ZONES-

MSC’s Medlog to finalize contracts for Egypt’s 10th of Ramadan dry port in mid-August: Egypt’s land and dry ports authority and transport and MSC cargo subsidiary Medlog could ink an agreement for the design, construction, operation, maintenance, and financing of the Tenth of Ramadan dry port and logistics center in Egypt’s 10th of Ramadan City in mid-August, Al Mal quotes Atter Hannoura, the director of the Finance Ministry's PPP unit, as saying.

ICYMI- We reported in June that a consortium led by Italy’s Mediterranean Shipping Company (MSC) snagged the bid to establish and operate the 250-feddan Tenth of Ramadan dry port, according to an Egyptian Transport Ministry statement. The dry dock aims to serve the industrial area in Badr, Ain Sokhna, East Port Said, the new capital and the Tenth of Ramadan.

ALSO- The Egyptian government is in talks with the European Investment Bank over a potential USD 300 mn loan to finance the construction of the Robeiky-10th of Ramadan-Belbeis freight and passenger railway line, Al Mal quotes a source at the Egyptian National Railways as saying. The railway line is expected to transport some 1 mn tons of goods a year. The c. EUR 220 mn railway already snagged a EUR 40 mn loan from the European Bank for Reconstruction and Development last year.

RAIL-

Turkmenistan gets greenlight to join INSTC: Russia has given its approval for Turkmenistan's inclusion in the 7.2k km North-South Transport Corridor (INSTC), according to Russian news agency TASS. The INSTC serves as an artery for trade between South Asia and Europe, comprising ship, rail, and road routes.

AVIATION-

Jazeera Airways unveils two new companies: Kuwait’s low-cost airline and freight service provider Jazeera Airways has established two subsidiaries, according to a company disclosure (pdf) on the Kuwait Stock Exchange. The first subsidiary, Jazeera Safeguard, will provide security services, and the second, Jazeera Academy, will provide training services, according to the disclosure. Both subsidiaries are 100% fully owned by the Kuwaiti carrier. The creation of these subsidiaries has no impact on the company’s financial position, the disclosure added.

PHARMA-

Oman’s pharma industry sets sights on markets for export: Oman’s Opal BioPharma has identified India, Pakistan, Bangladesh, and Iran as potential export markets for its products, Zawya quotes Chairman Saad bin Musa Al Junaibi as saying. A drug and vaccine factory under construction in Khazaen Economic City is set to produce four different types of competitively-priced vaccines, Junaibi added. The factory, which will cover 22k square meters, will also house a research and development center.

ALSO WORTH KNOWING-

  • Kuwait’s Public Works Ministry is studying construction, development, and maintenance of roads, intersections, parking lots, aircraft taxiways, and service buildings for the new passenger terminal at Kuwait Airport. (Al Rai Media)
  • Jazeera Airways has launched direct flights from Kuwait to Islamabad, which is now the airline’s third destination in Pakistan. (Zawya)
  • Tunisian Confederation of Trade, Industry, and Handicrafts President Samir Majoul is calling for liberalizing Tunisian exports to the European market, especially olive oil and textiles. (Zawya)
  • Turkey’s Pegasus Airlines has ordered 36 Airbus A321neo planes, which should be delivered at the end of 2029. (Reuters)
  • Agility-owned Menzies Aviation has set net-zero targets for aviation services, aiming to eliminate scope 1, 2, and 3 CO2e emissions by 2045. (Statement)
  • Following cabinet approval, the UAE’s Ministry of Climate Change and Environment (MOCCAE) has made public a nationwide “comprehensive roadmap” that will see emissionsslashed by 40% by 2030, from sectors including transport. (Statement)
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