Americold Realty Trust announced plans to build and operate a new $35M cold storage facility with 40,000 pallet positions, in the Jebel Ali Free Zone in the Port of Jebel Ali in Dubai. This investment builds on the strategic collaboration between Americold and DP World, a provider of worldwide smart end-to-end supply chain logistics with a global port infrastructure. The new facility will offer multi-temperature capabilities and connect to DP World’s logistics solutions. Earlier this year, RSA Cold Chain entered into a long-term land lease agreement with DP World to support this development. Construction will start early 2024 and is expected to be completed by Q1 of 2025.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on COLD:
- Americold Realty Trust, Inc. Declares Fourth Quarter 2023 Dividend
- Americold Partners with RSA Cold Chain and DP World to Bring a New State-of-the-Art Cold Chain Logistics Platform to Dubai
- Americold Realty Trust price target raised to $35 from $34 at Evercore ISI
- Americold Realty Trust price target lowered to $32 from $33 at Barclays
- Americold Realty Trust price target lowered to $34 from $38 at RBC Capital
