NTDE, ILB sign joint venture to open logistic hub in Dubai

The Dubai hub, built in response to the rapidly growing logistics requirements of the region, will provide a plethora of services to Middle Eastern and Asian countries, including vendor managed inventories, Risk Management through outsourcing, on-site logistics management, cross border transportation and regional distribution centers.

The joint venture benefits each company with specialized logistics strengths; NTDE has extensive experience in warehousing, storage, fleet management, third party logistics and IT while ILB is a powerhouse in logistics services, warehousing (bonded and non-bonded), international freight forwarding and customs brokerage and transportation and container haulage. The venture is geared in particular to handle logistics operations in relation to electrical and electronics items. The Joint Venture also covers Malaysia, China and Dubai, United Arab Emirates.

"We are broadening our Middle East and North Africa operation with the new central hub in Dubai," said Farid Ahmadi of NTDE.

"During this expansion process it is essential that a world-class infrastructure facility is in place to meet the growing demands of the market. In order to provide better services to customers, more sophisticated use of technology is vital as these results in associated cost-savings and improved performance."

New fully integrated technologies are being deployed, as the backbone of this new infrastructure, and will comprise a range of logistics solutions. As the volume of trade in the Middle East increases and more companies look to do business in and around the region. In the UAE alone we have seen a tremendous growth in the logistics industry," he added.

"We consider our association with NTDE a valued and timely diversification. The foundation of the new hub is a clear signal that we are investing in the development of future markets. This step brings us even closer to our customers and allows us to strengthen our focus on their requirements, in line with our vision to provide better and fast services to our customers," said a representative of ILB.