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GCC TodAy 30


King Abdullah City for Atomic and Renewable Energy


seconds on the business of LOGISTICS


is logistics big business in the UAE? Yes, the UAE’s geographical position enables it to facilitate major movements between the Eastern and Western hemispheres. And with high quality infrastructure in place, logistics is also a highly competitive business here.


how quickly can parcels be couriered around the world from the UAE?


oBAid Al QAhAsh CEo, parzel


The country is a hub for all the largest courier companies in the world – Fedex, DHL, TNT and Aramex. All these companies have frequent connections all over the world on a daily basis.


has the rapid development of the UAE’s aviation sector boosted the logistics industry? Although the infrastructure is in place, I believe that the UAE is yet to witness a positive impact – primarily due to the global economic climate. In the long run, it should prove extremely beneficial.


regionally, which countries offer the best growth potential? Saudi Arabia offers great growth potential thanks to increasing domestic demand. And with Qatar hosting the World Cup in 2022, demand for logistics services in the country will be high.


does parzel offer any special service to its customers? Parzel offers the automated delivery point system, through which our customers can make bookings online and use our machines to drop off or pick up their parcels.


how does it work? Customers are required to register on the Parzel website, and they are then assigned a unique identification number. They can use this number to book domestic and international shipments online.


Saudi signs nuclear pact


Saudi Arabia has signed a bilateral agreement with South Korea to cooperate in the development of nuclear energy. The agreement was signed in Seoul, according to a statement by the King Abdullah City for Atomic and Renewable Energy. The pact includes scientific, technological and economic


cooperation between the two nations, and will involve the design, construction, operation, maintenance and development of nuclear power plants in the kingdom. Saudi Arabia signed similar agreements with France and


Argentina earlier this year, while the kingdom is also in talks with Russia, China, the US, the UK and the Czech Republic regarding further tie-ups.


Qtel raises stake in starhub


Qatar Telecom (Qtel) has said that asia Mobile holding, the investment arm it jointly owns with singapore Technologies Telemedia, has increased its stake in singapore’s integrated communications company starhub by 7.45 per cent. The deal brings asia Mobile


holding’s stake in starhub to 56.55 per cent and Qtel’s effective stake to 14.14 per cent. The move is aimed at


taking advantage of growth opportunities to boost its presence in southeast asia, according to nasser Marafih, Qtel’s group CEo.


interviewed BY jOnAThAn ShEIKh-mILLEr


22 / DECEMBER 2011


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