Middle East?s Largest Air Service Provider to Invest $18 Million in PIA Cargo
Gerry?s dnata, a 50/50 joint venture between Gerry?s and dnata, has announced its plans to invest $18 million in Pakistan. The joint-venture, created in 1993, operates in as many as seven airports in Pakistan. Its main domain is handling cargo and luggage of 12 international airlines at Pakistan?s airports. The company is aiming to double its working capacity by December 2017. For that purpose, they have invested $18 million. The amount will be utilized in buying ground service equipment as well as increasing storage capacity. ?We have placed Pakistan?s biggest order for ground service equipment worth $7 million and are investing another $11 million to double storage capacity of our warehouse at Karachi airport,? said Syed Haris Raza, Gerry?s dnata vice president. Haris Raza estimates the cargo traded by air in Pakistan to about 10 percent of the total cargo. He also said that around 500,000 tons of cargo is transported by air freight in and out of the country, every year. The Saudi Arabian Airlines, which operates over 40 flights a week to and from Pakistan, recently decided to outsource its ground handling services to Gerry?s dnata. The investment was made after taking that into consideration. The investment in equipment, building, and infrastructure is being done keeping in view the growth in Pakistan?s economy and its aviation industry.