LOGISTICS HANDLING-

Asyad joins Omani mining project: Asyad Group has signed an agreement with fellow Omani firm Mazoon Mining to provide sea and land logistics services for the Yanqul Copper Project, according to a press release. The logistics giant will handle the transportation of equipment, components, and construction materials, as well as leverage its port infrastructure.

About the project: The project — spanning 20 sq km — has estimated copper ore reserves of 22.9 mn tons and is set for operational launch in 1Q 2027. It will also feature a plant with an annual processing capacity of 2.5 mn tons of copper ore and a production capacity of 115k tons of copper concentrate.

TRADE-

#1- UAE-Jordan CEPA kicks in: The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Jordan came into effect today, marking the UAE’s first CEPA with an Arab country, state news agency Wam reports. The agreement aims to increase bilateral non-oil trade to more than USD 8 bn by 2032, up from USD 5.6 bn in 2024. The agreement will help boost cooperation in renewable energy, pharma, logistics, and tourism.

Another four to six CEPAs are set to be finalized this year, Foreign Trade Minister Thani Al Zeyoudi told CNBC Arabia, including with Egypt following ministerial intervention to resolve outstanding issues “within days.” Agreements with Ukraine and the Eurasian Economic Union will be ratified in the coming months, while one with Nigeria could be completed before the year-end, he added. Negotiations with the Mercosur bloc and the EU, as well as with Tunisia, are underway.

#2- Xinxing lands USD 47 mn in regional export contracts from Egypt plant: China’s Xinxing Ductile Iron Pipes signed four supply agreements worth USD 47 mn for ductile iron pipe from its recently inaugurated Ain Sokhna factory, according to a statement. The output will feed infrastructure projects in Kuwait, Iraq, Tunisia, and Jordan.

Orders already lining up: The new agreements come on the heels of EGP 34.5 bn in supply agreements signed during the plant’s official inauguration this week to provide 77.6k tons of pipes to local and international projects.

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