PWC Logistics sets up UAE venture

End-to-end supply chain solutions provider announces agreement with Al Bateen Investment Company and Bin Jabr Group

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By  David Robinson Published  March 6, 2005

PWC Logistics, a leading provider of end-to-end supply chain solutions in the Middle East, has announced an agreement with Al Bateen Investment Company and Bin Jabr Group to form PWC Logistics UAE. This new company will be listed on the UAE stock exchange in two years. The agreement was signed by Thafer Al Ahbabi, general manager of Al Bateen Investment, Saeed Bin Jabr Al Suwaidi, president of Bin Jabr Group and Khaled Mohammad Al Mutawa, general manager - Oil and Government, of PWC Logistics. "The creation of PWC Logistics UAE which will begin operating in April 2005, goes hand-in-hand with PWC's regional and global expansion strategy by providing investment opportunities within the governmental sector and privatization projects in the United Arab Emirates," said Al Mutawa. "Additionally, this joint venture will increase PWC's activities in the freight forwarding, transportation and logistics services, areas in which PWC excels. This joint venture will both strengthen cooperation across the GCC and stimulate investment and job growth in the UAE. The implementation of advanced logistics techniques throughout the operation will both boost productivity and reduce logistics costs, he said.

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