Doha: Al Meera Consumer Goods Company (QSC) has signed a memorandum of understanding (MoU)) with both Regency Group Holding WLL, a company specialising in facility management solutions, and Aramex Regional LLC, Dubai, forming a Joint Venture entity.
The joint venture — Limited Liability Company — is to facilitate the development and operation of logistics facility and services business in Qatar.
Al Meera management said: “This transaction will begin a new era for Al Meera and its shareholders. We are looking forward to continuing the development and optimisation of our existing properties within our proposed business arrangement”.
To be known as ‘Aramex Logistics Qatar’, the joint venture is part of Al Meera efforts to expand its product and brand offerings in the domestic market.
In the initial stages, a distribution centre would be set up just south of Doha on a 91,000 sqm plot. The centre is to be built in phases, with the first stage witnessing a 20,000 sqm warehousing facility being developed, with plans to quadruple the warehouse in the future phases.
The facility would serve to provide a variety of value-added services, including third party ambient temperature warehousing, third party temperature controlled storage, and other logistical services such as domestic trucking, customs clearance, and express and freight services, according to the MoU.
This warehouse will serve the current requirements, and will cater for future growth as well at competitive rates. Al Meera and its partners would co-manage the design and construction of this and future facilities.
The Peninsula
