Aramex Seals Deal with German Logistics Group DB Schenker
Aramex has signed a strategic MoU with Germany-based DB Schenker, to help drive forward synergistic opportunities in supply chain solutions across multiple critical industries to and from Abu Dhabi and the wider MEA region. By leveraging DB Schenker’s extensive global experience in specialised freight forwarding solutions across multiple industries, the partnership will seek to further […]
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Aramex has signed a strategic MoU with Germany-based DB Schenker, to help drive forward synergistic opportunities in supply chain solutions across multiple critical industries to and from Abu Dhabi and the wider MEA region.
By leveraging DB Schenker’s extensive global experience in specialised freight forwarding solutions across multiple industries, the partnership will seek to further boost Aramex’s capabilities and offerings in the region, including, but not limited to, the aerospace, defence, infrastructure, and healthcare industries.
Conversely, by teaming up with Aramex and capitalising on its strong brand identity, leadership position, deep knowledge and expertise in the region, DB Schenker will be able to expand its presence more comprehensively in Abu Dhabi, a strategic and growing trade and logistics hub in the MEA region.
Commenting on the deal, Aramex CEO Othman Aljeda said: “This is an exciting strategic partnership that has the potential to unlock more value for existing customers while also enabling us to realise our commercial and diversification goals.’
“Over the several years, we have been strategically focused on enhancing our core freight forwarding business through investment in technologies and expanding on the ground operations with the intention of enhancing our capabilities, capturing greater market share in core markets and diversifying our customer base by penetrating new industry verticals,” he noted.
“By joining forces with DB Schenker, a global logistics company we regard as truly complementary to ours in the region, we will accelerate the realisation of our goals in the freight forwarding business,” he added.
Aljeda said Aramex’s alliance with the German group will enable it to become a stronger, more competitive player in the sea and air freight forwarding services in Abu Dhabi and other core markets.
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“Traditionally our freight forwarding business was largely focused on the cyclical oil and gas (O&G) sector. While the company will continue to serve this important sector, the energy industry has witnessed lower levels of activities in recent years, which inevitably had a knock-on effect on Aramex’s freight forwarding business,” he stated.
However, in 2020 the healthcare, pharmaceuticals and FMCG segment helped offset some of the weakness from O&G. Going forward, the company will continue to strengthen its freight forwarding capabilities through strategic partnerships, investment in technologies and hiring and upskilling the necessary talent, he added.
“While we are working on the partnership agreement and will update the market in due course on our final agreement, on behalf of the Aramex team, I look forward to working alongside the DB Schenker team,” he noted.
DB Schenker CEO (Middle East & Africa) Christopher Smith, said: “We recognise the immense opportunities emanating from Abu Dhabi and the MEA region. We believe our alliance with Aramex was a natural choice given their history, expertise, knowledge, and extensive network in the 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 realising synergies and scaling our operations in the region to serve our existing major accounts and new potential clients more comprehensively,” he added.
