Both logistics giants to tap individual expertise to offer next-generation services to clients

Dubai, March 7, 2015: Liberty Logistics, UAE's leading provider of freight-forwarding services and Fast Logistic Solutions Group (FLS), a leader in global transportation and logistics, have entered into a joint venture agreement to synergize their individual strengths to offer superior services to clients locally and globally.

The new joint venture will begin operations in May 2015 from its headquarters in Liberty building in Dubai and its warehouse facilities in Jebel Ali Free Zone and Dubai Cargo Village.

The partnership agreement was signed by Sheikh Khalid Abdul Aziz Al Qasimi, Chairman of Liberty Investment Company, the holding company of Liberty Logistics, and Mr. Al Ameen, Chairman and founder of FLS Group.

"Liberty Logistics is delighted to enter into a major partnership with Fast Logistic Solutions Group. This will enable us to significantly expand our footprint on the international logistics map," said Sheikh Khalid Abdul Aziz Al Qasimi, Chairman of Liberty Investment Co. "The combined expertise of UAE's two leading logistics players will give clients vastly superior and highly reliable services, spanning the whole of the UAE and different parts of the globe."

"FLS Group, with 40 offices in Africa, UAE, India and the Far East, is on a high growth track and this partnership with Liberty Logistics gives us a new springboard for further expansion," commented Peter Scholten, CEO of FLS Group. "We are keen to build on our existing relationship with the Liberty Group and benefit from its strong UAE network. We believe together FLS Group and Liberty Logistics are in an unrivalled position to deliver high quality customized services to large corporate clients."

The signing ceremony was attended by Vishal Dhamija, General Manager, SNTTA Cargo; Mohamed Bushelaibi, Group General Manager, Legal & Shareholders Affairs, Liberty Investment Co.; Peter Scholten, CEO, FLS Group and Ravikiran Vishal, CFO, FLS Group.

Liberty Logistics, a member company of the UAE-based Liberty Group, has been providing freight forwarding services by air, sea and land, in collaboration with its sister company, SNTTA Cargo. In the new joint venture with FLS Group, Liberty Logistics will continue to provide best of next generation logistics services and expand its global footprint by entering into US, Europe and Middle East, with its own network of offices.

Fast Logistics Solutions Group (FLS), headquartered in Dubai, is a pioneer in the industry, offering scheduled air cargo services, air cargo charter solutions, international ocean freight, multi-modal air-sea-land door-to-door solutions, customs clearance, 3PL warehousing and distribution services. In 2014 FLS Group generated US$ 200 million revenue with airfreight volumes at 45,000 tons and ocean freight volumes at 20,000 TEU's. On the African continent, FLS Group has a network of 20 own offices.

Photocaption:

Sheikh Khalid Abdul Aziz Al Qasimi (seated left), Chairman of Liberty Investment Co (LIC), and Mr. Al Ameen (right), Chairman and founder of FLS Group, signing the joint venture agreement.  Also seen (standing from l to r) are Vishal Dhamija, General Manager, SNTTA Cargo; Mohamed Bushelaibi, Group General Manager, Legal & Shareholders Affairs, LIC; Peter Scholten, CEO, FLS Group, and Ravikiran Vishal, CFO, FLS Group.

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Issued on behalf of Liberty Investment Co, parent company of Liberty Logistics, by Communicate Gulf PR.

For media queries, please contact: Anthony D'Silva (anthony@communicategulf.com),

Communicate Gulf, PO Box 50411, Dubai, UAE. Tel. +971 50 4571624.

© Press Release 2015