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DP World’s Smart Solution Logistics signs agreement with Israel’s Allalouf Logistics

DP World’s Smart Solution Logistics signs agreement with Israel’s Allalouf Logistics

The logistics sector’s contribution to the UAE’s GDP is projected to increase by 8 per cent in 2021

Smart Solution Logistics

DP World’s port-centric logistics arm Smart Solution Logistics (SSL), based in Dubai, has signed an agreement with Israel-based Allalouf Logistics to explore new growth opportunities for the logistics and general freight forwarding business in the UAE and Israel.

Both entities will establish and maintain suitable freight stations required for the operational receiving, consolidating, loading, shipping, unloading and orderly release of cargo, and full container load.

The freight and logistics market in the UAE is regarded as a major enabler of the UAE’s economic diversification efforts. According to the Federal Competitiveness and Statistics Authority, the logistics sector’s gross output amounted to Dhs219bn in 2018. Additionally, the sector’s contribution to the UAE’s GDP is projected to increase by 8 per cent in 2021, the Dubai Media Office reported.

“We take pride in the fact that we have been able to consistently contribute to the growth of the economy and we will continue doing so. Despite the Covid-19 crisis, we achieved a 30 per cent year-on-year jump in revenue,” said Albert Kraak, COO of SSL.

Located in Dubai’s Jebel Ali Port with excellent connectivity to terminals at the port, DP World’s SSL offers a range of containerised logistics solutions. It helps companies link their supply chain to any part of the world using high-end IT platforms and variety of transportation modes.

Through its collaboration with Allalouf Logistics, part of the Allalouf Group, one of the largest and longest established shipping agencies in Israel, the company aims to make further inroads into the Israeli and other prime global markets.

“Through our collaboration with Allalouf Logistics, our primary goal is to expand our network and reach markets that were inaccessible in the past,” said Kraak.

Gil Miller, managing director, Allalouf Logistic, added, “The onset of the global pandemic has underpinned the importance of the logistics sector. Collaborations like these are essential to tackle the challenges in the supply chain and keep economies running.”

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