Able Logistics signs transport agreement with Iraq's National Transport Company
Able Logistics signs transport agreement with Iraq's National Transport Company
By: Contributor Able Logistics Group, whose revenues in 2011, are expected to exceed $200 million, is majority owned by GrowthGate, the GCC-based specialist buyout firm.
The distance between the Iraqi Southern seaports and the Turkish border city of Dohuk is approximately 1014 km.
Able Logistics Group, a UAE based logistics & transport company, has secured a deal with the National Transport Company, an entity of the Iraqi Ministry of Transport, for the co-management of land transport operations to and from Iraq.
Abdul Karim Al Zuhairi, the official spokesperson for the Ministry said to Al Hayat newspaper on 4 December 2011 that, “the terms of the agreement cover -in its first stage - the transport of goods destined to Iraq from the UAE ports, moving in a second stage to transiting goods by land from Iraq’s Southern seaports into neighboring countries, including 60 to 100 trucks per day. Furthermore, the National Transport Company and Able shall offer logistics support services by co-managing a land station in Basra dedicated for trucks and drivers”.
The distance between the Iraqi Southern seaports and the Turkish border city of Dohuk is approximately 1014 km. “This comes at a crucial time for multinationals and regional suppliers & manufacturers, when moving goods by land between Turkey and the Arab hinterland (Levant & GCC) will need alternative routes to the Syrian corridor, to avoid current delays or anticipated bans due to political turmoil,” a press release said.
Able Logistics Group, whose revenues in 2011, are expected to exceed $200 million, is majority owned by GrowthGate, the GCC-based specialist buyout firm.
Able Logistics signs transport agreement with Iraq's National Transport Company
