{"id":84742,"date":"2024-03-26T00:00:00","date_gmt":"2024-03-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/26\/mawani-adds-new-shipping-service-to-boost-connectivity-with-east-asian-ports-plus-healthcare-procurement-real-estate\/"},"modified":"2024-03-26T00:00:00","modified_gmt":"2024-03-26T00:00:00","slug":"mawani-adds-new-shipping-service-to-boost-connectivity-with-east-asian-ports-plus-healthcare-procurement-real-estate","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/26\/mawani-adds-new-shipping-service-to-boost-connectivity-with-east-asian-ports-plus-healthcare-procurement-real-estate\/","title":{"rendered":"Mawani adds new shipping service to boost connectivity with East Asian ports. Plus: healthcare, procurement, real estate"},"content":{"rendered":"

LOGISTICS-<\/p>\n

Another shipping service added to King Abdul Aziz <\/strong>Port<\/strong>: <\/strong>The Saudi Ports Authority (Mawani) has added a new shipping service \u2014 Galex, by Emirates Shipping Line \u2014 to its King Abdul Aziz Port in Dammam in a bid to improve connectivity to East Asian ports, according to a statement<\/a> earlier this week. The new service, which will offer a capacity of up to 3k TEUs, will connect the Kingdom to eight regional and international ports: China\u2019s Shanghai, Xiamen, Dachan Bay, and Qingdao, Malaysia\u2019s Klang, South Korea\u2019s Busan, Oman\u2019s Sohar, and the UAE\u2019s Khorfakkan.<\/p>\n

PROCUREMENT-<\/p>\n

#1- <\/strong>Group Five Pipe will supply steel pipes for the Ras Al Khair water <\/strong>transmission<\/strong> system in <\/strong>Riyadh<\/strong> under a SAR 3 bn contract with state water provider Saline Water Conversion Corporation (SWCC), it said in a disclosure to Tadawul<\/a> yesterday. The agreement \u2014 which spans a period of 22 months \u2014 will see the pipemaker manufacture spiral-welded steel pipes for the transmission system providing water from Ras Al Khair to Riyadh.<\/p>\n

#2- Dammam-based steel producer East Pipes will also manufacture and supply steel<\/strong> pipes to <\/strong>SWCC<\/strong> under a SAR 230 mn contract, it said in a disclosure to Tadawul<\/a> yesterday. No further details were provided.<\/p>\n

HEALTHCARE- <\/p>\n

Al Modawat Specialized Medical will purchase an MRI scanner from medical device manufacturer and distributor Cigalah <\/strong>Healthcare <\/strong>under a SAR 4.4 mn contract, it said in a disclosure to Tadawul<\/a> yesterday. The procurement and installation period has been set at six months. The contract also includes a three-year warranty and an additional seven-year maintenance period. <\/p>\n

REAL ESTATE-<\/p>\n

Mulkia Investment to acquire new real estate property for its Gulf REIT fund: <\/strong>Gulf Real estate REIT\u2019s fund manager, Mulkia Investment, has signed an agreement to acquire a new mixed-use residential and commercial tower in Riyadh for SAR 200 mn, it said in a disclosure to Tadawul<\/a> yesterday. The acquisition comes in a bid to diversify the geographical distribution of the properties under the fund, and is expected to have a \u201cpositive effect\u201d on the fund\u2019s revenues, the disclosure said.<\/p>\n

TRANSPORT- <\/p>\n

Saudi + Bahrain sign MoUs on transport, logistics: <\/strong>Transport and Logistics Minister Saleh AlJasser signed two MoUs with Bahraini counterpart Mohamed bin Thamir AlKaabi to bolster joint cooperation in transportation and logistics, state news agency SPA<\/a> reported. <\/p>\n

POULTRY- <\/p>\n

Ukraine\u2019s MHP <\/strong>gets greenlight for poultry farm near Riyadh: <\/strong>Ukraine\u2019s largest poultry producer and exporter MHP<\/a> has obtained approval from the Antimonopoly Committee of Ukraine to set up a SAR 200 mn poultry farm near Riyadh under a joint venture with local food group Tanmiah<\/a> \u2019s subsidiary, Desert Hills for Veterinary Services (DVH), Poultry World<\/a> reported yesterday. <\/p>\n

Background:<\/strong> The approval comes months after DVH signed a shareholder agreement<\/a> with MP for the poultry farm, which will have an initial capacity of 1 mn parent stock to produce c. 175 mn hatching eggs a year. The JV \u2014 in which DVH will hold a majority 55% share \u2014 is looking to develop a state-of-the-art hatchery and poultry feed mill to realize its targets. Both firms signed<\/a> the MoU for the project back in February 2023. <\/p>\n

The Kingdom just hit a poultry production high:<\/strong> Local poultry production reached a record high of 100 mn kg in February, state news agency SPA<\/a> reported yesterday. Dairy giant Almarai plans to spend SAR 7 bn<\/a> on poultry expansion as part of a SAR 18 bn strategic plan over the next five years to maximize sales.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mawani | Galex | Group Five Pipe | Al Modawat Specialized Medical | Mulkia Investment | MHP | Tanmiah | Desert Hills for Veterinary Services (DVH)<\/p>\n","protected":false},"author":1,"featured_media":84743,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[654,54,10,863,1249,166,1019],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-al-modawat-specialized-medical","tag-also-on-our-radar","tag-enterpriseam-ksa","tag-group-five-pipe","tag-mulkia-investment","tag-saudi-ports-authority","tag-tanmiah","wpautop","entry"],"acf":{"mongo_id":"88f12b43-adb4-4af1-9baf-512608c06efd","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/2280.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Mawani adds new shipping service to boost connectivity with East Asian ports. 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