Tag: Middle East

DHL reveals plans for massive investment in Middle East

Posted by | Feb 20, 2007 | |

To mark the 30th anniversary of its presence in the Middle East region, Dr. Klaus Zumwinkel, Chairman and Chief Executive Officer of Deutsche Post World Net, has announced the Group’s growth strategy for the region at a press conference held in Dubai.

He revealed that DHL is set to expand its operations at Dubai World Central by more than 300,000 square metres over the coming years. He also announced that his company will invest significantly into expanding its presence at the new Dubai Logistics City (DLC).

The expanded facilities build upon the existing footprint of 85,000 square metres in the Jebel Ali Free Zone, which is operated by Danzas AEI Emirates. The group’s logistics entity, which represents the DHL Global Forwarding and Exel Supply Chain businesses in this region, recently announced two additional signing agreements. The first is on 30,000 square metres at the new Cargo Village Jebel Ali Airport forwarding area with an option for a further 15,000 square metres. It has also secured an additional 155,000 square meters in the DLC’s specialised contract logistics area with an option for another 78,000 square metres.

Meanwhile DHL Express plans to further invest in a new air integrator hub facility on a 50,000 square metre plot at the new World Central Airport in Jebel Ali. This hub facility will complement DHL’s existing infrastructure network and provide long-term growth capacity to its Middle East air/road distribution model.

The investment by DHL is an important step in the development of the express and logistics sector in the region. It will increase the level of competition in the region, and direct competitors will be examining their own investment strategies in light of DHL’s moves.

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Deutsche Post World Net celebrates Group's 30 year presence in the Middle East with major announcements

Posted by | Feb 18, 2007 | |

At a press conference held to commemorate the anniversary in Dubai Dr. Klaus Zumwinkel, Chairman and Chief Executive Officer of Deutsche Post World Net, announced the Group’s growth strategy for the region.

DHL, the world’s leading express and logistics operator, is set to expand its operations at Dubai World Central by more than 300,000 square metres over the coming years. These plans were supported by the news that the DPWN Group will invest significantly into expanding their presence in the region at the new Dubai Logistics City (DLC).

The expanded facilities build upon the existing footprint of 85,000 square meters in the Jebel Ali Free Zone, which is operated by Danzas AEI Emirates. The group’s logistics entity, which represents the DHL Global Forwarding and Exel Supply Chain businesses in this region, recently announced two additional signing agreements. The first is on 30,000 square meters at the new Cargo Village Jebel Ali Airport forwarding area with an option for a further 15,000 square meters. It has also secured an additional 155,000 square meters in the DLC’s specialised contract logistics area with an option for another 78,000 square meters.

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Jordan looks for US$6bn investment

Posted by | Feb 11, 2007 | |

Investors from the GCC look set to begin a mad dash to acquire a foothold in Jordan’s economy as the Hashemite Kingdom invites offers for private companies to take a stake in key infrastructure projects.

Jordan will embark this year on a five year plan to lease key utilities and infrastructure, including airports, to investors and expects investments worth USD6bn, the Privatisation Commission’s head said on Tuesday.

Mohammad Abu Hammour, the head of Jordan’s Executive Privatisation Commission, said the “public private partnership” strategy to be launched in March would outline opportunities for international investors to run ports, utilities, postal services and public transport. “So our estimate for the coming five years is that we will have no less than USD6bn of public private partnership projects,” Abu Hammour said, referring to deals such as Build Operate Transfer (BOT).

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'Excessive' rates would ruin Israel Postal Company, union charges

Posted by | Feb 7, 2007 | |

Recommendations by a public committee to raise postal rates “too high” are threatening to cause the “collapse” of the Israel Postal Company, workers’ union head, Reuven Karazi, charged on Tuesday.

Communications Minister Ariel Attias is due to decide soon whether to accept the recommendations, which the union head said would bring about “rigidity” in rates and make it “impossible for the Postal Company to compete” with private entrepreneurs.

If rates are too high, the company will have fewer customers, services will suffer and many of its 7,000 employees will be dismissed, Karazi warned. He called on Attias to rethink the recommendations on rates, whose implementation, he said, would “decide the company’s fate.”

The union said it was launching a “struggle to save” the company, which was established last year as a replacement to the Postal Authority. The new for-profit government postal company is being increasingly exposed to private competition, as its monopoly in various services is being gradually lifted.

The Israel Postal Company is conducting discussions with the Communications Ministry on a “variety of basic issues, including its fee structure, company license and expansion of services” and management expressed its reservations about recommendations of the rate committee, the company statement said.

“We have made clear the far-reaching implications if management’s position is not adopted… We hope these efforts will succeed and that all will act to endure the existence of universal postal services to all that the company is obliged to provide.”

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Emirates Post declares record net profit of Dhs. 161 million for 2006

Posted by | Jan 24, 2007 | |

Announcing the financial results, H.E. Sultan Saeed Al Mansouri, Minister for Public Sector Development and Chairman of Emirates Post, said the net profit of Dhs. 161,346,897 reflected Emirates Post’s continuing pursuit of business diversification and excellence in delivery of services.

Mr. Al Daboos revealed that the postal network expanded by 4 per cent to 83 branches. Overall mail rose by 16 per cent, and the parcel segment increased by 15 per cent. The number of total services went up to 52, an increase of 18 per cent. There was a huge increase in the number of Government services provided at post offices. For example, the Ministry of Labour transactions rose by 108 per cent. Remittances rose by 95 per cent.

Commenting on expansion plans, Mr. Al Daboos said over Dhs. 270 million was allocated for new projects in 2007. The projects already nearing completion are a new purpose-built postal operations hub at Ramoul, a new post office building at Naif Road and the Al Mussafa Post Office in Abu Dhabi.

The projects being executed during 2007 include Al Satwa Post Office Building, Jebel Ali Post Office and a commercial building housing the Ajman Central Post Office.

Mr. Al Daboos also revealed that the plan for establishing the Emirates Post holding company was at an advanced stage.

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