News Content
Dubai's Gerry's dnata invests US$18 million in Pakistan air cargo
GROUNDHANDLER Gerry's dnata, a Dubai-based company that serves 12 international airlines at Pakistan's airports, is investing US$18 million to double its capacity by December 2017.
The expansion of the warehouse is expected to be complete by the last quarter of 2017, reports Dubai's Arabian Supply Chain.
"We have placed Pakistan's biggest order for ground service equipment worth $7 million and are investing another $11 million to double storage capacity of our warehouse at Karachi airport," vice president Syed Haris Raza told the Express Tribune.
Around 10 per cent of Pakistan's total cargo trade is air freight, according to Mr Raza, who estimates that around 500,000 tonnes is transported by air freight per year into and out of the country.
He added that the China-Pakistan Economic Corridor (CPEC) would contribute greatly to ongoing growth in Pakistan's air cargo sector.
Mr Raza said the ground service equipment will arrive in the next five to six months from different countries including France, Belgium, the UK, Canada, Dubai and China.
"Investment for expansion at the Karachi warehouse will double its storage capacity from the current 120,000 tons per year," he said.
The investment initiatives were undertaken after Saudi Arabian Airlines, which operates over 40 flights a week to and from Pakistan, outsourced its ground handling services to Gerry's dnata.
Gerry's dnata's other ground handling clients include Pakistan International Airlines, Airblue, Shaheen International Airlines and Air Indus.
The Dubai-based joint venture provides cargo handling services to international airlines such as Emirates, Turkish Airlines, Fly Dubai and DHL at seven airports in Pakistan.
The company claims to have a 60 per cent market share in handling cargo to and from international destinations.
The expansion of the warehouse is expected to be complete by the last quarter of 2017, reports Dubai's Arabian Supply Chain.
"We have placed Pakistan's biggest order for ground service equipment worth $7 million and are investing another $11 million to double storage capacity of our warehouse at Karachi airport," vice president Syed Haris Raza told the Express Tribune.
Around 10 per cent of Pakistan's total cargo trade is air freight, according to Mr Raza, who estimates that around 500,000 tonnes is transported by air freight per year into and out of the country.
He added that the China-Pakistan Economic Corridor (CPEC) would contribute greatly to ongoing growth in Pakistan's air cargo sector.
Mr Raza said the ground service equipment will arrive in the next five to six months from different countries including France, Belgium, the UK, Canada, Dubai and China.
"Investment for expansion at the Karachi warehouse will double its storage capacity from the current 120,000 tons per year," he said.
The investment initiatives were undertaken after Saudi Arabian Airlines, which operates over 40 flights a week to and from Pakistan, outsourced its ground handling services to Gerry's dnata.
Gerry's dnata's other ground handling clients include Pakistan International Airlines, Airblue, Shaheen International Airlines and Air Indus.
The Dubai-based joint venture provides cargo handling services to international airlines such as Emirates, Turkish Airlines, Fly Dubai and DHL at seven airports in Pakistan.
The company claims to have a 60 per cent market share in handling cargo to and from international destinations.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
