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Invescape announces entry of Barloworld Logistics in the GCC

United Arab Emirates: Wednesday, September 28 - 2005 @ 09:35

The joint venture, Barloworld Logistics Middle East L.L.C., will initially focus on introducing its inventory optimization and management solutions set, Inventory Optimizer, to the Region and later integrate this within a comprehensive logistics service offering.

Mr. Barry Saxton, Director, Barloworld Logistics (Pty) Ltd. And Chairman of Barloworld Logistics Middle East L.L.C., said: “ We are very excited about entering this region. Our inventory optimization service is the first of its kind to be launched in the Middle East and has a proven international track record to help companies manage their inventories in a much more efficient way by reducing unnecessary stockpiling of products and at the same time maintaining the optimal levels of inventory the business requires. The solution is a combination of proven best practice in inventory management methodologies, breakthrough statistical techniques and world-class inventory management and modeling tools.” Barloworld Logistics Middle East L.L.C. has already generated considerable client interest in the U.A.E. and is expected to announce its first major contract in October 2005.

Mr. Muhannad Al Ashram, Director, Gulf Optimus, said: “We are delighted about our partnership with Barloworld Logistics and are confident about the uniqueness of their innovative logistics service offering. Logistics flows in the GCC region is showing robust growth and enhancing the region’s status as a gateway between East and West.”

“The entry of one of South Africa’s largest and most respected corporates into the GCC is testimony to the growing importance of the region as an investment destination for multinational corporations”, added Firdhose Coovadia, Chief Executive Officer of Invescape.
The initial operations will be headquartered in Dubai with offices to be subsequently opened across the GCC.

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Wednesday, September 28- 2005 @ 9:35 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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