Economy, Domestic Economy

Turkish Logistics Firm Signs Deal With IRISL

Turkish Logistics Firm Signs Deal With IRISLTurkish Logistics Firm Signs Deal With IRISL

Turkey's logistics company Arkas Holding has signed a memorandum of understanding with the Islamic Republic of Iran Shipping Lines to establish a Turkey-based joint venture to offer maritime transportation and logistics services across the Mediterranean Sea.

Arkas Chairman Lucien Arkas and IRISL Executive Board Chairman Mohammad Saeedi attended the signing ceremony, which was held in IRISL’s head office in Tehran, the Izmir-based Arkas said in a written statement, Hurriyet Daily News reported.

“The relationship between Turkey and Iran, who have been neighboring countries for centuries, progresses day by day. I believe that the partnership agreement we have made with IRISL Group will support and also make a significant contribution to the developing trade between the two countries,” said Arkas.

"The associate company, which will be founded within the scope of the agreement, will function as a bridge between Iran and nearby countries by using the transport infrastructure of Arkas."

Arkas currently operates in many fields, including agency services, ship and port operations, logistics services that integrate sea, land, rail and air transportation as main fields and bunkering, automotive, insurance services, information systems and tourism. Arkas Holding currently has 58 offices, 14 in Turkey and 22 in other countries.