AD Ports Logistics unveils new distribution line
ABU DHABI: AD Ports Logistics (ADPL), provider of integrated end-to-end business solutions and a subsidiary of AD Ports Group’s Logistics Cluster, has announced the addition of a new distribution business line that will see the company secure exclusive distribution rights for a range of healthcare products.
The new business line targets the GCC’S fastgrowing healthcare and life sciences sector, whose market size is projected to increase at a compound annual growth rate (CAGR) of 4.9 percent to AED 365.7 billion (US$99.6 billion) in 2023 from AED 316.6 billion (US$86.2 billion) in 2020.
As a distributor licensed by the UAE Ministry of Health and Abu Dhabi Department of Health, ADPL will procure high-in-demand healthcare products, including pharmaceuticals, cosmetics, medical devices, baby products and nutraceuticals from leading manufacturers seeking to access the UAE and GCC markets, and manage end-to-end product storage and deliveries to hospitals, clinics, pharmacies, wholesalers, and retailers.
Farook Al Zeer, Chairman, Logistics Cluster, AD Ports Group, said, “The introduction of the distribution business line within our healthcare and life sciences porfolio represents a significant milestone for AD Ports Logistics. The launch expands our integrated healthcare business offering and boosts our position as a one-stop shop for partners requiring business solutions within our free zone or mainland. Our healthcare and life sciences team has a proven track-record of successfully managing logistics for all types of healthcare products, and we look forward to our next phase of growth.”