A pan-Gulf mail transportation company is likely to be set up to carry postal mails and couriers across the GCC.

'GCC postal managements drew closer to establishing a pan-GCC mail transportation company following a second meeting of a special committee of representatives from GCC postal administrations,' the Emirates Post said in a statement.

At a workshop, hosted by Emirates Post in Dubai, the committee took stock of the progress made so far and agreed on the framework of the financial and operations model for the proposed company.

A representative from business consulting firm Booz Allen Hamilton briefed the participants on the findings of a study of the GCC market, the strategic options available for the new entity for running a postal logistics company.

'The meeting helped tie loose ends and move ahead for implementing the ambitious new project that will streamline and speed up mail transportation within the region, as per the decision of GCC postal administrations,' said Abdullah Al Daboos, director-general of Emirates Post.

Abdullah Al Za'abi, director, research and development, outlined the goals of the proposed company and updated them on the progress so far.

He also provided an analysis of the courier industry and the available options for the operational and financial model for setting up the company.

The committee completed the documentation for the second phase of the project and agreed on the model to be adopted. – TradeArabia News Service