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UAE-based global conglomerate Transworld Group and Yokohama, Japan-based Suzue Corporation have signed a strategic agreement for the formation of a joint venture company to explore the growing logistics business opportunities within the Gulf region, Indian Subcontinent and Japan.
Under the agreement, Transworld Group and Suzue Corporation will incorporate a joint venture company at Jebel Ali Free Zone in Dubai to focus on the Gulf region, Indian Subcontinent and Japan. The company will provide comprehensive services to their global customers in supply chain management, international freight forwarding, Customs clearance, warehousing and distribution, land transport and other related logistics services. It will also have a focus on land bank development for commercial purposes in the Middle East, Indian Subcontinent and Japan.
The geographical region covered by the agreement will initially include Gulf Cooperation Council (GCC) countries, Indian Subcontinent and Japan, with the possibility of extending it to other South-East Asian nations.
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