Programme to provide a ‘new era for seamless operations’
Al Masaood Group has successfully completed Phase 1 and Phase 2 of its bonded warehouse system in collaboration with the General Administration of Customs in Abu Dhabi.
This collaboration is a result of a strategic partnership between the two entities announced in 2022 that aims to create better synergies between the government and private sectors, leading to improved work efficiencies and substantial cost savings.
The successful implementation will also see more seamless operations for imported and exported goods at Al Masaood Group’s premises in Abu Dhabi, according to a press release.
“The completion of both phases of the bonded warehouse system is a significant milestone that marks a new era of seamless operations for Al Masaood Group’s imported and exported goods in Abu Dhabi,” asserted Ahmed Salmeen, Al Masaood Group’s Chief Executive, Government Affairs.
Gold supplier
Certified as a gold supplier for bonded warehouses, Al Masaood is also the first private sector company to be accredited by the General Administration of Customs in Abu Dhabi in the field of importing and exporting general goods under the global ‘Authorized Economic Operator’ program.
With the successful implementation of the first two phases of the bonded warehouse system, Al Masaood will benefit from seamless Port-to-Warehouse operations covering all vehicles as well as all spare parts imported by the Group’s divisions, whether for vehicles or industrial engines. The operational implementation, ultimately, will significantly ease the process of shipment clearances for all goods and vehicles.
The continual partnership between Al Masaood Group and the General Administration of Customs in Abu Dhabi has created new avenues for the Group to grow in the logistics, storage, import and export sectors in the UAE and the Middle East. It also underscores Al Masaood’s quest to forge successful collaborations between the public and private sectors in the UAE.
