The Investment Corporation of Dubai, the principal investment arm of the Dubai government, has launch ISS Global Forwarding, a wholly owned subsidiary specializing in supply chain logistics.

ISS Global Forwarding is headquartered in Dubai and operates out of the Dubai Airport Free Zone. The company be led by Enver Moretti and will focus on global freight forwarding, contract logistics and projects, particularly in the oil and gas sector.

“We are establishing ourselves as a regional powerhouse and our aspiration is to be recognized within the supply chain logistics industry as a customer-centric organization,” said Moretti.

The establishment of 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 specializing in marine services on the one hand and supply chain services on the other, with the aim of optimizing the growth potential, customer focus and core competencies of each.

ISS Global Forwarding will initially be present in 18 countries, including the UAE, India and Turkey as well as others across the Middle East, Africa and Europe. As part of its growth strategy, the company also plans to expand its footprint to Asia Pacific, mainland China and Singapore.

ISS Global Forwarding also benefits from partnerships with global operators, providing customers with multimodal, end-to-end supply chain solutions.

“We are confident in the future global growth opportunities presented by the supply chain logistics industry,” said Mohammed Ibrahim Al Shaibani, CEO and executive director of the Investment Corporation of Dubai. “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.”