Agreement to facilitate business opportunities in both countries and beyond
DP World’s port-centric logistics arm Smart Solution Logistics (SSL) has signed an agreement with Israel-based Allalouf Logistics to explore new growth opportunities for the logistics and general freight forwarding business in the UAE and Israel.
The agreement was signed by Albert Kraak, Chief Operating Officer, SSL and Gil Miller, Managing Director, Allalouf Logistics.
Strategically located in Dubai’s Jebel Ali Port with excellent connectivity to terminals at the port, DP World’s SSL offers an extensive range of containerized logistics solutions.
Using its worldwide network of ports and terminals overseas, SSL helps companies to link their supply chain to any part of the world using high-end IT platforms and variety of transportation modes.
Through its collaboration with Allalouf Logistics that is part of the Allalouf Group, one of the largest and longest established shipping agencies in Israel, the company aims to reinforce the logistics sector, in the UAE, Israel and other prime markets.
Contributing to a booming sector
The freight and logistics market in the UAE has grown steadily over the years, surpassing other major industries. It is recognized as a crucial enabler in the UAE’s economic diversification efforts.
According to the Federal Competitiveness and Statistics Authority, the logistics sector’s gross output amounted to AED 219bn in 2018. Additionally, the sector’s contribution to the UAE’s GDP is projected to increase by 8 percent in 2021.
“We are confident that this new venture will aid the economic prosperity of the nation, while also cementing the leading status of the logistics industry in the region,” commented Kraak.
“We see immense potential in this collaboration and are positive that it will promote trade and commerce between the two countries,” remarked Miller.
