DP World making moves

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What we're tracking today

TODAY: Contamination from Iran oil pipeline leakage increases + Afghanistan, Iran talk developing Khaf-Herat railway

Good morning, friends. It’s one of those Goldilocks-type news days in the logistics world of our region: Not too slow, not too busy — just right. We have a few M&A stories this morning, as well as plenty of aviation and ports tidbits for you to start your day with.

THE BIG LOGISTICS STORY- Dubai-based DP World is set to snap up a 58% stake in Turkey’s Evyap Port as part of a planned strategic equity partnership between DP World Yarimca Port and Evyap Group.

^^ We have everything on this story and more in the news well, below.

HAPPENING TODAY-

Iran battles oil spill: A lengthy stretch of Iran’s Gulf coast has been contaminated by oil leaking from an offshore pipeline earlier this week, Bloomberg reports, citing Iran’s official Islamic Republic News Agency (IRNA). Contamination is increasing as high tides bring more of the spill ashore, a Ports and Maritime Organization official told IRNA, stressing the need for quick action to limit the damage. The site of the spill is near major oil storage facilities and underwater pipelines connecting to export terminals at Kharg Island. Pipelines have been shut down for repairs and cleanup efforts are underway, according to IRNA.

Kuwaiti firefighters have contained a blaze at a warehouse in the Shuwaikh industrial area, KUNA reports. The warehouse was storing construction materials and electric appliances. No injuries have been reported.

A delegation from the Afghanistan Railway Authority met with Iranian railway officials in Tehran yesterday to discuss developing the Khaf-Herat railway, according to a statement. The meeting mainly discussed ways to improve the efficiency of the Khaf-Herat railway’s third section. The Iranian side said it is committed to collaborating on enhancing the transportation capabilities along this route. A previous statement said that the agenda for the meeting included the initiation of short-term technical training programs for Afghan Railway Department employees and enhancing bilateral railway cooperation.

WATCH THIS SPACE – Menzies-held cargo still not released from Namibia airport warehouse: Agility-owned Menzies Aviation Namibia has yet to release cargo stored at Hosea Kutako International Airport following the company’s eviction from the airport after Paragon Aviation Services took over ground handling services, The Namibian reports. Despite “several engagements,” the cargo, held since 18 August, remains unreleased to its owners, causing concern among freight forwarders and clients, a Namibia Airports Company (NAC) spokesperson said. Menzies does not have a representative at the airport, which has hampered communication and forced inquiries by cargo agents to be rerouted to South Africa.

DATA POINT #1- Iran exported some 56 mn tons of non-oil goods worth USD 19.3 bn in the first five months of the current Iranian calendar year (21 March-22 August), state-aligned Tasnim reports, citing the country’s Customs Administration. China, Iraq, Turkey, India, and the UAE were Iran’s main export markets. Iran also imported 14.4 mn tons of non-oil goods worth some USD 24.2 bn.

DATA POINT #2- Jordan recorded a 2% y-o-y increase in its general index for wholesale trade prices 1H 202 3, reaching 105.6 points from 103.5 points, according to Jordan news agency(Petra). Machinery prices topped the list of items with a 4.11% increase; followed by the group price of motor vehicles and motorcycles by 3.5% percent; textiles, clothing, and household goods by 1.59%; agricultural raw materials, grains, F&B, tobacco by 1.31%; and fuel, metals, and construction materials by 1.27%. The jump in the index also came on the back of an increase in the group price of agricultural raw materials, grains, food, beverages, tobacco, machinery, textiles, and motor vehicles. However, the total group price of fuel, metal, and construction materials decreased by 0.61%.

DATA POINT #3- Qatar’s trade surplus narrowed 43.5% y-o-y in July to QAR 19.6 bn, mainly due to a drop in the value of energy exports, according to the country’s Planning and Statistics Authority. The value of petroleum gas and other gaseous hydrocarbon exports fell 44% y-o-y to around QAR 17 bn during the month. Crude exports fell 10.6% to QAR 5.4 bn and non-crude petroleum oils fell to QAR 2.7 bn in July. The trade surplus was up 12.8% m-o-m in July. China remained Qatar’s top export market in July, with a 20.7% share of total exports, valued at QAR 6 bn, followed by South Korea with a 14.2% share, valued at QAR 4.1 bn and India with a 9.2% share, valued at QAR 2.8 bn.

SOUND SMART- LNG prices skyrocketed last year as European customers turned to Qatar to compensate for the supply disruption caused by Russia’s invasion of Ukraine.

DATA POINT #4- The EU’s trade balance returned to a surplus of EUR 1 bn in 2Q 2023 after six consecutive quarters of deficit, according to Eurostat data. The previous quarter saw a EUR 155 bn deficit. Exports during the second quarter dropped 2% y-o-y, although machinery and vehicle exports rose 2.5% y-o-y, while imports fell 3.5%. The surplus came off the back of lower energy prices as EU imports during the quarter saw a 15.6% y-o-y drop in energy and a 10.9% y-o-y fall in raw material.

CIRCLE YOUR CALENDAR-

The Construction Week Leaders in Construction KSA Summit will be held on 2 September at the Crowne Plaza in Riyadh, KSA. The one-day event will see industry leaders discussing the current trajectory of the kingdom’s gigaprojects where construction leaders will provide future growth.

