UAE-based IQ Robotics, which is a part of the IQ Fulfillment group, is joining hands with China’s LiBiao Robotics to boost the Middle East and North Africa (MENA) region’s logistics sector, media reports said. Both parties will collaborate to make further advancements in artificial intelligence (AI) and machine learning, to prepare the economy for a contactless future.
In this regard, Xia Huiling, chief executive officer of LiBiao Robotics told the media, “The MENA region is a very important market globally as it connects Asia and Europe. It’s well-known that the MENA ecommerce market is growing rapidly and has accelerated even more during the global pandemic.
“We believe that it will keep growing for the coming decade and this opens a huge scope for automatic applications with robots. IQ Robotics is a leading robotic company in this region and a pioneer in MENA which makes it a win-win scenario as we will now work closely for shared success in the regional market. We are looking forward to shape the future together with IQ Robotics.”
It is reported that DP World’s port-centric logistics arm Smart Solution Logistics (SSL) has signed an agreement with Israel-based Allalouf Logistics to explore new growth opportunities for the logistics and general freight forwarding business in the UAE and Israel. Both DP World and Allalouf Logistics will establish and maintain suitable freight stations required for the operational receiving, consolidating, loading, shipping, unloading and orderly release of cargo, and full container load.