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Structural change for Inchcape in Dubai

Mar 03, 2019
The Investment Corporation of Dubai, the principal investment arm of the Government of Dubai, has announced the launch of ISS Global Forwarding last year, a wholly-owned subsidiary focused on supply chain logistics.

The establishment of ISS Global Forwarding is the result of a strategic directive by the Government of Dubai to separate Inchcape Shipping Services Holding Ltd into two standalone companies, with the aim of optimising the growth potential, customer focus and core competencies of each, being marine services and supply chain logistics. Inchcape continues to run the packing and removal business historically called ISS Worldwide Movers and has renamed it as Inchcape Worldwide Movers.

ISS Global Forwarding will initially be present in 18 countries across the Middle East, Africa, Europe, India and Turkey. As part of its ambitious growth strategy, the company will expand its footprint to Asia Pacific, mainland China and Singapore. In addition, ISS Global Forwarding benefits from a global network thanks to partnerships with global operators, thereby providing its customers with multimodal, end-to-end supply chain solutions.

ISS Global Forwarding will be led by industry veteran Mr Enver Moretti and a highly experienced senior management team. "We are establishing ourselves as a regional powerhouse and our aspiration is to be recognised within the supply chain logistics industry as a customer centric organisation," said Mr Moretti.

"We are confident in the future global growth opportunities presented by the supply chain logistics industry. We see particular value at this time in the long-term growth opportunities afforded within the emerging markets region where ISS Global Forwarding enjoys a strong presence," said H E Mohammed Ibrahim Al Shaibani, CEO & Executive Director of the Investment Corporation of Dubai.

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