Aramex, Schenker strike cooperation deal

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Middle East logistics operator Aramex and German-based forwarder DB Schenker have signed a memorandum of understanding to offer upply chain solutions in critical industries to and from Abu Dhabi and the wider region. Leveraging DB Schenker’s extensive freight forwarding capacity it will boost Aramex’s capabilities and offerings in the region in sectors such as aerospace, defense, infrastructure, and healthcare. DB Schenker will be able to expand its presence in Abu Dhabi, a strategic and growing trade and logistics hub in the MEA region. Aramex’s freight forwarding business was largely focused on the cyclical oil and gas sector. While the company will continue to serve this important industry, it has witnessed less activity in recent years. However, in 2020 the healthcare, pharmaceuticals and FMCG segment helped offset some of this.

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