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Reach an Agreement to Establish Joint Venture Company in UAE

With intention of establishing joint venture company (JVC) in United Arab Emirates (UAE), Suzue Corporation held signing ceremony for joint venture agreement (JVA) at the hotel in Dubai on March 16th, 2017. Our new partner is Transworld Group of Companies (hereinafter referred as "Transworld Group") which develops their business based in India, UAE, and USA.

Going forward we will be conducting the registration procedures shortly.

Transworld Group was established in 1976 and has the history of 40 years. This group affiliates our partner, Transworld Logistics FZE (TLF) and also Orient Express Lines (OEL) which owns and operates regular liners, and it provides logistics services widely, such as owning and operating vessels, coastal operation, shipping agencies, ship management, freight forwarding, contract logistics, NVOCC, and etc.

As a member of the Transworld Group, TLF headquartered in the Jebel Ali Free Zone which is the special economic zone in Dubai, provides the most advanced storage service as well as operating the total logistics services mainly in the Middle East region, the Indian Sub-Continent including Nepal, Pakistan, Bangladesh, Sri Lanka, etc., and the Southeast region with marine, land, and air transportations.

Through this JVC in UAE, adding to the logistics network and service at Southeast Asia and the Far East which Suzue Corporation has been building up so far, we are newly aiming at expanding and beefing up the network to India, the Middle East and Arab countries.

We, Suzue Corporation will accelerate global expansion to meet the demands of customers who promote business globalization down the road.

[ Outline of JVC ]

Country United Arab Emirates (UAE)
Type of Contract JVA
Name of Incorporation Transworld-Suzue Logistics U.A.E. FZCO
Name of Partner Transworld Logistics FZE
Capital AED600,000.00 (Dirhum)
(JPY17,500,000)
Joint Venture
Contribution Ratio (%)
Suzue 50%
Partner 50%
Location of JVC Dubai

[ March 16th, 2017 at Dubai, UAE ]