Dubai, UAE: Aramex, a leading global provider of comprehensive logistics and transportation solutions, today announced the launch of a joint venture with ZK Holding, a leading Abu Dhabi-based investment company, to provide a comprehensive range of services to support local and international businesses in Iraq, including domestic and international express, freight forwarding and contract logistics.

The joint venture will support Aramex’s efforts to strengthen its presence in Iraq and expand its pickup and delivery services by leveraging ZK Holding’s extensive presence in the local market, with over 7,000 points of sale across the country. This network will also facilitate and enhance logistics operations in over 15 cities in Iraq.

The partnership, which will commence operations in the first quarter of 2025, aims to serve both corporate and individual clients in Iraq. The project will play a pivotal role in enhancing the use of new trade routes and facilitating trade exchange, in addition to helping companies enter new markets .

On this occasion, Othman Aljeda, CEO of Aramex, said: “We are pleased to partner with ZK Holding Group to strengthen our presence in the Iraqi market, which is full of strong and promising potential. This partnership will help us grow our portfolio of solutions and products, thus contributing to increasing trade exchange and promoting economic growth in Iraq and the region. We look forward to working with ZK Holding Group to provide practical commercial solutions that benefit businesses and consumers alike in the region and beyond.”

In turn, Dr. Ziad Khalaf, Chairman of the Board of Directors of the International Development Bank and Chairman of ZK Holding Group in Abu Dhabi, said: “We are proud of this strategic cooperation and joint venture with Aramex, which reflects ZK Holding Group’s ambition for regional expansion and its pivotal role in promoting growth by entering new markets. Through the group’s sister companies, we will work to provide integrated logistics solutions and support operations in Iraq, in addition to facilitating cross-border trade by harnessing all capabilities in the financial, industrial and logistics sectors.”

“Aramex has a proven track record and a wide network, and this partnership represents an important step for us towards expanding our regional presence and diversifying our business portfolio. We are confident that this collaboration will help us achieve our common goals and provide exceptional services to our customers, both now and in the future, in accordance with the highest international standards,” added Dr. Khalaf.

This initiative comes at an important and promising time for Iraq, as the e-commerce market is expected to grow at a CAGR of 11% between 2024 and 2029, reaching USD 6.3 billion by 2029, according to Statista. The partnership brings together Aramex’s expertise and extensive global network with the strong presence of ZK Holding Group to unify efforts and build a robust logistics services system that fully leverages the potential of the Iraqi market and contributes to the local economic development process. The new joint venture will also help consolidate Aramex’s leading position in the Middle East and enhance trade exchange in the region .

About Aramex:

Since its founding in 1982 , Aramex has grown rapidly to become a leading brand in the logistics and transportation sector, distinguished by its specialized services and innovative global solutions that meet the needs of businesses and individuals around the world. Listed on the Dubai Financial Market (since 2005 ), Aramex is headquartered in the United Arab Emirates, benefiting from the country’s location as a bridge between East and West.

Today, our operations span over 600 cities in over 70 countries around the world, employing over 16,000 experts in the field of transportation and shipping. Aramex’s operations are concentrated in four main business sectors, ensuring a broad and diverse scope of operations, and providing comprehensive service offerings that meet the needs of all customer categories, from businesses to individuals alike . These services include:

• International express shipping services including Aramex package consolidation and shipping services (“Shop & Ship and MyUS”).
• Express local shipping services
• Shipping Services
• Logistics and Supply Chain Solutions

Sustainability is a fundamental pillar in achieving our vision and mission. We are well aware that developing our business and maintaining its actual sustainability elements requires us to employ our core competencies in order to make a positive impact, as part of our commitment to applying the concepts of good corporate citizenship in all the communities in which we operate. Therefore, we continue to cooperate with local and international institutions that focus on achieving the same goals, with the aim of reaching more beneficiaries each year through carefully targeted and studied initiatives and programs, in a way that ensures making a positive impact in the long term and contributing to the development and growth of communities.

About ZK Holding Company

ZK Holding Company includes sister companies spanning decades, reflecting a long heritage of innovation and growth. It provides a model for innovation, diversity and sustainability. The company is based on a comprehensive investment portfolio that includes 8 main sectors, including the financial sector, insurance, energy, logistics, industry, information technology, real estate and tourism, and relies on 60 years of experience and the dedication of more than 1,500 employees. The company aims to consolidate its strategic position in a way that contributes to achieving excellence and leadership in the global knowledge economy, and providing ideal opportunities to enhance economic development, relying on its professionalism and commitment to the principles of transparency and institutional efficiency to ensure a prosperous future for future generations .

ZK Holding Company is an Emirati company headquartered in Abu Dhabi. It is an integrated company that brings together several companies operating in different countries, and focuses on stimulating and developing economic growth, especially in markets that are characterized by great investment opportunities such as Iraq, the Emirates, and many other countries.

For more information about ZK Holding, please visit: https://zkholding.ae /

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