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Middle East Facility Opens for Peli Biothermal

Middle East Facility Opens for Peli Biothermal

Global temperature controlled packaging company, Peli Biothermal, announced next steps in its global expansion efforts with the opening of the Jeddah, Saudi Arabia drop point. The announcement follows the companies goals of expanding its global footprint, primarily in the Middle Eastern region.
Additionally, the new drop point puts the company one step closer to meeting their goal to exceed 100 network stations and drop points for its rental program for 2019.
“Our Crēdoon Demand rental program is designed to provide our customers with options,” said Dominic Hyde, vice president of Crēdo on Demand. “Adding another drop point in key logistics hubs in the Middle East will allow our customers in pharmaceutical distribution the flexibility and convenience to choose the best drop-off location for their business needs.”
The new location benefits PeliBio Thermal’s Crēdo™ on Demand rental program by increasing available drop points, providing opportunities for growth in the region. The new facility will provide protection for globally transported payloads containing life sciences and pharmaceuticals.

Source: Peli Biothermal

Cold Chain Packing and Peli Biothermal To Exhibit at Arab Health

Global leader in temperature controlled packaging, Peli Biothermal will join distributor partner, Cold Chain Packing in exhibiting shipper solutions at Arab Health in Dubai to support Middle Eastern expansion efforts. This event is known for being one of the largest exhibitions in the world. Products scheduled for feature include Peli Biothermal’s CoolPall™ Flex system as well as is Crēdo™ Cargo.

“We are pleased to present our high-performing products and services at Arab Health alongside Saudi Arabia based Cold Chain Packing. Together we will be sharing our collective industry insight, knowledge and extensive expertise.

Differentiating features from Coolpall Flex system includes payload efficiency on aircraft, specifically for restrictive cargo spaces. Crēdo™ Cargo ensures and provides protection of globally transported life science and pharmaceutical payloads.

“With healthcare expenditure in the Gulf Cooperation Council (GCC) projected to reach US$104.6 billion by 2022, this region is a significant key growth area for Peli BioThermal, where our superior systems and products provide protection for pharma payloads in a region renowned for its temperature challenges,” Director of Sales EMEA at Peli BioThermal, Paul Terry, said. “The show’s substantial size allows us to showcase our shipper solutions and services to thousands of delegates, demonstrating our ongoing commitment to the region and collective capabilities to meet customers’ increasing requirements in this area.”

Spectators at the conference are encouraged to inquire about the company’s full product portfolio.

Source: Peli Biothermal 

 

And the winner is…

The Transport and Logistics Middle East ceremony awarded LogiPoint the official Logistics Zones Operator of the Year for their unmatched involvement and footprint in the logistics supply chain sector for the region.

According to the release, “By introducing Logistics Parks Modon 1 and Logistics Parks-South Jeddah we hopes to build on the success of the Bonded and Re-export Zone and develop similarly high quality integrated facilities throughout the Kingdom,” (W7 Worldwide).

The company is also applauded due to the remarkable development and operation of what is the largest and first re-export zone. With technology growing more in the economic and trade sectors, LogiPoint has stood the test of time with technology innovations and efforts to team up with stakeholders for a unified mission. Their efforts include an impressive facilities and warehousing in addition to customized alternatives for client needs.

With more innovation and conceptualization on the horizon, LogiTech focuses on integrating international logistics solutions in the mix. With 19 years of success and innovation to account for, LogiTech continues to create strategic planning and implementing standards that put them at the top with record numbers.

About LogiPoint

LogiPoint, which used to be known as Tusdeer but underwent a re-branding exercise last October, will contribute to the Kingdom’s vision of the future and renovate it into an integrated logistics solution provider by achieving global competitive standards, adapting to change creatively and adopting a customer-focused approach in a transparent manner.”

Source: W7 Worldwide 

What corporations should know about operating in Abu Dhabi

Economists have long debated the effectiveness of laws enacted to spur economic development. But cities continue to try to create jobs and wealth, and some like Abu Dhabi seem to be doing something right.

The capital of the United Arab Emirates in 2015 created a financial district where it relaxed tax and regulatory requirements to attract foreign investment. In three years, the Abu Dhabi Global Market has emerged as a vibrant business community featuring financial services companies and professional advisers.

Writing laws conducive to growth has secured Abu Dhabi’s place as a global financial center. It’s ranked 25th in the Global Financial Centres Index, just behind better known European financial hubs Frankfurt, Luxembourg and Paris.

Governance and law in the Abu Dhabi Global Market was modeled after its UAE neighbor, Dubai. Using its newfound oil wealth in the 1970s, Dubai started upgrading its infrastructure to become a commercial center in the Middle East. The fundamentalism of Gulf Coast countries, though, was a deterrent to foreign investment in the Middle East. Leveraging a concept called “free zones,” Dubai developed economic areas that waived corporate taxes, allowed 100 percent foreign ownership and simplified start-up processes.

