Innovation and quality pay off for Aramex
Aramex, the Amman-based global transportation and logistics services company, is literally flying. Reason: Its net profits for the first half of 2009 stood at AED93.1 million (US$25.4 million) Ã¢â‚¬“ a whopping 25 per cent growth over the AED74.6 million it posted in the same period 2008 and this, with the severe downturn. Manfred Singh reports.
September 1, 2009
He went on to add that Aramex continued Ã¢â‚¬Å“to see, and benefit from, an accelerated trend among companies across the Gulf region towards outsourcing logistics servicesÃ¢â‚¬Â. Therefore, it was the ideal time for Ã¢â‚¬Å“steady geographic expansion in key emerging countries, mainly in Africa and Central Asia, which we believe are underserved. We also remain committed to invest further in developing our logistics infrastructure across the GCC and the Levant.Ã¢â‚¬Â ThatÃ¢â‚¬™s Fadi Ghandour. Clear in his vision anda seeker of opportunities.
Established in 1982, Aramex has created a place for itself. Spread out worldwide, the company has been mentioned by economist Thomas L. Friedman in his book The World Is Flat because it had been able to derive the maximum benefit from Ã¢â‚¬Å“the flatteningof the worldÃ¢â‚¬Â.
A climate of collaboration
Ghandour took advantage of the liberal climate which enabled him to compete globally and collaborate with others. What started off as an express wholesaler for express delivery companies like FedEx, Airborne Express and others with DHL as its main competitor, Aramex today provides a gamut of services from express, logistics, freight forwarding and domestic distribution to mail-order catalogue services and mail forwarding services.