Logistics technology vendor Ehrhardt + Partner Group (EPG) said Friday it has signed a $500 million deal with a Qatari business conglomerate to build an automated logistics park in Qatar.
Germany-based Ehrhardt announced the agreement with Nasser Bin Khaled International (NBK), a distributor of high-end retail brands for the middle eastern market that also operates in the investment, industrial, and trade sectors. As a subsidiary of Nasser Bin Khaled and Sons, NBK says the project is intended to "fulfill the requirements of the growing logistics needs of Qatar."
The deal "brings to Qatar the latest technology in computerized logistics, making Qatar a world-class logistics hub and strengthening the relations between Qatari and German companies," H.E Sheikh Nawaf, the chairman of NBK Group, said in a statement.
EPG said it will provide its experience in smart logistics and warehousing, assigning the planning and consulting of the logistics center to its subsidiary Ehrhardt + Partner Consulting (EPC) and leveraging technology from its LFS Logistics Software Suite to manage the fully automated complex when it launches.