Includes: "Etihad Export Credit", "Dubai Multi Commodities" and "Fly Dubai"

3 Emirati institutions join the "global logistical passport"

Sultan Bin Sulayem: “(DP World) is proud to be part of Dubai’s initiative to remove barriers to trade.”

Three leading institutions in the UAE, namely: (Union Export Credit), (Dubai Multi Commodities Center) and (flydubai), announced their joining the Global Logistics Passport initiative, which was launched to enhance business opportunities among developing markets.

The Chairman and CEO of Dubai Ports World Group, Sultan Ahmed bin Sulayem, said in a statement issued yesterday that “(DP World) is proud to be part of Dubai’s initiative to remove barriers to trade between the countries of the South and increase its prosperity, building »On the distinguished position of the Emirate of Dubai as a global logistical center.

He added, "We welcome the three institutions to join the global logistical passport initiative team, by mobilizing the capabilities of the infrastructure and vast expertise, to make trade faster, easier and more cost-effective."

For his part, Chief Executive Officer of Al Etihad Export Credit, Massimo Falcioni, said: “We appreciate the great efforts made by (DP World) to facilitate commercial operations between developing markets regionally and globally,” noting that it reflects providing maximum support to companies operating in the UAE. , Through the initiative, which will help it make the most of its business operations.

In turn, the first CEO and CEO of the Dubai Multi Commodities Center, Ahmed Bin Sulayem, said, "The transformation in logistics, supply chains and distribution channels, through projects such as this one, undoubtedly adds an optimal value to global trade and unlocks a new set of opportunities."

In the same context, the CEO of Fly Dubai, Ghaith Al-Ghaith, said that “(flydubai) is always committed to facilitating trade and communication through its headquarters in Dubai, and by joining the (Global Logistic Passport) initiative, we are moving forward with another step forward. ».

It is noteworthy that the global logistical passport initiative was launched at the World Economic Forum 2020 in Davos, and brings together: Dubai Customs, Dubai Ports World, Emirates Airlines, and Dnata.

Advantages of the "initiative"

The Global Logistic Passport initiative helps reimagine the movement of goods and services around the world, and contributes to increasing the flexibility of supply chains and removing barriers that prevent developing economies from trading freely.

Through these advantages, different countries and regions can access new markets, diversify trade in existing products, and increase market shares in major products among developing economies.

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