ENOC and MFC in DHS 3.5 million warehouse joint venture

The warehouse, to be based at the Jebel Ali Free Zone, will meet stringent UAE government environmental standards.

"This facility will seamlessly accommodate the growing demand from international chemical traders and manufacturers for a neutral warehousing facility to serve Middle East and Sub-Continent markets," said Hussain Sultan, ENOC Group Chief Executive and Board member.

"Our considerable hazardous products handling experience and MFC's world class warehouse management and logistics are synergies that will result in Chemstore setting new Middle East skills in hazardous chemical handling and storage."

Operations will begin during the first quarter of 2002 at the 2,740 square metre Chemstore warehouse, which has a handling capacity of between 2,500 - 17,000 drums depending on the hazard level of the chemicals to be stored.

Chemstore will feature advanced safety standards, including fire fighting and spillage containment systems. The facility will include a separate modern office unit housing management, inventory control processes and related functions.

"Chemstore is the 22nd firm in the ENOC Group's widely segmented portfolio of companies and will become a vital component of our diversification strategy," said Sultan.

Established in 1977, Dubai-based MFC has an enviable record as a leader in the field of freight forwarding, warehousing and logistics services, with offices in Jebel Ali Free Zone, Bur Dubai, Dubai International Airport and Al Quoz.

"Chemstore will play a crucial role in the supply chain of hazardous chemicals throughout the Middle East," said Tariq Baqer, Managing Director, DUTCO Group. "Chemstore will seek ISO accreditation in line with the international operating standards of both partners."
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