Americold Realty Trust Inc. (COLD) Targets Middle East with State-of-the-Art Cold Storage Facility

Americold Realty Trust Inc. (NYSE:COLD) is one of the best buy-the-dip stocks to buy, according to analysts. On September 25, the company confirmed the opening of a new, state-of-the-art cold storage facility in Dubai.

The new facility is the company’s largest operational site in the Middle East, marking a significant milestone in its efforts to optimize food flows across the region. The facility features 40,000 pallet positions, multi-temperature capabilities, and bonded and non-bonded storage. It is expected to connect global food producers to the markets of the Gulf Cooperation Council.

Management expects the new facility to deliver innovative supply chain solutions that will reshape the global food supply chain.

“The RSA Cold Chain facility in Dubai is another step in that journey, linking producers and consumers more efficiently through strategic infrastructure with trusted partners. Together with RSA Global and DP World, we’re addressing real inefficiencies in the region’s food supply chain and creating long-term value for our customers,” said Rob Chambers, Chief Executive Officer of Americold.

Americold Realty Trust Inc. (NYSE:COLD) is a real estate investment trust (REIT) that focuses on temperature-controlled logistics. It owns, operates, acquires, and develops cold storage warehouses, providing related value-added services such as transportation and supply chain management. This enables the company to connect food producers, processors, and retailers with consumers worldwide.

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Disclosure: None. This article is originally published at Insider Monkey.