UK-based Zencargo joins UAE’s NextGen FDI Programme

The UAE Ministry of Economy (MOE) has announced that Zencargo, a UK-based digital freight forwarder is the latest to join its NextGenFDI programme. The company plans to begin operations in the UAE to integrate into the UAE’s technology, trade and logistics ecosystem and using the country as a platform to expand its operations to Africa and South Asia. Zencargo’s presence in the UAE is an endorsement of the Trade Tech initiative, launched in partnership with the World Economic Forum to accelerate the digitalisation of international supply chains, enhance customs procedures, improve developing countries’ access to the global trading system and spur a new era of trade growth. His Excellency Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, said, “The UAE is a champion of trade innovation and supports harness of advanced technology to catalyse global trade. Zencargo’s utilization of advanced technology to revolutionize freight forwarding is aligned with the UAE Trade Tech Initiative that seeks to deploy the tools of the Fourth Industrial Revolution to bring the global trading system into the 21st century.”