Al Masaood Group completes 2 phases of warehouse system
Al Masaood Group, one of Abu Dhabi’s leading business conglomerates, has successfully completed Phase 1 and Phase 2 of its bonded warehouse system in collaboration with the General Administration of Customs in Abu Dhabi. This collaboration is a result of a strategic partnership between the two entities announced in 2022 that aims to create better synergies between the government and private sectors, leading to improved work efficiencies and substantial cost savings.
“The completion of both phases of the bonded warehouse system is a significant milestone that marks a new era of seamless operations for Al Masaood Group’s imported and exported goods in Abu Dhabi,” said Ahmed Salmeen, Al Masaood Group’s Chief Executive, Government Affairs.
Certified as a gold supplier for bonded warehouses, Al Masaood is also the first private sector company to be accredited by the General Administration of Customs in Abu Dhabi in the field of importing and exporting general goods under the global ‘Authorized Economic Operator’ program.