7.8.2023 Neweast to establish AED 500 million automotive parts distribution hub in Jafza
Neweast General Trading, a leading player in the automotive industry has signed a landmark lease with DP World’s flagship trade and logistics hub, Jebel Ali Free Zone (Jafza), to establish the largest spare parts hub in the Middle East and Africa. The lease was signed by Ahmed Juma Ahli, CEO, Neweast General Trading, and Abdulla Al Hashmi, COO, Parks and Zones, DP World UAE.
The company plans to invest approximately AED 500 million ($ 136.2 million) to transform a 165,000 sqm space at the free zone into a giant spare parts distribution hub.
With more than 500 dedicated professionals and operations across seven branches in the Middle East, Neweast’s strategic hub in Jafza will support efficient order fulfillment and delivery in the region for more than 160 premium aftermarket brands.
Jafza is the perfect platform for Neweast to expand its reach and cater to the growing demand for automotive parts in the Middle East and Africa. We look forward to supporting Neweast’s vision and enhancing the automotive ecosystem in Jafza, making it a hub for technological advancements, innovation, and excellence in the automotive parts domain.”
Abdulla Al Hashmi, COO, Parks and Zones, DP World UAE