SDV forms partnership with Dnata Cargo/Kanoo
French firm SDV International has joined forces with Dnata Cargo and Kanoo in order to consolidate its Middle East business.
The new company, branded SDV-UAE, is expected to become a major logistics service provider in the United Arab Emirates, with SDV owning a 49% share and the remaining amount be shared between Dnata Cargo and Kanoo.
The move has been designed to strengthen SDV's previous business in the United Arab Emirates, which has been conducted over the last 12 years through FreightWorks, a joint venture between Dnata Cargo and Kanoo.
"Dnata and Kanoo have enjoyed working together for a number of years under the Dubai Express-FreightWorks banner," said Mishal Kanoo, deputy chairman of Kanoo Group.
"The formation of SDV-UAE allows us to move to a new level and we are looking forward to taking our partnership forward into this very promising international dimension."
SDV has a large network of global offices and hopes to increase its business in the region with Dnata Cargo and Kanoo, particularly in the largely untapped African market.
The new operator will be run by a board of directors consisting of Jean Pierre De Pauw from Dnata, Mishal Kanoo from Kanoo, Herbert de St Simon from SDV, and Tony Stenning from SDV.
"We have been looking at having a permanent presence in Dubai for a few years now," stated Herbert de St Simon, SDV's CEO for Europe. "Dubai is one of the biggest transport hubs in the world and it makes every sense for us to be here. It was one of the few strong cargo hubs in the world where we did not have a presence."