SGL takes advantage of no-local sponsor regulation with new business in the UAE
Scan Global Logistics (SGL) has opened a wholly-owned business in Dubai, taking advantage of the new no-local sponsor regulation.
The company had commercial representation in Dubai for a number of years, but decided to take advantage of new regulations allowing 100% foreign ownership in the UAE.
Only one month after SGL opened its first office in Dubai, a second office was quickly in the making, with further to come in the near future, SGL said.
“We have grown much faster than expected and still see exponential growth. To get even closer to our key customers, we will open our next office in Abu Dhabi in a few months, just as we expect to open a third office in Dubai,” said managing director, UAE, Ayman Kabbara.
Lars Syberg, regional chief executive, EMEA, added: “The rapid growth has also paved the way for importing global talent from our global network to boost our operations. It enables us to keep offering customers the same level of service and attention that they have come to expect from SGL.”
SGL said that the creation of a new business in the UAE was part of an “ambitious global growth strategy that includes plans to further expand across the EMEA region as a whole in a combination of greenfield and local acquisitions”.
Over the past two years, Scan Global Logistics has entered the UK, Poland, Czech Republic, Cambodia,
France, South Africa, Togo, and Benin.
“With the help of our global legal and mergers and acquisitions teams, my team and I are reviewing all available options for expansion locally and in the region,” said Kabbara. “We are in it for the long run.”