GCC countries to establish joint logistics company
The Gulf Cooperation Council (GCC) is planning to establish a joint integrated logistics company, according to the vice president of the GCC Transport Committee.
Qatar’s Peninsular newspaper quoted the VP, Ali bin Abdulatif Al Misnad, as saying: “There is a serious discussion going on among the GCC members to create an integrated logistics company which will take care of all kinds of logistics and transportation related services.
“Once the company starts its operation it will save a lot of time. Truck drivers, helpers and others involved in road transportation will not have to worry for customs clearance and other related issues. All the paperwork will be ready for them, and they will just need to drive,” he added.
According to the report, the company is set to start operating in the third quarter of 2014. It will be established on a PPP (public-private partnership) model and offer services related to road transport, customs clearance, visa issuance, and insurance. The company will also aim to offer rail services once the GCC rail network launches.
“It is in the pre-feasibility study stage, but all the member states have expressed keen interest, and I am confident that it will start operating from the third quarter of next year,” said Al Misnad.