The Investment Corporation of Dubai has launched ISS Global Forwarding as part a strategic directive by the Government of Dubai to separate Inchcape Shipping Services Holding into two standalone companies focused on marine services and – in the case of ISS Global Forwarding – supply chain logistics.
The new venture will operate out of the Dubai Airport Free Zone and will focus on global freight forwarding, contract logistics and services for the projects/oil and gas sectors.
Heading up the organisation will be Enver Moretti, who described its ambition to establish itself as “a regional powerhouse”. ISS Global Forwarding will initially be present in 18 countries across the Middle East, Africa, Europe, India and Turkey. It plans to expand into Asia Pacific, mainland China and Singapore.
HE Mohammed Ibrahim Al Shaibani, chief executive and executive director of the Investment Corporation of Dubai, added: “We are confident in the future global growth opportunities presented by the supply chain logistics industry.
“We see particular value at this time in the long-term growth opportunities afforded within the emerging markets region where ISS Global Forwarding enjoys a strong presence.”
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