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AI + Innovation (MENA) 
Logistics (MENA) 
Bahri writes USD 1 bn ticket for nine oil tankers
Bahri currently operates a fleet of 40 large carriers with a 2.2 mn barrel capacity
Mawani + Al Jeri to develop two new logistics zones
PLUS: Saudi plans to launch a sky tram by 2025 to improve access to the Cave of Hira in Makkah
Logistics startup Oto closes a USD 8 mn series A round
The fresh funds will be used to fuel the company’s regional expansion, develop the tech stack, and grow the team
Mawani + DP World break ground on Jeddah Islamic Port logistics park
The facility, designed for storage, distribution, and enhancing trade volumes, is set to open in the 2Q 2025
SAR 3 bn to be invested in Citic’s industrial city + logistics zone in Saudi
The industrial city will be home to 12 Chinese factories
Self-storage startup Wheekeep closes USD 8 mn series A round
The proceeds are earmarked for local expansion
The 1Q earnings season is in full swing
Saudi Electricity Company | ELM | Zain | Mobily | Almunajem Foods
Bank AlJazira net income soars 47% in 1Q 2024 as transformation plan delivers results
Tawuniya | Bank AlJazira | Bahri
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