Dubai's Aramex inks deal for Asia expansion

  • Share via facebook
  • Tweet this
  • Bookmark and Share
Aramex CEO Fadi Ghandour

Aramex CEO Fadi Ghandour

Dubai courier firm Aramex has signed a partnership agreement with South Korea's CJ GLS, its latest expansion into east Asia, Aramex said in a statement on Wednesday.

CJ GLS is an unlisted unit of CJ Cheiljedang, a food-to-entertainment conglomerate.

The deal will enable Aramex to provide express and freight services to South Korea and follows the firm's launch of a joint venture in China with Sinotrans Air Transportation in November.

"Aramex will have a strategic position serving the South East Asian economies," Othman Al Jeda, Aramex's Asia chief executive, said in the statement to the Dubai bourse.

No financial details of the partnership deal was provided.

Trade between Korea and Gulf Cooperation Council (GCC) countries - United Arab Emirates, Saudi Arabia, Kuwait, Qatar, Bahrain and Oman - was worth $113bn in 2011, according to the statement.

Related:
Companies

Market Performance

Aramex
3.18
-0.02 -0.62 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Crowded skies in the Middle East

Crowded skies in the Middle East

Aviation experts give their suggestions on how to solve the Middle...

Cracking the code

Cracking the code

Strategic codeshare agreements are a win-win situation for gulf...

Stronger together? Reviewing Emirates' historic partnership with Qantas

Stronger together? Reviewing Emirates' historic partnership with Qantas

One year after the “historic” Emirates-Qantas partnership deal...

1
Most Discussed
  • 9
    UAE teens among the highest for obesity rates

    @MT3 I forgot to add that of course this is assuming that the UAE moves toward a single payer model, something that I think has never been considered ... more

    Thursday, 28 August 2014 8:36 PM - Telcoguy
  • 9
    Smoke-free Dubai - the big debate

    Surprisingly the only studies that show a negative financial impact of the smoking ban on the hospitality industry are sponsored by tobacco companies ... more

    Wednesday, 27 August 2014 4:19 PM - Telcoguy
  • 3
    Former Arabtec CEO says wants over AED5 per share

    Investors are tired and losing confidence in the market, only speculators are making money at the cost of shareholders. How could any one put a price on... more

    Thursday, 28 August 2014 8:36 PM - B.Sainani