SHIPPING + MARITIME-
Dubai-based logistics firm Al Sharqi Shipping is expanding to Kenya and Uganda, with the support of the Dubai Chamber of Commerce’s Kenyan office, according to the Dubai Media Office. The firm will extend supply chain, freight forwarding, and cargo consolidation services, while expanding its offerings — from customs clearance to investing in local trucking infrastructure — across African markets.
ROADS-
The SAR 200 mn bridge connecting the Jazan Special Economic Zone to the Jazan City for Primary and Downstream Industries (JCPDI) Port is 55% complete, state news agency SPA reports. The 625 m bridge, developed by the Royal Commission for Jubail and Yanbu, aims at easing the movement of goods and supporting the growing economic activities in the region.
TRADE-
The Iraqi and Turkish governments are forming a joint customs committee to streamline bilateral trade flows, Iraq News Agency reports. Both parties are working to raise their trade volume to USD 30 bn, with plans to establish new customs ports and joint investments, the state-owned outlet says.
REMEMBER- Iraq’s Development Road Project seeks to establish Iraq as an intermodal transhipment hub, connecting it to Turkey via 1.2k km of road and rail. Regional players, including the UAE, Turkey, and Qatar, have all pledged to back the project.