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Ports and aviation updates from Iraq and Saudi Arabia
Stories on our radar this morning from around the region
EBRD is mulling a EUR 50 mn loan to DP World
The project looks to cap carbon emissions and energy costs through the electrification of port infrastructure
Oscar Middle East breaks ground at Jafza liquid bulk terminal
The first phase of the 45.4k cubic meter facility is expected to be operational within 16 months
AD Ports taps Mohamed Alsuwaidi as new chairman + Emirates makes a raft of new appointments
Alsuwaidi is the UAE’s Investment Minister and CEO of ADQ
DP World + Zhejiang Seaports Group partner up to boost trade
The pair will also work on developing low-carbon ports
Saudi’s Jazan City inks three tenders valued at SAR 315 mn to boost port connectivity
The contracts were inked with China Harbor Middle East Division, Al Dafe Trading and Contracting, and Walid Muyghashi
Oman’s Salalah Port completes USD 300 mn expansion project
The terminal upgrades and expansions are slated for completion in 1Q 2025.
The Egypt-EU Investment Summit brings big export potential for Egypt
Many of the agreements have production quotas pegged for export + include port terminal development
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