Mike King, Special Correspondent | Nov 28, 2011 8:56AM EST
Aramex is expanding its presence in China by creating a joint venture with Sinotrans Air Transportation Development Co., as the Dubai-based logistics providers aims to tap growing trade between the Middle East and China.
Aramaex's deal with Sinoair, a major forwarder and express provider in China, provides customers with a variety of services, including ocean, air and ground transport, along with logistics and warehousing. Aramex Sinoair has already opened offices in Shanghai offering forwarding and warehousing services and additional offices are planned for Beijing, Guangzhou and other major centers.
“The opportunities for Aramex in China are clearly tremendous, and we believe that through our partnership with Sinoair, we will be well-positioned to extend our full range of services across China to meet the growing demands of the economy, while linking China with its major trading partners in the Middle East and Africa,” said Othman Al Jeda, Aramex's CEO in Asia.
China government figures show a 36 percent year-over-year trade increase between China and the Middle East in the first half of 2011, which totaled $120 billion in the period.
-- Contact Mike King at michael@borderline.eu.com
