These Free Zones serve as crucial trade gateways to both the Middle East and Africa
MOL Middle East, a 100% subsidiary of Mitsui O.S.K. Lines Group and a strategic management company in the Middle East, has joined forces with INDU Kishore Logistics, a prominent warehousing entity based in Dubai.
Together, they have inked a joint venture agreement aimed at establishing a new company that will oversee self-operated warehouses strategically located within Dubai’s esteemed Free Zones. These Free Zones serve as crucial trade gateways to both the Middle East and Africa, underlining the significance of this collaboration in enhancing regional logistics infrastructure.
The signing ceremony for this venture took place in JAFZA, where MOL Group Senior Managing Executive Officer overseeing the group’s operations in the Indian sub-continent and Middle East, Ajay Singh, Kishore Lakhani, Chairman of INDU Kishore Logistics, and Abdulla Al Hashmi, Chief Operating Officer, Parks & Zones, DP World GCC, came together to formalize the agreement.
Onshore logistics system
“With this investment, MOL has made a start to developing an onshore logistics system in the Middle East, building on our strong shipping-related activities in the region. We are growing our office in Dubai to cater to our growth here,” noted Singh.
“INDU Logistics is proud to partner with a 140-year-old company that has grown to be a prominent player in the Shipping Industry. We are optimistic and feel we have the right mixture to create a strong mark in the supply chain industry,” observed Lakhani.
“We are confident that this partnership will strengthen Dubai’s position as a global logistics hub, support in achieving the D33 Economic Agenda to double Dubai’s foreign trade by 2030, and add value to Jafza, our world-leading free zone,” concluded Al Hashimi.
