Global freight dedication program, World Logistics Passport (WLP), has expanded into a global network of exchange megahubs in 11 nations.
The program was launched under the directives of Sheik Mohammed bin Rashid Al Maktoum – Vice President and Prime Minister of the UAE and Ruler of Dubai – at the World Economic Forum in Davos a year ago to expand openings for exchange between developing business sectors.
The initiative is being carried out across four mainlands. India, Indonesia, Thailand, Brazil, Colombia and South Africa are among the nations that have joined the Dubai-drove World Logistics Passport in the previous a year.
Sheik Mohammed said: “The World Logistics Passport is one more significant initiative that mirrors the UAE’s vision to shape a more promising time to come for our world through inventive projects that cultivate global exchange cooperation. In only one year, we have taken the WLP from vision to the real world, uniting various driving nations, logistics accomplices and multinational organizations in an affectionate partnership zeroed in on exchange development.
“The UAE keeps on working with its accomplices to present new initiatives that animate exchange development provincially and globally, utilizing its tremendous ability in encouraging global exchange and its capacities and experience acquired throughout the years to investigate expanded freedoms and make new financial value.”
The WLP permits dealers and freight forwarders to get to benefits as a trade-off for expanded exchange every one of the program’s hubs. By interfacing into the WLP network of economies, part businesses have the chance to broaden into new business sectors like Latin America, South Asia or Africa while supporting their territorial availability. Many major multinational partnerships, including UPS, Pfizer, Sony, Johnson and Johnson, and LG have effectively enrolled as WLP individuals.
The network offers over 100 operational and monetary advantages to high-performing businesses, Media announced.
The initative offers improved seriousness and financial versatility to governments during monetarily testing times. By lessening costs and expanding the effectiveness of the logistics value chain, the WLP is assisting firms with remaining internationally serious.
Sheik Ahmed bin Saeed al Maktoum, president of the Dubai Civil Aviation Authority, chairman and CEO of the Emirates Group and chair of the World Logistics Passport Global Steering Group, noted: ” The WLP builds up Dubai’s developing status as a significant global center for multimodal exchange while associating different nations with comparable desires to drive global exchange and financial recuperation.”
Sultan Ahmed bin Sulayem, chairman of Dubai’s Ports, Customs and Free Zone Corporation which administers the WLP, remarked: “The quick improvement of the WLP exhibits the world class abilities that Dubai has created nearby exchange and logistics, driven by key accomplices like DP World, Emirates Group and Dubai Customs. These abilities can be reached out to help Dubai as well as the more extensive WLP network of trading nations.”
“Since its launch, the World Logistics Passport has been invited by governments and business around the planet for the various advantages it conveys to nearby economies, brokers and local business. It is an incredible illustration of a public – private organization conveying sway,” said Mike Bhaskaran, CEO of the World Logistics Passport.
The advancement of the WLP network will be exhibited during the debut World Logistics Passport e-Summit in May.