The Investment Corporation of Dubai, the country’s state investment arm, is launching ISS Global Forwarding, a wholly-owned subsidiary focused on supply chain logistics.
The establishment of ISS Global Forwarding is the result of a strategic directive by the Government of Dubai to separate Inchcape Shipping Services, into two standalone companies with the aim of optimising the growth potential, customer focus and core competencies of each, being marine services & supply chain logistics.
Headquartered in Dubai and operating out of the Dubai Airport Free Zone, strategically located in the heart of Dubai adjacent to Dubai International Airport (DXB), ISS Global Forwarding will focus on core activities of Global Freight Forwarding, Contract Logistics and Projects / Oil & Gas.
ISS Global Forwarding will initially be present in 18 countries across the Middle East, Africa, Europe, India and Turkey. As part of its ambitious growth strategy, the company will expand its footprint to Asia Pacific, mainland China and Singapore.
ISS Global Forwarding benefits from a global network thanks to partnerships with global operators established over the years through Inchcape, which provides its customers with multimodal, end-to-end supply chain solutions.
The new forwarding entity will be led by industry veteran Enver Moretti and a highly experienced senior management team. “We are establishing ourselves as a regional powerhouse and our aspiration is to be recognised within the supply chain logistics industry as a customer centric organisation” says Moretti.
“We are confident in the future global growth opportunities presented by the supply chain logistics industry. We see particular value at this time in the long-term growth opportunities afforded within the emerging markets region where ISS Global Forwarding enjoys a strong presence,” adds Mohammed Ibrahim Al Shaibani, CEO & executive director of the Investment Corporation of Dubai.