TRADE-

Egypt allocates 43 readied factories in the Robbiki Leather City phase three, targeting finished products and exports, according to a statement. The government hopes that the city’s third development phase will become an export base of finished leather products.

What’s next? The selected applicants will be notified soon before the official results of the offering are made public on the Egypt Industrial Digital Platform. A second offering will also soon be announced, the statement added.

REMEMBER- The offering was posted back in December and included incentives for investors, including an option to pay 25% upfront in exchange for a one-year grace period on payments, with the remaining balance to be paid over five years at a 10% annual interest rate.

PORTS-

Saudi Arabia issues tender for Buraydah City port: Saudi Arabia’s Qassim Municipality has announced a tender to establish, operate, and maintain a dry port east of Buraydah, SPA reports. The project, whose contract is for a 50-year period, covers over 1 mn square meters. The deadline for bids is on 4 March 2025.

MARITIME + SHIPPING-

Qatar boosts protective measures for over 300 offshore assets: Qatari offshore installation firm Bin Omran Trading and Telecommunications has subcontracted Norway-based software developer Vissim to deliver a centralized vessel monitoring and altering system (CVMAS) for Qatar’s offshore assets, Offshore Energy reports. The system — set to be operational in 1H 2025 — will increase safety measures for over 300 offshore assets, optimize vessel logistics and location services, and reduce carbon emissions.

OTHER STORIES WORTH KNOWING THIS MORNING-

  • Saudi Exim inks new credit line: Saudi Export-Import Bank (Saudi Exim) signed a USD 15 mn credit line agreement with Pakistani private lender Bank Al Falah to support Saudi non-oil exports to the South Asian country. (Statement on X)
  • Royal Air Maroc relaunches Casablanca-Beijing route: Moroccan airline Royal Air Maroc has launched three weekly flights from Casablanca to Beijing. (Morocco World News)
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