Aramex, the leading global provider of comprehensive logistics and transportation solutions and German logistics group DB Schenker are joining to expand their supply chain services across various industries to serve markets in Abu Dhabi and the wider Middle East and Africa (MEA) region.
With the partnership, DB Schenker will be able to secure its position in Abu Dhabi, a strategic and growing trade and logistics hub in the MEA region while Aramex will benefit from the German company’s experience in specialized freight-forwarding.
The partnership will further boost Aramex’s capabilities and offerings in the region, including the aerospace, defense, infrastructure and healthcare industries, according to the statement.
“Our alliance will enable Aramex to become a stronger, more competitive player in the sea and air freight forwarding services in Abu Dhabi and other core markets. This is a very exciting strategic partnership that has the potential to unlock more value for existing customers while also enabling us to realize our commercial and diversification goals.”
The move is in line with Aramex’s goal to grow its core freight-forwarding business through investment in technologies and expansion of ground operations to improve its capabilities, capture a greater market share and diversify its customer base.
“We recognize the immense opportunities emanating from Abu Dhabi and the MEA region. I am confident that together, we will be able to grow our footprint in Abu Dhabi and the wider MEA region. We are excited about this expansion plan, and we look forward to realizing synergies and scaling our operations in the region to serve our existing major accounts and new potential clients more comprehensively,” Mr. Christopher Smith, chief executive of DB Schenker for the Middle East and Africa, said.
DB Schenker operates in 2,100 locations in more than130 countries with a workforce of 76,900 employees. In the Middle East and Africa, DB Schenker serves customers in more than 40 countries with over 1,700 logistics experts.
Aramex was founded in Jordan by Fadi Ghandour in 1982 and was the first company from the Arab world to list on the Nasdaq. It was later delisted in 2002 and went public again in 2005 and is currently listed on the Dubai Financial Market. ADQ, one of the region’s largest holding companies, acquired 22.25 percent of Aramex in September through a series of on-market transactions and an off-market special deal.