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

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, those being marine services and supply chain logistics.

Headquartered in Dubai and operating out of the Dubai Airport Free Zone, ISS Global Forwarding will focus on the core activities of global freight forwarding, contract logistics and oil & gas.  The company will be present in 18 countries across the Middle East, Africa, Europe, India and Turkey. As part of its ambitious growth strategy, ISS will expand its footprint to Asia Pacific, mainland China and Singapore.  The company will be led by Enver Moretti.

Meanwhile, HE Mohammed Ibrahim Al Shaibani, CEO & Executive Director of the Investment Corporation of Dubai commented, "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."