It took the idea a step further in 2004 by opening a free zone called the Dubai International Finance Centre with its own legal structure, financial regulator and courts. The DIFC, as it’s known, is governed by British common law rather than Sharia law. A transparent legal regime aligned with international best practices offered certainty and familiarity to global financial institutions and foreign investors.

The legal changes combined with business-friendly regulations, political stability and modern infrastructure have turned Dubai into a favored city for business in the Middle East and Africa. It’s also at the center of trade between the East and West, connecting the region to the economies of Europe, Asia and the Americas. The DIFC has a working population of more than 22,000 people and 2,000 companies, according to its website. It has attracted many of the world’s largest banks, as well as multinational corporations.

The DIFC now has healthy competition from within the UAE. Abu Dhabi seeks to exploit its oil wealth –estimated at 6 percent of the world’s proven oil reserves – to transform its economy and global competitiveness.

The Abu Dhabi Global Market is in the capital’s shiny new Al Maryah Island, a half square-mile piece of land being developed by Mubadala, one of the world’s largest sovereign wealth funds. Taking a page from the Disney corporate playbook, Abu Dhabi has carefully planned the growth and development of the island. The first phase was the financial district, a shopping mall, a luxury hotel and the world-class Cleveland Clinic hospital. Another shopping center, featuring department stores Macy’s and Bloomingdales, is expected to open later this year. Al Maryah is poised to become one of the world’s most luxurious neighborhoods.

The financial center, known as ADGM, is housed in glistening new towers and a low-lying central building shaped like an upside-down trapezoid. Like its Dubai counterpart, it has an independent financial services regulator and a court system built on English law.

The ADGM’s legal approach is more progressive than the DIFC’s by adopting specified English laws and related jurisprudence. It also reaches out to its community or to experienced advisers on new considerations or initiatives before launching white papers for public comment. This allows any new laws or regulations to be carefully considered, which is unique in the market.

The ADGM has also reduced the need for laborious notarization and legalization processes, which add time and significant cost for any new company entering the market or expanding. It is the only jurisdiction in the Middle East offering this.

While ADGM permits a range of financial services, from banking to insurance to wealth management, it has also launched several firsts in the region, including a private real estate investment trust regime, a new venture capital framework for fund managers and an aviation financing scheme.

The existence and interaction of federal laws, individual emirate laws and free zone laws can be quite complex and confusing, making it essential to seek out a local expert. For example, a foreigner wishing to conduct business outside the free zone must have a local partner owning 51 percent of the business. Other challenges include a small domestic market, risks of speculative bubbles, geopolitical instability in the Middle East and dependence on oil.

Foreign investment in Abu Dhabi and Dubai allowed the UAE to weather the slump in oil prices that began in 2014. UAE saw the inflows of foreign direct investment increase by nearly 8 percent last year, to $10.3 billion, according to the United Nations Conference on Trade and Development. In sharp contrast, inflows of foreign direct investment to the region, excluding Israel, fell by 16 percent in 2017.

The UAE’s favorable business climate, led by the ADGM, had a lot to do with that.

 

About Stephanie Williams:

Stephanie, who joined TMF Group in 2013, has been working in the Middle East for 10 years. She’s a specialist in business structuring and corporate governance, as well corporate secretarial services and communication. She has helped set up businesses in the UAE and has broad knowledge of the local complexities.

Signarama Signs Middle East Franchise Deal

West Palm Beach, FL – Sign and graphic services franchisor Signarama signed an agreement with entrepreneur Ghassan Barazi, owner of the company’s master license in Canada, to bring the company brand to 20 Middle Eastern countries.

The new agreement will cover the countries of Oman, Qatar, Saudi Arabia, Jordan, Syria, Bahrain, Morocco, Yemen, Iran, South Sudan, Algeria, Egypt, Turkey, Israel, Iraq, Lebanon, Libya, Sudan, United Arab Emirates, and the Palestinian Territory.

Signarama offers branding and messaging solutions in addition to comprehensive sign and graphic services to consumers and commercial customers – from business signs, vehicle wraps, and digital signs, to advertising and marketing services.

Operating under the United Franchise Group as part of the $49-billion-plus worldwide sign market, Signarama has served the sign industry for more than two decades.

Approaching 900 locations worldwide, the company expects to have more than 1,200 locations worldwide by the end of 2016.

The Signarama brand was founded in 1986 by Ray Titus and his father, franchising pioneer, Roy Titus, and was recently ranked 28th on Franchise Direct’s ‘Top 100 Global Franchises’ list.

09/09/2014