{"id":92475,"date":"2024-12-12T00:00:00","date_gmt":"2024-12-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/12\/hassan-allam-utilities-to-invest-in-and-develop-kaec-off-port-terminal\/"},"modified":"2024-12-12T00:00:00","modified_gmt":"2024-12-12T00:00:00","slug":"hassan-allam-utilities-to-invest-in-and-develop-kaec-off-port-terminal","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/12\/hassan-allam-utilities-to-invest-in-and-develop-kaec-off-port-terminal\/","title":{"rendered":"Hassan Allam Utilities to invest in and develop KAEC off-port terminal"},"content":{"rendered":"<p class=\"tag-border-left\"> INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1- <\/strong><strong>Hassan <\/strong><strong>Allam Utilities to develop an off-port terminal in King Abdullah Economic <\/strong><strong>City:<\/strong> Egypt-based energy and infrastructure leader Hassan Allam Utilities has signed a strategic partnership agreement with local Nesma Holding\u2019s logistics subsidiary Defaf United for Logistics to invest in and develop an advanced off-port terminal in King Abdullah Economic City, the company said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/959.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The terminal will include \u201ccontainer yards and warehousing facilities, delivering flexible and integrated logistics solutions tailored to a wide range of customers,\u201d the statement reads. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Strategic placement:<\/strong> The new terminal aims to serve clients across Saudi Arabia, the GCC, and East Africa, establishing the King Abdullah Economic City as a key logistics hub to support regional trade.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cThe off-port terminal in KAEC will play a crucial role in strengthening the region's logistics infrastructure. Together, we are committed to providing cutting-edge solutions that meet client needs and drive economic growth in the Kingdom,\u201d Hassan Allam Holding Co-CEO Amr Allam said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- SPWC selects bidder for Jubail 4 and 6: <\/strong>The Saudi Water Partnership Company (SWPC) announced its preferred bidder for the Jubail 4 and Jubail 6 independent water plant, a consortium including ACWA Power, Haji Abdullah Alireza & Partners, and AlSharif Contracting and Commercial Development, according to a <a target=\"_blank\" href=\"https:\/\/www.swpc.sa\/en\/bidder-for-jubail-4-and-jubail-6-iwp\" style=\"\" rel=\"noopener\">statement<\/a>. The project will be developed and operated under a 25-years contract that will go into effect when commercial operations commence in the first quarter of 2028. The projects will have a combined potable water production capacity of 600k cbm\/ day. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A year in the works: <\/strong>The company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77d0038a-e7f2-43cf-99ef-1b9df66682f0\/\" style=\"\" rel=\"noopener\">issued tenders<\/a> to the pre-qualified bidders in January. The prequalified bidders included Abu Dhabi National Energy Company, Acciona Agua, and Engie.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">INDUSTRY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New recycling lines boost Tadweeer\u2019s output: <\/strong>The National Environmental Recycling Company (Tadweeer) saw a 120% increase in production backed by the installation of new recycling lines in 2024, CEO Nasser Aldueb told <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1775084\" style=\"\" rel=\"noopener\">Argaam<\/a>. He expects total production and sales to reach 220k-230k tons by the end of the year. The company is currently allocating 85% of its sales to the Asian markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> EVS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Jameel Motors to distribute Farizon EVs in the UK: <\/strong>Abdul Latif Jameel Group subsidiary Jameel Motors will start distributing Geely Farizon SV electric vans in the UK and other European countries under an agreement inked with Geely subsidiary Farizon Auto, according to a <a target=\"_blank\" href=\"https:\/\/jameelmotors.com\/en\/news\/jameel-motors-to-launch-geely-farizon-sv-electric-van-in-the-uk\/\" style=\"\" rel=\"noopener\">statement<\/a>. The Farizon SV large van will lead the brand's UK debut, with sales set to begin in the first half of 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CLIMATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia<\/strong><strong> launched an international initiative to monitor sand and dust storms <\/strong>at COP16 of the UN Convention to Combat Desertification, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/1079.pdf\" style=\"\" rel=\"noopener\">press release (pdf).<\/a> The initiative \u2014 dubbed the Sand and Dust Storm Warning Advisory and Assessment System (SDS-WAS) and based in Jeddah \u2014 will be overseen by the World Meteorological Organization. The Kingdom plans to funnel USD 10 mn into the initiative over the coming five years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bonyan REIT\u2019s fund manager BSF Capital wrapped up the sale of its Citywalk 2B <\/strong><strong>Residential Building in Dubai for a total of nearly SAR 280 mn<\/strong>, according to a disclosure to <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84109&anCat=1&cs=4347&locale=en\" style=\"\" rel=\"noopener\">Tadawul<\/a>. The REIT had originally acquired the property in 2018 for 262.5 mn and started selling its 69 units in December 2022. Under the REIT\u2019s helm, the property generated SAR 54.9 mn in rental income. Bonyan REIT will allocate the funds from the sale to the early repayment of a Sharia-compliant loan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INFRASTRUCTURE- #1- Hassan Allam Utilities to develop an off-port terminal in King Abdullah Economic City: Egypt-based energy and infrastructure leader Hassan Allam Utilities has signed a strategic partnership agreement with local Nesma Holding\u2019s logistics subsidiary Defaf United for Logistics to invest in and develop an advanced off-port terminal in King Abdullah Economic City, the company [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":92476,"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":[54,446,10,218,3114,66,3316,106,2855],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-92475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-climate","tag-enterpriseam-ksa","tag-evs","tag-hassan-allam-utilities","tag-infrastructure","tag-national-environmental-recycling-co-tadweer","tag-real-estate","tag-recycling","wpautop","entry"],"acf":{"mongo_id":"8cc8d3cb-914d-4041-80ac-2bca40933fb2","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/1165.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Hassan Allam Utilities to invest in and develop KAEC off-port terminal","related_issue":[92455],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.f35a804a-7008-47eb-bdd4-95b4476dcf5a.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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