EZ Post FZE, a recently formed Economic Zones World (EZW) subsidiary, signed a joint venture agreement with PostaPlus, the first licensed private postal operator in the Middle East, to form EZ Post FZCO in a step aimed at consolidating its various mail room operations.
EZ Post FZE and PostaPlus will own 51% and 49% of EZ Post FZCO’s shares, respectively.
The company, operating from the Jebel Ali Free Zone (Jafza), will provide comprehensive mailroom services such as: mail service, courier, mail room operations, sorting & storing, document scanning and verification and business center solutions to all EZW Group companies and their clients.
The joint venture was signed by Salma Hareb, CEO of Economic Zones World and Nabil Bin Salama, Chairman of PostaPlus.
At the singing of the contract, Salma Hareb said: “Our business is focused on delivering high-quality services that effectively enable us to facilitate our clients and their businesses. To do this successfully, we constantly evaluate our own internal processes and operations to generate optimum solutions. EZ Post is a strategic initiative designed to streamline our mail and postal services to achieve greater efficiency, better quality and lower cost. At present, there are more than 25,000 mail service transactions done by Jafza per month creating a need for a consolidated structural organization. Based on its established regional presence, we have partnered with PostaPlus, who will serve as manager and partner for EZ Post to help us achieve best results.”
Commenting on the venture, Nabil Bin Salama said: “We are delighted to partner with Economic Zones World. The roadmap chalked out for EZ Post is designed to provide faster, more flexible and reliable services to always better meet the needs of all users, private customers and businesses alike. PostaPlus has been successful in transforming courier and postal services in the Gulf and broader Middle East with its up-to-the-minute, world-class delivery solutions. Our priorities over the next several years will include strengthening the new service model, enhancing quality of service, and modernization of services to suit EZW’s continually evolving and multifaceted needs.”
EZ Post FZCO will be accountable for all courier and postal requirements of Economic Zones World, its subsidiaries and their clients. Services include seamless tracking of transactions from pick up till delivery, faster processing of transactions by verification of documents prior to pick up and round-the-clock assistance to its clients via a toll-free and IT help desk.
About Economic Zones World
Economic Zones World (EZW) is the global developer and operator of economic zones, business and logistics parks under the Dubai World Group. The company aims to create a robust infrastructure platform of industrial and logistics parks across the world with an objective to support the dynamic supply chain networks of its rapidly growing customer base.
The company’s vision is “to be the creator of business pioneers by cultivating economic wealth around the globe”. It seeks to create the world’s most efficient network of economic zones, industrial and logistics parks, adding value to its partners and the countries it operates in, achieving the highest standards in customer service and satisfaction, and enriching employees with opportunities.
As a responsible and socially committed global organisation, EZW aims to deploy its ever evolving customer-centric and dynamic business models to drive growth and maintain a sustainable society in the countries it operates in, while achieving quality commercial success for its corporate ventures.
EZW’s current portfolio includes Jebel Ali Free Zone (Jafza), Dubai’s flagship free zone operation, TechnoPark, a research driven business/ industrial park, Dubai Auto Zone, an industry specific free zone, and Jafza International, the overseas operations arm of the group.
About Posta Plus
Posta Plus is a Kuwaiti Closed Shareholding Company (KCSC) established with paid in capital of $20,000,000 and licensed to operate comprehensive postal services in Kuwait. With a vision to be trusted as number one delivery network in the Arab world offering a wide spectrum of high quality Postal, Courier, and logistics services. Company presence will additionally cover main gateways in other regions and alliances with regional operators to secure worldwide international services for its customers.
Through establishing and acquiring independent operators, Posta Plus today owns 9 companies operating in 6 countries, hiring more than 350 employees in addition to another 3 countries covered through franchises. Company presence in all targeted countries according to its business plan is expected to be completed before the end of year 2009.
Company operates in the UAE through its own subsidiary Modern Line Distribution – Speedex that has been operating in the field of courier and freight forwarding for more than 13 years.
Services:
• Local Express Delivery
• International Express
• Freight Forwarding
• Direct Marketing & Bulk distribution
• Mail Room Management
• Financial Services and Payment Collection
• Hybrid Mail
• Warehousing and Logistics
• Business Centres
Specialized Services
Fundamental to our approach is the recognition that different industries require different solutions to meet the challenges of their business. Our focus on industry sectors is highly specialized, with a team of industry specialists leading the design, handling, and support of these customized delivery and logistics solutions.
