Asyad Group acquires Sky Bridge to expand global logistics network
ASYAD Group makes first international acquisition in logistics and shipping solutions sector
Published: 08:07 AM,Jul 22,2024 | EDITED : 12:07 PM,Jul 22,2024
Muscat: Asyad Group has announced the acquisition of Sky Bridge Shipping Solutions, marking a significant step in its expansion strategy into some of the world's largest economies, including the Gulf Cooperation Council (GCC) countries, China, India, and the United States.
Sky Bridge’s global freight solutions network spans 90 locations worldwide, offering Asyad Group a robust platform to enhance its logistics operations. This acquisition represents the first of its kind for Asyad in its core logistics activities on an international scale, diversifying its asset portfolio and reinforcing its position as a leading provider of integrated logistics solutions in the region.
The acquisition will bolster Asyad Group’s presence in new commercial markets across the Middle East, Africa, Asia, Europe, and North America. By leveraging Sky Bridge's extensive network, Asyad aims to maximize its competitiveness and increase its global market share. The group’s enhanced capabilities will allow it to offer comprehensive and diverse logistics services, including warehousing, supply chain solutions, shipping lines, and port activities, tailored to meet customer requirements.
Asyad's strategic move aims to expand its customer base and connect Oman and its ports to global trade routes, facilitating the movement of goods. The acquisition will empower the private sector and small and medium enterprises (SMEs) in Oman by linking them to international markets, thereby strengthening the national economy and driving sustainable development.
Through Sky Bridge's network of representative offices around the world, Asyad will open new global trade routes for companies in Oman and the GCC, enhancing trade connectivity between the region and key commercial destinations such as India, China, Europe, and the United States. This expansion aligns with Asyad’s proactive approach to enhancing financial sustainability and increasing global competitiveness.
Sky Bridge Freight Solutions is a full-service freight forwarder, offering air, land, and sea freight services to various sectors, including food, energy, automotive, pharmaceuticals, and construction. Serving over 1,400 clients, its alliance network covers 90 locations and maintains commercial relationships with major global companies, government agencies, shipping lines, and airlines, reinforcing its competitiveness and growth potential.
With this acquisition, Asyad Group is poised to play a pivotal role in global logistics, driving economic growth and sustainability in Oman and beyond.
Sky Bridge’s global freight solutions network spans 90 locations worldwide, offering Asyad Group a robust platform to enhance its logistics operations. This acquisition represents the first of its kind for Asyad in its core logistics activities on an international scale, diversifying its asset portfolio and reinforcing its position as a leading provider of integrated logistics solutions in the region.
The acquisition will bolster Asyad Group’s presence in new commercial markets across the Middle East, Africa, Asia, Europe, and North America. By leveraging Sky Bridge's extensive network, Asyad aims to maximize its competitiveness and increase its global market share. The group’s enhanced capabilities will allow it to offer comprehensive and diverse logistics services, including warehousing, supply chain solutions, shipping lines, and port activities, tailored to meet customer requirements.
Asyad's strategic move aims to expand its customer base and connect Oman and its ports to global trade routes, facilitating the movement of goods. The acquisition will empower the private sector and small and medium enterprises (SMEs) in Oman by linking them to international markets, thereby strengthening the national economy and driving sustainable development.
Through Sky Bridge's network of representative offices around the world, Asyad will open new global trade routes for companies in Oman and the GCC, enhancing trade connectivity between the region and key commercial destinations such as India, China, Europe, and the United States. This expansion aligns with Asyad’s proactive approach to enhancing financial sustainability and increasing global competitiveness.
Sky Bridge Freight Solutions is a full-service freight forwarder, offering air, land, and sea freight services to various sectors, including food, energy, automotive, pharmaceuticals, and construction. Serving over 1,400 clients, its alliance network covers 90 locations and maintains commercial relationships with major global companies, government agencies, shipping lines, and airlines, reinforcing its competitiveness and growth potential.
With this acquisition, Asyad Group is poised to play a pivotal role in global logistics, driving economic growth and sustainability in Oman and beyond.