Palmon Group powers ahead in the UAE’s thriving specialised logistics market

In a significant leap forward within the UAE’s specialised logistics sector, Palmon Group, one of the region’s longest-standing family-owned conglomerates, is forging ahead with accelerated expansion plans driven by robust market demand for tailored logistics solutions.

With Dubai strategically cementing its role as a global trade and logistics epicentre, Palmon Group — under the leadership of Founder and Chairman, Manohar Lahori; CEO and Managing Partner, Kunal Lahori; and Managing Partner, Meher Mirchandani — is poised for remarkable growth by leveraging its extensive expertise in built-to-suit warehousing and asset management.

“Dubai has always been a catalyst for our growth,” says Manohar. “Relocating our headquarters here in 1985, inspired by the visionary leadership of the emirate, set us on a trajectory of success. The emirate’s transformation into a global logistics powerhouse continues to fuel our strategic expansion.”

Originally founded in Mumbai in 1974, Palmon Group’s pivotal decision to move to Dubai followed an insightful meeting between Manohar and Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World. “Palmon rapidly became an integral part of the Jebel Ali Free Zone (Jafza), initially focusing on clothing manufacturing before diversifying into logistics, real estate, and asset management.”

Today, the group’s logistics division is experiencing exponential growth due to the burgeoning demand from e-commerce, chemical storage, and customised industrial facilities. “Identifying industry trends early has allowed us to provide unique, built-to-suit warehousing solutions tailored to our clients’ specific needs, significantly differentiating Palmon from our competitors,” explains Kunal.

A recent showcase of this strategic foresight is Palmon’s cutting-edge chemical storage facility in Jafza, meticulously developed from land acquisition through to construction and delivery. “Specialised logistics presents immense opportunities,” he adds. “Our expertise in managing complex, highly regulated projects ensures superior quality and reliability.”

Further reinforcing Palmon’s innovative leadership is the establishment of Manrre Logistics Fund in 2018 — the UAE’s first warehousing and logistics Real Estate Investment Trust (REIT). “Manrre has provided investors unique access to logistics and warehousing assets, significantly amplifying our position in the logistics real estate market,” emphasises Kunal.

Palmon’s remarkable adaptability is supported by Dubai’s sophisticated infrastructure, anchored by DP World’s renowned Jebel Ali Port. “Dubai’s position as a global logistics hub, complemented by its advanced infrastructure, has consistently provided us with opportunities to innovate and grow,” he says.

Embedded within Palmon’s enduring success are the foundational values of love, respect, trust, integrity, success, and empathy. “Our success is deeply tied to these values, which guide every business decision and interaction,” explains Manohar. “Integrity, transparency, and fairness are at the heart of everything we do.”

Innovation is another cornerstone of Palmon’s operational excellence, demonstrated by initiatives such as the Happy Tenant app, streamlining tenant communication and enhancing operational efficiencies. “By continuously investing in innovative technologies, we ensure our clients enjoy seamless experiences,” says Meher.

In alignment with Dubai’s ambitious sustainability objectives, Palmon Group is also making notable strides in environmental, social and governance (ESG) initiatives. “Sustainability is integral to our operations,” explains Meher. “From energy-efficient infrastructure and digitised operations to fostering diversity and inclusion, we actively support a greener, inclusive future.”

Beyond commercial pursuits, Palmon actively contributes to social empowerment through the Palmon Foundation, focusing on educational initiatives in Nepal, India, and Bangladesh. “Our family-owned business is uniquely positioned to drive sustainable social impact through education, creating lasting positive change for generations,” she adds.

Palmon has consistently demonstrated resilience amid global economic fluctuations, strategically navigating challenges through robust financial management and strategic diversification. “Every challenge we faced made us stronger,” says Manohar. “Our diversified portfolio shields us from volatility and allows continued growth.”

Eyeing expansion

The future looks promising as Palmon targets further regional and international expansion, specifically in high-growth logistics markets in Saudi Arabia, India, and Southeast Asia. “Our extensive experience and deep roots in Dubai’s logistics sector provide us with a strategic advantage to capture global opportunities,” says Kunal.

As Palmon Group celebrates 51 years of operations and 40 years in the UAE, its commitment to innovation, sustainability, and community impact solidifies its legacy as a key contributor to Dubai’s thriving logistics sector and broader business community.