PROJECTS-

STAM tapped for Casablanca Airport works: Moroccan engineering and construction firm STAM was awarded a MAD 294 mn (c. USD 29 mn) construction contract for a new terminal at Mohammed V International Airport in Casablanca, Hibapress reported on Saturday. The new terminal development aims to double airport capacity by the time of its scheduled completion in 2029 as the country prepares to host the FIFA World Cup in 2030.

REMEMBER- Morocco has been reported to be working on a new airport development in Casablanca that would accommodate about 40 mn passengers. The exact scope and the investment ticket of the new project are still unclear, with some reports citing a USD 3 bn figure and others mentioning a USD 1.6 bn ticket.

PORTS-

AD Ports eyes JV for healthcare deliveries across Africa: Abu Dhabi Ports Group inked an MoU with leading regional healthcare services provider Burjeel Holdings to explore the formation of a new healthcare logistics joint venture (JV), according to a statement. The JV would accelerate the delivery of high-quality medical supplies, equipment, and pharma goods across Africa.

Leveraging AD Ports’ Africa operation: AD Ports aims to leverage its logistics handling network to facilitate inland transport, which includes a wide portfolio of terminals and logistics zones across the continent. The company’s Africa portfolio includes operations in Egypt’s Port Said and Safaga Terminal, Angola’s Lunada Terminal, Congo-Brazzavill’s Pointe Noire, and Tanzania’s Dar es Salaam Port.

SUPPLY CHAINS-

Oman’s Asyad Group received four bids to conduct a feasibility study evaluating Oman’s logistical supply chain readiness for the firm’s planned green hydrogen projects, Zaywa reports. The study will review ports and inland infrastructure, as well as other aspects that could impact shipping, exports, and imports of green hydrogen. The goal of the study is to provide future contractors and developers with the required information to facilitate the execution of projects. Winners are yet to be announced for the tender.

The companies being considered are:

ZONES-

Egypt’s Abu Qir Fertilizers launches private freezone firm: Abu Qir Fertilizers’ board approved launching Khaleej AbuQir for Agri-Nutrient as a private freezone company with USD 100 mn in authorized capital and USD 5 mn in paid-in capital, according to the EGX-listed company’s latest financials (pdf). The board also approved merging North AbuQir for Agri-Nutrient with it. The board also greenlit the liquidation of Global Company for Methanol and its Derivatives and to buy back shares from shareholders.

SOUND SMART- A private freezone designation is granted to strategic projects on a case-by-case basis, usually when the project’s economic feasibility is dependent on establishing it in a specific location outside public freezones, according to a publication by the General Authority for Freezones and Investments.

FREIGHT FORWARDING-

FedEx expands UAE retail access via Emirates Post branches: FedEx has opened 68 Authorized Shipping Centers at Emirates Post locations across the UAE, allowing walk-in customers to access international shipping services without a FedEx account, according to a press release. The rollout is part of FedEx’s push to expand its retail footprint and meet growing demand for express logistics from businesses and consumers, as the UAE’s population tops 11 mn.

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