NBF extends Dh208m loan to GRDI for construction of Ikea centre in Dubai

Al Muhairy Centre Branch Show in map . Sat-Thurs (8am – 8pm)* Note: 8 am – 7 pm on the last working day of the month.. Ground Floor, Al Muhairy Centre, Zayed The First St, Abu Dhabi – UAE Tel: 00 971 600 540000 Fax: 00 971 4 2221839

National Bank of Fujairah PJSC (NBF) announced today that it had concluded a facility valued at AED 208 million for Gulf Resources Development & Investment (GRDI), which went towards the construction of IKEA’s largest distribution centre in the Middle East at Dubai South, the 145 square-kilometre master-planned city previously known as Dubai World Central (DWC).

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Logistics Middle East loves statistics, so our site visit to the new Ikea Distribution Centre in Dubai South proved particularly satisfying. This warehouse is a colossal piece of engineering, employing more than 200 people from 20 different countries, and with a capacity to handle 120,000 cubic metres in conventional racking on eight levels of.

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National Bank of Fujairah concluded a facility valued at AED208million for Gulf Resources Development and Investment fo construction of IKEA’s largest distribution center at Dubai South.

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IKEA, Dubai, United Arab Emirates. 28M likes. The official Facebook page for IKEA UAE – Creating a better everyday life for the many people.. Furniture Store in Dubai, United Arab Emirates. Community See All. 28,570,700 people like this.. Home Centre. Furniture Store. PanEmirates.UAE.

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IKEA, formerly known by its full initials, Ingvar Kamprad Elmtaryd Agunnaryd, is a multinational group, headquartered in the Netherlands, that designs and sells ready-to-assemble furniture, kitchen appliances and home accessories.It has been the world’s largest furniture retailer since at least 2008.