DHL Express UAE has entered into a strategic partnership with Meydan Free Zone to improve global shipping capabilities for businesses in the UAE. This agreement provides streamlined logistics, reduced shipping rates, and expert support, aligning with Dubai’s objective to enhance its role as a global trade and entrepreneurship hub. The partnership was formalized at the...
Abu Dhabi real estate giant Aldar has made a significant investment in logistics and commercial real estate, spending Dh530 million to acquire assets in the Almarkaz Industrial Park, located in the Al Dhafra region. The seller of these assets is Waha Land, a subsidiary of Waha Capital. This latest acquisition adds 182 500 square meters...
The UAE corporate tax law offers significant advantages for businesses operating in free zones, particularly with a 0% corporate tax rate applicable to transactions within these areas. This provision is especially relevant for Qualifying Free Zone Persons (QFZPs), who can benefit from this tax rate when they earn qualifying income from specific activities, even if...
Aldar, a company listed on the Abu Dhabi stock exchange, has made a significant investment of 530 million UAE dirhams (approximately $144 million) to acquire logistics assets located in the Al Dhafra region of the UAE capital. This strategic move aims to enhance Aldar’s logistics portfolio in a growing industrial area. The newly acquired assets,...
7X, a holding group involved in trade, transport, and logistics, has announced a strategic partnership with Amazon UAE. This collaboration will utilize the Dark Stores of 7X’s logistics arm, EMX, to serve as hyperlocal quick delivery fulfillment hubs. This arrangement aims to enhance the speed of delivery for high-demand products to Amazon’s customers. By positioning...
The Khalifa Economic Zones in Abu Dhabi, known as KEZAD, have announced the signing of a land lease agreement to establish a new warehouse valued at AED 50 million. This collaboration involves StockSpace and Axione Development, aiming to enhance logistics and storage capabilities in the region. This development is part of KEZAD’s broader strategy to...
JD.com, Inc., recognized as one of Goldman Sachs’ top Chinese stock picks, has announced a significant expansion into Saudi Arabia. On June 18, JD Logistics, the logistics division of the Chinese e-commerce giant, launched JoyExpress, its first direct-to-consumer express delivery service outside of China. This initiative represents a crucial advancement in JD.com’s strategy for global...
Abu Dhabi Ports has officially opened its new Customer Service Centre at Zayed Port, aiming to improve the level of service provided to its clients. This initiative is part of the organization’s ongoing commitment to enhance customer experience and streamline operations within the maritime sector. Credit: Middle East Logistics The new centre offers a range...
The Dubai Logistics Academy has announced the launch of its first cohort for the “Certified Specialist in Customs and Trade Operations” program. This initiative is a collaborative effort with Nafes and is part of Dubai Customs’ ongoing efforts to enhance the logistics and customs sector. This new certification aims to empower professionals in the field,...
Dutco and Sweid & Sweid have officially launched Terralogix, which is now recognized as Dubai’s largest privately-owned logistics park. This development is part of the emirate’s strategy to position itself among the world’s top five Grade-A logistics hubs. Spanning 3.3 million square feet, Terralogix is strategically located in Warsan, Northern Dubai, and is set to...