UK-based Zencargo bolsters the city’s advanced technology ecosystem
The company plans to establish operations in the Emirates with a view to integrating into the UAE’s technology, trade and logistics ecosystem and using the country as a platform to expand its operations into Africa and South Asia.
Zencargo’s presence in the UAE is an endorsement of the UAE’s Trade Tech initiative, which was launched in partnership with the World Economic Forum to accelerate the digitalization of international supply chains, enhance customs procedures, improve developing countries’ access to the global trading system and spur a new era of trade growth, according to a press release.
Next growth stage
“Zencargo’s decision to open operations in UAE is the latest example of a ground-breaking company taking advantage of our NextGen FDI program, and the UAE’s dynamic business ecosystem, to pursue their next growth stage, which includes the expansion into new markets,” commented HE Dr Thani Bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade.
“NextGen FDI and the UAE’s free port strategy are excited to be helping businesses in the region to unlock smarter shipping decisions and connect them with the tools to gain more control over their supply chains,” remarked Zencargo Co-Founder Richard Fattal.
Founded in London in 2017, Zencargo is a freight forwarder that uses proprietary software to provide clients with a comprehensive overview of their supply chains, the press statement concluded.
