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Mishal Kanoo signs DP world supply Deal

Mishal Kanoo signs DP world supply Deal

Dubai, UAE – April 22, 2013 - Kanoo Machinery, a member of The Kanoo Group secured an exclusive long-term supply deal with DP World which further strengthens business optimism and the growing alliance between two of the region's leading companies. Mr. Mishal Kanoo, Deputy Chairman of The Kanoo Group together with Mr. Esam Khoori, Director-Procurement of DP World signed the agreement on 22nd April 2013 at The Kanoo Group main office - Bur Dubai.

DP World (one of the largest maritime terminal operators in the world) includes an exclusive bulk supply of Hyster lift truck spare parts from Kanoo Machinery - apart from their future expansion capabilities to offer other franchises like Perkins and Tennant, etc. as a sole distributor in the Middle East.

Mr. Nabil Qayed (Technical Director), Mr. Jamal Ahmed Al Kindi (ManagerMaterials Management) and other procurement officials of DP World attended the event, in the presence of senior management members of The Kanoo Group and Kanoo Machinery.

In the opening ceremony, Mr. Mishal Kanoo stated that The Kanoo Group is privileged and honored to be associated with DP World and that this partnership can help make DP World become more successful – and that The Kanoo Group is proud to be a part of it.

Mr. Esam Khoori also commented that this strategic partnership is a great advantage with mutual benefits, which brings the right results from the right people and that this venture is something relatively new for DP World.

"I would like to thank Kanoo Machinery for their initiative, walking the extra mile with DP World in bringing this business relationship from customers' to partners' level. This consignment of spare parts wouldn't come to reality if not for their efforts and also in believing in DP World as a successfulinternational company representing Dubai and the UAE," said Mr. Jamal Ahmed Al Kindi.

Shakil Merchant, Divisional Sales Manager-UAE of Kanoo Machinery added: "Kanoo Machinery had been looking forward to this day and we have been working hard for a long time to achieve this. At last this deal has come true and is a good association of the business with the consignment stock keeping in DP World."

As organizer for the event, Praveen Hubli, Aftermarket Sales Manager-UAE of Kanoo Machinery affirmed: "The consignment stock concept discussed with DP World was very much appreciated and welcomed. DP World does not have to keep any inventory of spare parts for machines, as this will be done by Kanoo Machinery premises and the parts required will be available 24/7, so efficiency and delivery time are greatly reduced, thusgiving immense benefit to both parties."

This undertaking is another mark of long-term business commitments that The Kanoo Group shares with DP World. The recent Top Vendor Award for year 2012 given by DP World to The Kanoo Group on behalf of Kanoo Machinery is a constant reminder of its dedication, which brings business opportunitiesup to the next level.