Swift Global Logistics is planning to increase its operations in the Far East after receiving WOFE (Wholly Owned Foreign Enterprise) status from the Chinese government.

The trade licence, which allows foreign companies to operate in China without a local partner, has previously been awarded to logistics players such as UPS, Gulf Agency Company (GAC) and Maersk Logistics.

Issa Baluch, chief executive officer of Swift Group, the Dubai-based owner of Swift Global Logistics, and seen here, said, ‘This is another important development in the our mission to provide innovative logistics solutions to a wider spectrum of clients throughout the world.

‘The number of international freight forwarders who have been awarded the WOFE licence is extremely limited.’

Swift Global Logistics will now operate as a wholly owned entity in China, providing a range of sea freight, airfreight and 3PL services in the local market. In particular, the company is planning to market its SAM (Sea Air Model) service, which combines sea-air transportation from cities such as Beijing, Hong Kong, Shanghai, Shenzhen, Yiwu and Guangzhou to locations throughout Africa.
Source: Arabian Business