Dubai-based logistics company Aramex said Monday that it has started a joint venture with the China-based freight forwarder/express/logistics company Sinotrans Air Transportation Development Co. (Sinoair).
The joint venture Aramex Sinoair is intended to link Aramex services with Sinoair’s broad coverage of the China market, with the first office opened in Shangahi.
“The formation of Aramex Sinoair not only expands and strengthens our operations in China and neighboring East Asian economies, but also gives us the ability to serve our global clients better, and opens up enormous new opportunities for us,” said Fadi Ghandour, Aramex founder and chief executive officer.
Further offices are planned in Beijing and Guangzhou.
According to China trade statistics, trade volume between China and the Middle East in 2010 surged to a record $190 billion, and in the first half of 2011, trade increased by 36 percent, to $120 billion.
Aramex and Sinoair tie up joint venture
