Ford invests USD 53mn in Middle East parts distribution centre.

By bne IntelliNews November 15, 2011
US car manufacturer Ford has invested AED 194.6mn (USD 53mn) in a new parts distribution centre in the Middle East in Jebel Ali Free Zone, Gulf News reported. The 29,500-sq m centre aims to reduce the time customers must wait for parts to arrive at their service locations and will supply nearly 92% of the parts needed for vehicle service or repairs in the region. It will also reduce average delivery times from more than 30 days to between two and 12 days. With around USD 43mn inventory value, Ford's parts distribution centre the capacity to stock up to 50,000 individual parts, or 6mn in total.

Related Articles

Bahrain Middle East Bank fully repays USD 13mn debt.

Bahrain Middle East Bank made a USD 13mn full repayment of a loan obligation including a USD 1.4mn interest payment taking total repayments by the troubled lender to USD 43mn, the bank said in ... more

National Bank of Abu Dhabi launches USD 17mn Uridashi bond, MENAs first ever.

National Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, initiated a USD 17mn fifteen-year Uridashi bond, MENA's first ever, allowing the bank to directly access Japanese ... more

GCC economies resilient to MENA turmoil but constrains persist S&P.

The GCC economies remain insulated from economic and political turbulence in the MENA region and globally but structural challenges continue to constrain sovereign ratings, ratings agency ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss