The government of Dubai’s investment arm, Investment Corporation of Dubai has launched ISS Global Forwarding, a wholly owned subsidiary focused on supply chain logistics.
The establishment of ISS Global Forwarding is the result of a strategic directive by the government of Dubai to separate Inchcape Shipping Services Holding into two standalone companies with the aim of optimising the growth potential, customer focus and core competencies of each, being marine services and supply chain logistics.
Operating out of the Dubai Airport Free Zone, located in the heart of Dubai adjacent to Dubai Airport, ISS Global Forwarding will focus on core activities of global freight forwarding, contract logistics and projects/oil and gas.
ISS Global Forwarding will initially be present in 18 countries across the Middle East, Africa, Europe, India and Turkey, and as part of its ambitious growth strategy, the company will expand its footprint to Asia Pacific, Mainland China and Singapore.
The company will be led by Enver Moretti, who says: “We are establishing ourselves as a regional powerhouse and our aspiration is to be recognised within the supply chain logistics industry as a customer centric organisation.”
Investment Corporation of Dubai chief executive officer and executive director, His Excellency Mohammed Ibrahim Al Shaibani says: “We are confident in the future global growth opportunities presented by the supply chain logistics industry. We see particular value at this time in the long-term growth opportunities afforded within the emerging markets region where ISS Global Forwarding enjoys a strong presence.”