The first warehouse at the Caucedo Logistics Centre has been officially opened at a special ceremony in the Dominican Republic by President Danilo Medina Sanchez and HE Sultan Ahmed Bin Sulayem, Chairman of DP World, the company said in its press release.
The Caucedo Logistics Centre is a joint venture between DP World and Caucedo Development Corporation. It provides regional distribution facilities for foreign and Dominican businesses connecting them to a comprehensive, efficient, logistics multimodal network provided by the Port of Caucedo which is operated by DP World.
Phase 1 will see the development of warehousing over 4.3 million sq/ ft ( 40 hectares ) and a further 8 .61 million sq/ ft ( 80 hectares ) developed in Phase 2.