Offers faster deliveries, better access to western parts of Saudi Arabia
RIYADH – Shipa Delivery, a leader in on-demand, first-mile and last-mile deliveries across the GCC, announced that it will add a Jeddah e-commerce gateway to its two existing Saudi gateways in Riyadh and Dammam, reducing delivery times for both inbound and outbound shipments.
The Jeddah gateway will expand international merchants’ access to the fast-growing Saudi market, enhancing customer experience with quicker deliveries. It will offer increased capacity during peak periods and reduce emissions for deliveries to Saudi Arabia’s Red Sea corridor and western portions of the Kingdom.
Shipa Delivery announced the opening of the Jeddah gateway Sunday at the Global Logistics Forum in Riyadh, alongside its parent company, Agility, a supply chain services, infrastructure and innovation company with more than two decades of investment and operational experience in Saudi Arabia.
Shipa Delivery’s footprint in the Kingdom includes more than 18 hubs and 500+ delivery vehicles. The company’s proprietary technology platform gives shippers full tracking and visibility, and offers them a one-stop shop to manage clearance, fulfilment, deliveries, reverse logistics and other functions.
The new Jeddah gateway will open in January and cut 12 to 24 hours from delivery times in the western part of the Kingdom.
“The Jeddah gateway will make our e-commerce clients more competitive by shortening delivery times. It allows us to expand our capacity in the Kingdom by up to 15%, relieving constraints that arise during peak periods, and it allows us to introduce more routes to more delivery destinations within Saudi Arabia,” said Shipa Delivery CEO Borhene Ben Mena.
The Saudi e-commerce market, largest in the Middle East, is one of the fastest-growing in the world. It is growing at an annual rate of 13.5% vs. the sector’s global growth rate of 11.2%, according to Economy Middle East.
Reference to the above-mentioned subject, Agility Global PLC, would like to announce that one of its subsidiaries, plans for the final phase of expansion at the Agility Logistics Parks (ALP) warehousing complex in Riyadh.
The expansion project represents an investment of 250 million SAR and will add 100,000 SQM of warehousing capacity to the complex, taking the total available warehousing space to 551,368 SQM. The first phase of the expansion will be ready and operating in Q1 2025.
DUBAI, June 6, 2024 – Menzies Aviation, the leading service partner to the world’s airports and airlines, an Agility Global company, has completed its acquisition of a 50.1% stake in Groundforce Portugal.
Groundforce Portugal manages more than 100,000 aircraft turns every year across five of the busiest airports in Portugal, where it provides ground and air cargo services to several leading global airlines. Upon completion, Menzies secures a 65% market share in Portugal.
The successful completion of this transaction, more than 12 months after the agreement was first announced in March 2023, marks a significant milestone in the recovery and revitalisation of the ground handling company with an impact on the entire national economy. It reaffirms Menzies’ commitment to strengthening handling capacity across the aviation network in Portugal, in partnership with TAP which retains a 49.9% stake in the business.
Groundforce Portugal will be rebranded as Menzies Aviation, becoming part of the world’s largest aviation services company with 50,000 employees and operations at over 290 locations in more than 65 countries, on six continents. Menzies will welcome more than 4,000 employees working across five airports: Humberto Delgado Airport (LIS) in Lisbon, Francisco Sá Carneiro Airport (OPO) in Porto, Gago Coutinho Airport (FAO) in Faro, Cristiano Ronaldo International Airport (FNC) on Madeira and Porto Santo Airport (PXO) on Porto Santo Island in Madeira.
Together with TAP, Menzies Aviation will invest in advanced technology, in a strategic move to underscore its dedication to elevating standards, enhancing efficiency, and ensuring sustained growth. It will also support staff development as the company builds its presence in Southern Europe.
Hassan El-Houry, Executive Chairman, Menzies Aviation said: “Today’s announcement is the culmination of a year-long process to transfer ownership and progress the revitalization of the Portuguese aviation sector. We are committed to our strategic investment in the region, paving the way for a future where innovation and excellence take centre stage. This milestone opens a new chapter for Menzies in Portugal and the Southern European region, and we look forward to working together to deliver high-quality services across the country’s aviation network.”
Philipp Joeinig, Group CEO, Menzies aviation said: “We are delighted to embark on an exciting venture in Portugal, working with TAP Portugal and our new employees to deliver unmatched aviation services, upholding our commitment to safety, security, and excellence. The integration of Groundforce Portugal employees into Menzies is eagerly anticipated, as their expertise will provide invaluable in fostering the growth and expansion of Portugal’s aviation sector.”
Multi-business owner and operator and long-term investor present in 70+ countries owns portfolio of sector-leading businesses and assets
ABU DHABI – MAY 2, 2024 – Agility Global PLC (“Agility Global”), a multi-business operator and long-term investor in sector-leading global and regional businesses, announced that its shares are now trading on the Abu Dhabi Securities Exchange (ADX), one of the fastest growing stock exchanges in the world. This listing brings the number of companies on ADX to 97 companies.
Agility Global has revenues of USD 3.9 billion, EBITDA of USD 0.6 billion, 50,000 employees and operations in 70 countries.
Agility Global’s international assets include Menzies Aviation, the world’s largest aviation services provider, Tristar, a global leader in fuel and chemicals storage, shipping and logistics, and Agility Logistics Parks, a leading owner and developer of industrial real estate in the Middle East, Africa and South Asia. Agility Global’s portfolioalso includes a 9% stake in DSV, the world’s third-largest freight forwarder.
Agility Global Chairman Tarek Sultan said: “Agility Global is one of the region’s most exciting growth stories. We are a company with diversified assets in growing sectors, run by an experienced management team with a proven record of long-term value creation. Our portfolio businesses are global and regional leaders in their sectors. We have a strong balance sheet, a sharp focus on shareholder value, and a deep commitment to ESG best practices. Agility Global’s ADX listing highlights the ADX’s role as a hub for diversified growth companies with strong potential for value creation across a variety of industries, and the ability to attract global and regional investors.”
Abdulla Salem Alnuaimi, Chief Executive Officer of ADX, said: “We are pleased to welcome Agility Global to the ADX family and add to the dynamism of our listing platform. Agility Global’s diverse portfolio of businesses and assets complement and support the growth of various key sectors in the UAE, and it provides local and foreign investors with new investment opportunities via ADX. This listing is an extension of ADX’s ongoing commitment to bolster Abu Dhabi’s economic strategy and foster greater sustainable growth in the UAE and the wider Middle East region.”
We note that Agility Global’s shares rose 300% in its debut trading on ADX and closed as one of the top gainers in market value and volume. Their performance reflected thelocal and regional investors’ interest in this new addition and demonstrated the market’s support. We welcome more regional and international issuers to tap on ADX’s capital market to fulfill their growth ambition.”
First Abu Dhabi Bank PJSC, Morgan Stanley & Co., Citigroup Global Markets Limited acted as financial advisors. Kuwait Financial Centre “Markaz” facilitated the process for shareholders to receive their in-kind dividend distributions.
Agility Global PLC is pleased to announce that BHM Capital has been appointed as liquidity provider for its shares which will be listed on the Abu Dhabi Securities Exchange on 2 May 2024.