Aramex and DB Schenker sign a strategic Memorandum of Understanding (MoU) to drive collaboration in supply chain solutions. This focus includes multiple industry sectors in Abu Dhabi and the wider Middle East & Africa (MEA) region.
The partnership aims to leveraging DB Schenker’s extensive global experience in specialised freight forwarding solutions across multiple industries, and seek to further boost Aramex’s capabilities and offerings in the region.
This includes aerospace, defense, infrastructure, and healthcare industries. And by teaming up with Aramex, DB Schenker aims to capitalise on Amramex’s strong brand identity, leadership position, deep knowledge and expertise in the region, it says. This includes expanding its presence in the strategic and growing trade and logistics hub of Abu Dhabi.
Commenting on the MoU, Othman Aljeda, CEO of Aramex, says: “This is a very exciting strategic partnership that has the potential to unlock more value for existing customers while also enabling us to realise our commercial and diversification goals.
He adds that the company has, for the last several years, been strategically focused on enhancing its core freight forwarding business through investment in technologies alongside an expansion of its ground operations.
By joining forces with DB Schenker, “we will accelerate the realisation of our goals in the freight forwarding business. Our alliance will enable Aramex to become a stronger, more competitive player in the sea and air freight forwarding services in Abu Dhabi and other core markets,” he adds.
Christopher Smith, CEO of DB Schenker, MEA adds: “At DB Schenker, we recognise the immense opportunities emanating from Abu Dhabi and the MEA region. We believe our alliance with Aramex was a natural choice given their history, expertise, knowledge, and extensive network in the region.
“I am confident that together, we will be able to grow our footprint in Abu Dhabi and the wider MEA region.”
Traditionally Aramex’s freight forwarding business was largely focused on the cyclical Oil & Gas (O&G) sector. While the company says it will continue to serve this important sector, the energy industry has witnessed lower levels of activities in recent years, which inevitably had a knock-on effect on Aramex’s freight forwarding business.
In 2020 the healthcare, pharmaceuticals and FMCG segment helped offset some of the weakness from O&G, the company adds.