Aramex has announced a new joint venture with Abu Dhabi-based investment company ZK Holding to provide fully integrated services, including domestic and international courier, freight forwarding and contract logistics, in Iraq.
Through this joint venture, Aramex will expand its existing footprint in the country by tapping into ZK Holding’s extensive reach, including access to over 7,000 points of sales across Iraq, enabling widespread pickup and drop-off services. This network will help facilitate smoother logistics operations in more than 15 cities across the country.
Othman Aljeda, CEO of Aramex, said, “We are excited to join forces with ZK Holding to further grow our presence in Iraq, a market with significant potential. This partnership will allow us to enhance our offerings, helping to drive trade and economic growth in Iraq and beyond. We look forward to working together with ZK to provide seamless trading solutions that benefit businesses and consumers alike in the region and beyond.”
Dr Zead Khalaf, chairman of the board directors of the International Development Bank and chairman of the ZK Holding Group in Abu Dhabi, added, “We are proud of this strategic collaboration and joint venture with Aramex, which reflects the ambition of ZK Holding Group for regional expansion and its pivotal role in promoting growth by entering new markets. Through the sister companies of ZK Holding, we will provide integrated logistics solutions and support operations in Iraq and facilitate cross-border trade by utilizing all capabilities in the financial, industrial and logistics sectors.”
Operations are expected to commence in the first quarter of 2025, with the partnership aiming to serve corporate and retail customers in Iraq.