Dubai, UAE, 16 July, 2014 – CEVA Logistics, one of the world’s leading global supply chain management companies, today announced the official opening of the City of Energy in the United Arab Emirates. The hub, which covers an area of 27,000 sqm of warehouse space and 10,000 sqm of yard space, is strategically located in Jebel Ali Free Zone in Dubai and is fully dedicated to the warehousing and handling of oil and gas products for the Energy sector.
The cutting-edge logistics platform is unique in the Middle East, being the first logistics company with a facility dedicated solely to the oil and gas market.
The City of Energy will house CEVA’s oil and gas customers and will be home to CEVA’s dedicated Oil & Gas and project logistics team. Hosting logistics activities for numerous customers in a single site creates economies of scale. By sharing warehouse areas, IT systems and specialized staff, customers benefit from an overall reduction of cost through the continuous application of standardized procedures. CEVA’s logistics services and processes will undergo continuous improvements, offering a constant high level of services to customers. This specialized hub will highlight the value that CEVA brings to its customers – supply chain efficiencies, enhanced visibility, cost optimization and impeccably executed logistics operations.
CEVA recognizes the importance of Dubai as a key logistics hub globally due to its strategic location in an emerging market with an ease of accessibility to the GCC countries, Africa, Europe and Near East. The area’s excellent network and connectivity provides an ideal environment for many companies to operate from.
According to Hakan Bicil, CEVA’s Chief Commercial Officer: “The City of Energy was established to serve as a catalyst for the growth and expansion of our oil and gas expertise in Middle East and Africa. We are very optimistic about the progress of the region and the acquisition of new customers and business this year as Dubai continues to be an attractive logistics hub for local and regional companies.”
Jerome Lorrain, CEVA’s EVP for Balkans, Africa and Middle East said: “Our team is very excited about the opening of the new Energy Hub in the Middle East. Dubai has now become the regional hub for logistics, which makes it a very strategic location for the City of Energy. Being the largest sector of the region, this new facility marks a significant step forward in addressing new opportunities in the Oil & Gas industry throughout the Middle East and Africa."
The launch of City of Energy strengthens CEVA’s industry specific skills and knowledge and is driven off of the success of the City of Books and City of Pharma, and the launch last week of TechCity in Italy.
With the opening of the City of Energy, CEVA has increased the value it can provide as a partner for oil and gas companies in the Middle East and reinforced CEVA’s leading presence in the region’s oil and gas market.
For more information, contact:
CEVA Logistics (global)
+31 622 482 604
CEVA Logistics (Balkans, Africa, Middle East & Central Asia)
+971 52 9026174
CEVA - Making business flow
CEVA, one of the world’s leading non-asset based supply chain management companies, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 44,000 employees in more than 170 countries are dedicated to delivering effective and robust supply chain solutions across a variety of sectors where CEVA applies its operational expertise to provide best-in-class services across its integrated network. For more information, please visit www.cevalogistics.com.
SAFE HARBOR STATEMENT:
This news release may contain forward-looking statements. These statements include, but are not limited to, discussions regarding industry outlook, the Company’s expectations regarding the performance of its business, its liquidity and capital resources, its guidance for 2014 and beyond, and the other non-historical statements. These statements can be identified by the use of words such as “believes” “anticipates,” “expects,” “intends,” “plans,” “continues,” “estimates,” “predicts,” “projects,” “forecasts,” and similar expressions. All forward-looking statements are based on management’s current expectations and beliefs only as of the date of this press release and, in addition to the assumptions specifically mentioned in the above paragraphs, there are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including the effect of local and national economic, credit and capital market conditions, a downturn in the industries in which we operate (including the automotive industry and the airfreight business), risks associated with the Company’s global operations, fluctuations and increases in fuel prices, the Company’s substantial indebtedness, restrictions contained in its debt agreements and risks that it will be unable to compete effectively. Further information concerning the Company and its business, including factors that potentially could materially affect the Company’s financial results, is contained in the Company’s annual and quarterly reports, available on the Company’s website, which investors are strongly encouraged to review. Should one or more of these risks or uncertainties materialize or the consequences of such a development worsen, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. CEVA disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.