DHL intends to carry out a multi-million dinar investment in the region and expand its hub in Bahrain for new operations to Iraq and Afghanistan.
According to Middle East area director, Philip Couchman, DHL’s air fleet has been doubled from seven to fourteen in one year, and the company’s road fleet has also expanded from seven trailers last year to 22 this year, and will double to 44 next year.
Read MoreDHL has announced that its joint venture with Chinese logistics firm Sinotrans will invest a further USD200m in expanding business in China, as part of a five-year investment plan to take advantage of the country’s booming logistics sector.
“The wide-ranging expansion program will add significantly to DHL’s ongoing investments in China,” said Uwe Doerken, CEO of DHL Express, in a statement released prior to a news conference.
Read MoreDHL Express has committed to continue investing in the Philippines despite concerns raised by some foreign investors in the wake of the controversy surrounding the Ninoy Aquino International Airport Terminal 3 project.
German airport operator Fraport AG has filed an arbitration case with the World Bank’s International Center for Settlement of Investment Disputes against the Philippine government. Fraport is seeking compensation worth USD425 million for the investment it has made in the yet-to-be-opened Naia 3.DHL Asia Pacific chief executive John Mullen said in an interview that the raging controversy would not deter the firm from making additional investments in the country.
Read MoreDHL will operate a short-haul freighter service between London and key European destinations for British Airways World Cargo, BA announced Thursday. The daily 757 service, which begins Friday, will boost by 50 percent the number of containers and pallets that BA can fly from continental Europe to London, said BA spokesman James Healy. DHL previously operated an Airbus freighter nightly from its hub in Brussels to London’s Heathrow Airport. That freighter connected with DHL feeder flights around the continent.
Read MoreDHL Express Annual Report 2002
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