Page 120 - ETIHAD CREDIT INSURANCE PR REPORT - MAY 2024
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DP World joins Maalexi to boost food security in Gulf countries








































               UAE – Mubasher: DP World has teamed up with Maalexi to offer new efficiencies and access to a wider range of
               food products at Jebel Ali Port, which will provide another transformation to food security in the Gulf area.
               The  agreement  with  Maalexi,  the  UAE-based  dynamic  risk  management  platform  for  SME agri-businesses,  is
               expected to leverage DP World’s global network and advanced temperature-controlled storage at Jebel Ali Port,
               according to a press release.
               The new partnership will further offer faster delivery time, making it easier and more efficient for businesses in
               the UAE and the wider region to access essential food supplies.
               CEO  and  Managing  Director  of  DP  World  GCC,  Abdulla  bin Damithan, said: “Through  our  partnership  with
               Maalexi, we are set to boost the agricultural trade ecosystem in the UAE and the wider region.”
               Bin  Damithan  concluded: “By  leveraging  our  world-class  multimodal  infrastructure  and  temperature-controlled
               storage  units  along  with  Maalexi’s  innovative  technology,  we  can  ensure  food  products  are  moved  efficiently  and
               strengthen food security in the process.”
               Maalexi  offers  proprietary  technologies  that  inspect,  monitor,  and  control  climate  conditions  for  food  and
               agricultural  produce,  which  ensure continuous  stock  updates  and  price-locking  for  buyers  of  Maalexi-owned
               produce across the Gulf, which imports as much as 85% of its food supplies.
               From his part, Azam Pasha, Co-founder and CEO of Maalexi, said: "We are excited to announce this partnership
               with a global leader in logistics. The Jebel Ali facility will provide enhanced visibility and supplies to buyers, enabling
               them to execute purchases within seconds on the Maalexi platform while benefitting from our suite of risk management
               tools.”
               Maalexi CEO added: “There will be a substantial impact for SME buyers and sellers in the GCC agricultural market, and
               we look forward to delivering this via our innovative, continually evolving tech stack.”
               The  UAE  alone  imports  approximately  $24  billion  worth  of  food  and  agricultural  products  each  year,  which
               accounts for nearly half of the GCC’s total. Jebel Ali is key to this as it handles almost three-quarters of the UAE's
               food and beverage trade by value.

               https://www.decypha.com/en/news/details/DP-World-joins-Maalexi-to-boost-food-security-in-
               Gulf-countries/21418457
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