Kerry Logistics Network Limited has entered into a joint venture through participating in the equity of Globalink Logistics DWC LLC, a Dubai-based freight forwarding company with operations across Central Asia and the Commonwealth of Independent States.
According to Kerry, the deal will add Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Ukraine and Uzbekistan to its network.
“We are very excited about this joint venture, which is part of our development strategy to tap into the immense opportunities from the Belt and Road Initiative,” said William Ma, group managing director of Kerry Logistics. “The new partnership will allow the two groups to leverage each other’s competitive strengths and provide new options and cost-efficient multimodal solutions to our customers with greater flexibility and access to the strongest network in Asia. While we will continue to develop an overland transportation network for road, rail and multimodal freight services from China to Central Asia and Europe, we will also build upon our expertise in project logistics within our global network to exploit new business opportunities.”
Kazakhstan is expected to benefit most from the increased transit cargo flows along the China-Europe trade lane, according to Kerry.