheimah, Sheikh Saeed bin Tahnoon, Chief of Aboo Dhebbee, Sheikh Saeed bin Buyte, Chief of Debay, Sheikh Hamid bin Rashed, Chief of Ejman, Sheikh Abdoola bin Rashed, Chief of Umm-ool-Keiweyn, having experienced for a series of years the benefits and advantages resulting from a maritime truce contracted amongst ourselves under the mediation of the Resident in the Persian Gulf and renewed from time to time up to the present period, and being fully impressed, therefore, with a sense of evil consequence formerly arising, from the prosecution of our feuds at sea, whereby our subjects and dependants were prevented from carrying on the pearl fishery in security, and were exposed to interruption and molestation when passing on their lawful occasions, accordingly, we, as aforesaid have determined, for ourselves, our heirs and successors, to conclude together a lasting and inviolable peace from this time forth in perpetuity.
Taken from Britain and Saudi Arabia, 1925-1939: the Imperial Oasis, by Clive Leatherdale
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1.30pm Handicap (PA) Dh50,000 (Dirt) 1,400m
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2pm Handicap (TB) 68,000 (D) 1,950m
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3.30pm Handicap (TB) Dh76,000 (D) 1,400m
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4pm Maiden (TB) Dh60,000 (D) 1,200m
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