STORAGE + WAREHOUSES

Kezad secures USD 50 mn for new warehouse: Abu Dhabi’s Khalifa Economic Zone (Kezad) has inked a 50-year land lease agreement with warehouse operator StockSpace and French project developer Axione Development to set up a Grade A warehouse facility in Al Ma’mourah, according to a statement. The project — earmarked at AED 50 mn — will span nearly 14.2k sqm. The warehouse will be tailored to serve the F&B and fast-moving consumer goods industries — slated to generate some 100 new jobs in Kezad.

DISPUTE WATCH-

Agility loses appeal case over land use: The Kuwaiti Court of Appeals sided with the Public Authority of Industry (PAI) in a land dispute with warehousing and industrial developer Agility, according to a company disclosure. The court affirmed an earlier order that Agility evict the land, relinquishing it to the PAI.

What’s next? The logistics giant plans to challenge the decision in the Cassation Court in a bid to maintain control of the plot — valued at roughly KWD 30 mn — which generates a revenue of KWD 5.5 mn, according to the disclosure.

Not the first round: The same parties were locked in a previous legal battle over a 2003 contract for 941k sqm of land in Doha, Kuwait — one of five contested by the Kuwaiti government. Together, these plots constitute roughly 3.5% of the company’s consolidated revenues (KWD 43 mn). The Kuwaiti Court of Appeals also ruled in favor of the PAI back then in 2023.

AVIATION-

Kenya + Qatar ink aviation cooperation agreement: Qatar’s flagship airline inked an MoU with Kenya Airways to launch a code-sharing agreement and boost the volume of flights between the two countries, QNA reports. Under the agreement, the two airlines will explore ways to boost collaboration on air cargo, ground handling services, maintenance, repair, and overhaul, as well as airport services. The two carriers will also add a daily flight between Doha and Mombasa, bringing the total number of daily flights to three. .

ALSO– The airline has restored services to Iraq, Lebanon, Jordan, and Syria after a regional airspace closure on the back of the Israel-Iran conflict, according to a statement. Qatar Airways resumed its services to several airports, including Iraq’s Baghdad International Airport, Erbil International Airport, Sulaymaniyah International Airport, Al Najaf International Airport, and Basra International Airport. It also resumed flights to Syria’s Damascus International Airport and Lebanon’s Beirut-Rafic Hariri International Airport.

#2- Budget airline Flydubai is starting to resume normal operations after regional airspaces mostly reopened, with direct flights to St Petersburg restarting today, according to a company statement. Flights to Iran — with the exception of Mashhad — remain suspended until Saturday, 5 July. Routes to Iraq, Israel, Jordan, Lebanon, and Syria have returned to normal.

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