LOGISTICS-

Mawani adds new shipping services to Jeddah Islamic Port, King Abdulaziz Port: The Saudi Ports Authority (Mawani) added French shipping giant CMA CGM’s BIGEX 3 shipping services to Dammam’s Jeddah Islamic Port and and BIGEX 4 services to King Abdulaziz Port, it said in a statement. The BIGEX 3 service — which has a total carrying capacity of 2.63k TEUs — will connect Jeddah Islamic Port to the ports of Nhava Sheva and Mundra in India, as well as Oman’s Salalah Port. Meanwhile, the BIGEX 4 service — with a total carrying capacity of 3.5k TEUs — will connect King Abdulaziz Port to the ports of Nhava Sheva and Mundra, in addition to Iraq’s Umm Qasr Port.

REMEMBER- CMA CGM launched the new Red Sea shipping services BIGEX 3 and BIGEX 4 connecting India with the Kingdom and Oman last month. The new routes are the latest of many updates, suggesting a possible rebound in traffic could be on its way.

MANUFACTURING-

The Middle East Paper Manufacturing and Production Company (Mepco) broke ground on the fifth production line at the Paper Machine 5 (PM5) facility, according to a press release. The project — construction of which was originally scheduled to begin by 3Q 2024 — will be developed by Mepco’s subsidiary Al Tadweer Al Akhdar, adding high-quality, low-basis weight paper to Mepco’s products list as well as doubling PM5’s annual production capacity to 875k tons and recycling 1 mn tons.

HOSPITALITY-

A Hilton hotel and residential tower will be coming to Riyadh under a partnership agreement between local developer Osus and Hilton, according to a statement. The projects include Hilton Garden Inn — featuring 250 rooms, meeting spaces, a gym, a pool, and dining options — and Curio Collection Residences — featuring 176 serviced apartments, with valet and concierge solutions, in addition to a gym, a pool, and a cinema. Both projects will be located in the Osus Eye development.

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