Momentum Logistics to invest Dhs1bn over next seven years

The company offers a complete suite of top-quality 3PL and supply chain management services, including freight forwarding, transportation, storage and container repair services to clients looking to outsource their logistics requirements.

These provide a natural extension of the services offered by Momentum's well-known parent company, Gulftainer.

According to Momentum Logistics General Manager, Matthew Derrick, the time is ripe for logistics-focused companies in the UAE, and in the Middle East in general.

"In light of the current global situation, we believe that the need for dedicated logistics companies in the region is greater than ever."

said Mr Derrick.

"We also believe that exceptional service within this field will be an important distinguishing aspect for Momentum Logistics, as we prepare to take the level of service and communication to the next level."

Momentum's offices in the Sharjah Inland Container Depot (SICD) form the base of operations for its first freight forwarding office, which, along with its transportation division, is ready to commence operations.

According to Mr Derrick, this will be the first of three offices, with another scheduled to open in Dubai in 2009, and the third in Abu Dhabi later in 2009.

Once Momentum has established itself within the UAE, the company plans to continue its expansion and become a global provider of choice for 3PL and supply chain management services, with a total projected investment of Dhs1bn over the next seven years.

Momentum has already announced its plans to develop a one-of-a-kind logistics city from which customers will be able to manage their entire supply chain.

International Logistics City (ILC) is a 700,000 square metre development located in Sharjah that will become home to Momentum's first 25,000 square metre state-of-the-art distribution centre.