November 25 - The Saudi Arabia-based Almajdouie Group has invested in a new freight forwarding venture, Maxx Global, which will target the project logistics and general cargo sectors.
Investors in the company include India's Sahil Freight, Cargo-Partner of Austria, De Rijke Logistics from Holland and S I Mustafa (pictured below), Almajdouie's long-serving vice president of logistics.
Having appointed Abdullah Ali Almajdouie as chairman, Maxx Global hopes to grow its business by inviting other companies to invest in the start-up.
In addition to its operating HQ in Dubai, it plans to open a further nine offices in the Gulf and one in Kuala Lumpur, Malaysia. A Canadian office is already active. "When you bid for global projects you need local know-how and contacts to gain the confidence of clients," explained Raza Esmail, Maxx Global's vice president, global development.
"Maxx is all about synergy we have found partners with the same concept: family-orientated companies who think outside the box."
In a separate development, Almajdouie has formed a specialist company, Petrologi, to offer petrochemical logistics solutions on an international basis.
Partners in the new firm, based in Bahrain, include De Rijke and Sumitomo, of Japan.