Move to expand cold-chain logistics across the GCC
Green Dome Investments, the UAE’s leading logistics and supply chain investments platform, announced that it has agreed to acquire Transcorp International, a specialist in cold-chain logistics operating in the UAE, Saudi Arabia and Qatar.
Elite Co., the operating arm of GDI focused on building integrated logistics solutions spanning fulfilment, middle-mile, last-mile and express services, will integrate Transcorp’s operations, supported by GDI’s investment, to create one of the GCC’s leading last-mile and express logistics providers.
Since 2021, Elite Co. has more than doubled its network and customer base, evolving into a leading technology-driven logistics provider, and laying the foundation for an integrated, multi-sector logistics platform. Elite Co’s. digital-tracking and route-optimization systems will enhance reliability and improve delivery speed across Transcorp’s cold-chain network.
Fleet
Together, Elite Co. and Transcorp will operate across five GCC countries, managing a fleet of over 1,500 vehicles, 27 warehouses and serving over 800 clients. Furthermore, the acquisition accelerates Elite Co.’s regional expansion and strengthens its position in Saudi Arabia’s logistics market, as it invests more than SAR 1tn (AED 979bn) in logistics under the Kingdom’s Vision 2030.
Since 2017, GDI will have acquired four regional logistics operators, deploying more than US$ 120mn since inception. Backed by key shareholders such as SISCO Holding, Saudi’s first publicly listed infrastructure investment holding company, GDI has created a multi-sector regional logistics platform across express, e-commerce fulfilment and cold-chain services.
“This transaction underscores our confidence in the sector’s long-term growth and our ambition to play a central role in shaping its future,” commented Saadi Abdul Rahim Hassan Al Rais, Chairman, Green Dome Investments.
Unifying portfolio
“By unifying our portfolio, we strengthen our long-term commitment to supply chain resilience and regional economic diversification,” asserted Dr Mohammad Sharaf, CEO, Green Dome Investments.
“This transaction also gives us an important strategic foothold in Saudi Arabia and under Rodrigue’s continued leadership, Transcorp will be a cornerstone of Elite Co.’s regional expansion, the cold chain powerhouse within our platform,” observed Hisham Albahar, CEO, Elite Co.
“Together, we are amplifying everything Transcorp has built over the years, and we remain very grateful to CE-Ventures for their strategic partnership and early belief in our mission,” concluded Rodrigue Nacouzi, CEO, Transcorp International.
