Dubai’s Neweast to open distribution hub in JAFZA
Neweast General Trading has signed a lease agreement with Jebel Ali Free Zone (JAFZA), the flagship free zone of DP World, to establish a UAE Dirhams 500 million (US$136.2 million) the largets auto spare parts distribution hub. Ahmed Juma Ahli, CEO, Neweast General Trading and Abdulla Al Hashmi, COO, Parks and Zones, DP World UAE, signed the agreement. Covering a range of 165,000 square metres, the hub will support efficient order fulfillment and delivery for more than 160 premium brands in the region. The company will distribute a range of automotive spare parts for various vehicles. The construction of the new hub is on track, with completion expected by October 2024, the company said in a statement earlier this week.