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Logistics (MENA) 
Riyadh Air’s cargo arm is picking up displaced sea freight in a regional market that’s shrinking
A belly-hold model ties cargo growth to the passenger network, and the regional freight market it’s entering is in contraction
THIS MORNING: Houthis strike cargo vessel in Bab Al Mandab
RCRC opens applications for year two of Tawazoun
GDP growth to reach 4.6% by 2027 + A new Saudi-Egyptian ro-ro shipping line in the cards?
PLUS: AirAsia plans to set up a new hub in the GCC this year
Mawani + Maersk launch SAR 1.3 bn logistics park Jeddah Islamic Port
The logistics park spans an area of 225k sqm with the capacity to handle 200k TEU containers annually
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
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
Algihaz eyes more exposure to region’s biggest shipyard
The investment company now owns 90% of Lamprell, which is building the region’s largest full-service shipyard in Ras Al Khair
Sisco unit RSGT inks USD 170 mn concession agreement for Patenga Container Terminal
The investment falls in line with RSGT’s international expansion strategy