Abu Dhabi Ports acquires “Meco Logistics Services” – the economist –...

Abu Dhabi Ports acquires “Meco Logistics Services” – the economist –...
Abu Dhabi Ports acquires “Meco Logistics Services” – the economist –...

Abu Dhabi Ports announced the acquisition of “Mico Logistics Services”, one of the first founders of the logistics services sector in Abu Dhabi, and its inclusion in its business portfolio, as part of its continuous efforts to establish the emirate of Abu Dhabi as a vital global center for trade and logistics.

Through the acquisition of “MICO” and its inclusion in its portfolio, Abu Dhabi Ports becomes one of the largest providers of integrated logistics services and solutions in the United Arab Emirates and the region, and strengthens its capabilities in providing advanced services at a high level of efficiency to its customers.

The annexation of “MICO” also allows the company to expand the scope of the company’s activities to include vital sectors such as retail, electronic delivery services, basic consumer goods, health care and medicine. It also ensures that it maintains its leadership as a leading provider of logistical services to the vital energy sector thanks to the expertise and great capabilities that MICO has in this sector.

The regional and international logistics solutions provided by MICO, supported by a large and diversified transportation fleet, and a wide network of cold storage warehouses, constitute a valuable addition to Abu Dhabi Ports’ diversified cargo handling capabilities and services for industrial and free zones.

These additional capabilities ensure that all the requirements and needs of dealers throughout the supply chain are met by providing all services under one umbrella, including providing sources, managing purchase orders, handling international project shipments, customs clearance, shipping and unloading, local, regional and international transportation of goods, and catering services. Aviation sector onshore, order delivery and handling solutions, all of which are done through a network of distribution centers strategically located in the region.

Khalifa Sultan Al Suwaidi, Vice Chairman of Abu Dhabi Ports and Head of Investment Portfolios at ADQ said: “We are collaborating with Abu Dhabi Ports to transform its logistics arm into one of the largest and most cost-efficient comprehensive, integrated and integrated logistics solutions provider in the United Arab Emirates. And beyond. ”

He added: “This reflects the role played by the Holding Company in stimulating development and economic growth, through our portfolio for the logistics services sector, while working at the same time to enhance the strategic position of Abu Dhabi Ports as a leading provider of integrated services for ports and industrial areas, which contributes to facilitating Worldwide maritime trade and logistics movement. For his part, Captain Mohamed Jumaa Al Shamsi, Chief Executive Officer – Abu Dhabi Ports, indicated that the acquisition of MICO is part of the government’s rational endeavors to strengthen Abu Dhabi’s position as a leading center for trade and global supply chains, and is considered a natural development of the growth witnessed by Abu Dhabi Ports’ business, and a continuation of the progress The sign it has achieved since the beginning of this year, as it contributes to meeting its growing needs to develop additional capabilities that suit its business requirements.

He added, “The strategic alignment between Abu Dhabi Ports’ capabilities and MICO will enable us to enhance our competitiveness in the regional and international arenas as a major provider of comprehensive logistics solutions through the wider service offerings that we provide to current and future customers, and increase our contribution to the non-oil economy of Abu Dhabi and government efforts to diversify the economy. To support the growth of our customers’ business by providing our enhanced logistics services, and we are confident of the positive results of this strategic step. ”

On his part, Robert Sutton, Head of Logistics – Abu Dhabi Ports, said: “Abu Dhabi Ports’ acquisition of MICO is in line with the company’s vision and growth strategy, and enables it to improve services provided to customers and meet the needs of the growing market in the United Arab Emirates and the rest of the global markets.”

He added, “This step will expand our services along the supply chain, and open up broad prospects for Abu Dhabi Ports to enter new sectors that need these services, including basic consumer goods and health care, in addition to its role in strengthening global markets connectivity in the Gulf region and the UAE.” .

It is worth noting that Meco Logistics Services Company was established in 1978 as one of the first providers of freight services in the Emirate of Abu Dhabi, and it was among the first companies to provide integrated shipping services to the oil and gas sector.

With its modern fleet of more than 350 modern vehicles, a diversified fleet of trailers, and specialized storage facilities, MICO’s large portfolio of logistical solutions includes project and contract freight management, commercial logistics, multi-modal transportation, warehousing and distribution, shipping and unloading, in addition to services Onshore catering to the aviation sector.

MICO is also the first logistical company to launch its operations in KIZAD, and to establish a sophisticated distribution center that includes cold storage services for perishable goods for longer periods of time.

The advanced warehouse management systems, along with the advanced GPS that the company employs in its operations, constitute a valuable addition to the technical excellence that MICO provides in the supply chain.


Follow the economic statement via Google News

Print
Email

Twitter
LinkedIn
Pin Interest
Whats App

These were the details of the news Abu Dhabi Ports acquires “Meco Logistics Services” – the economist –... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Experts discuss WhatsApp’s new privacy update
NEXT SABIC CEO: Aramco synergy will bring $1.8bn by 2025