Global smart logistics platform Shipsy will showcase its AI-driven innovations at Seamless Saudi Arabia 2023 on 4-5 September, according to a press release. The company will highlight how it helps supply chain stakeholders leverage AI for business growth, cost reduction, and improved customer experiences. The company will use this opportunity to present its Logistics Intelligent Assistant, an AI-powered tool that employs predictive analytics for proactive incident management and efficient delivery operations.

The Global Trade and Supply Chain Summit is taking place on 19-20 September at the Address Dubai Marina Hotel, UAE. The event, hosted by Economist Impact, will bring together some 500+ business and supply chain leaders, high level government representatives, and policymakers to discuss the implications of trade policy, business logistics, supply chain diversification from China, sustainability, product traceability, digital trade, customs compliance and evolution, supply chain resilience, and trade in emerging regions, among other topics.

The Saudi Maritime Congress will take place at Dhahran Expo in Dammam, Saudi Arabia on 20-21 September. The event will bring together regional and international professionals from the maritime, shipping, and logistics sectors to meet, network, and do business with some 120 leading maritime exhibitors.

The Duqm Economic Forum , hosted by Oman’s Public Authority for Special Economic Zones & Freezones (OPAZ), will take place on 16-17 October at the Crowne Plaza Hotel in Duqm, Oman. The two-day event will showcase green investment avenues offered by the Special Economic Zone at Duqm(Sezad). The event will bring together business leaders, policymakers, industrialists, trade specialists, logistics professionals, and experts to discuss and present case studies, assess future trends, and exchange knowledge, insights, expertise, and discuss upcoming investments, according to the event brochure (pdf).

The Construction Week Leaders in Construction UAE Summit is taking place on 20 September at the Grosvenor House in Dubai, UAE. The one-day event aims to bring together industry experts to contribute their insights on the latest technologies and trends in the construction sector. The conference will explore how to adapt to technology, localizing the industry, and how to finance projects to spur economic growth.

R egistration for the Digital Prosperity Awards , which was launched by the Organization for Digital Cooperation, ends on 30 September. The competition is set to honor global contributions that empower governments, businesses, and communities to collaborate and accelerate digital economic advancement.

Check out our full calendar at the bottom of this email for a comprehensive listing of upcoming news events and news triggers.

DP World is getting a majority stake in Turkey's Evyap Port

Dubai-based DP World is set to snap up a 58% stake in Turkey’s Evyap Port as part of a planned strategic equity partnership between DP World Yarimca Port and Evyap Group, according to a statement. The partnership between DP World Yarimca Port and Evyap Port will see the Turkish port renamed DP World Evyap Port. The completion of the transaction is contingent upon regulatory approval, the statement adds. No details on the expected timeline or financials were provided.

Who’s going to own what: DP World will hold a 58% stake in Evyap Port, while Evyap Group will own 42% of DP World Yarimca.

The potential upsides: The partnership is poised to improve trade infrastructure by boosting container port facilities as well as enhance efficiencies in the key Marmara gateway market. It will also look to ameliorate Turkey’s supply chain solutions while enhancing productivity. Turkish trade will see enhancement through better productivity, lower turnaround times, increased security, and wider service offerings.

IN OTHER M&A NEWS-

Dubai-based maritime software company Marcura has signed an agreement to acquire online procurement system ShipServ, Marcura said yesterday. The merger of the two companies will “serve a combined customer base of 800 blue-chip maritime customers and a network of 47k maritime suppliers globally,” Marcura said. The value of the transaction, which is set to be finalized “within weeks,” has not been disclosed.

What they said: “The combination of Marcura and ShipServ creates an industry-leading vertical software, data, payments and procurement platform focused on the maritime sector,” Marcura Group CEO Jens Poulsen said.

Background: Marcura previously sold its recap and charter party management platform MarDocs to Clarksons’ software spin-off Sea in early 2023.

DP World has its eyes down under

DP World to boost warehouse capacity in Australia: DP World is looking to “almost double” warehousing capacity at the Stockland’s Yennora Distribution Center in Western Sydney, Daily Cargo News (DCN) reported, citing company statements. Dubai’s port operator is looking to add three warehouses with a total area of 45k sqm to the intermodal facility as it looks to expand its global operations and establish itself as “a customer-centric, end-to-end supply chain solutions provider.” The new facilities will be operated in partnership with Australian logistics outfit AWH, DCN wrote.

What they said: “By boosting our logistics capabilities and integrating our infrastructure we will create a contract logistics hub in one of the largest intermodal terminals in the region to enable stronger and more efficient supply chain solutions for our customers. This project will create significant value for the existing tenants, as well as attracting other importers and exporters that will benefit from a seamless supply chain from factory floor to customer door,” DP World Asia Pacific CEO and managing director Glen Hilton said.

Iran objects to US offloading seized oil + Iraqi Airways pushes to lift EU ban + Kuwaiti crown prince talks trade with UK prime minister

Iran summons Swiss diplomat to protest US’ offloading of seized Iranian oil: Iran summoned the chargé d’affaires of the Swiss Embassy in Iran to express “strong objection” to the offloading of Iranian crude oil seized by American authorities, ABC News reported, citing statements by Iranian Foreign Ministry spokesman Nasser Kanaani. Switzerland has represented American interests in Iran since the 1979 US Embassy hostage crisis.

They have been at it for months: The statements by the Iranian official acknowledged that the seized cargo is Iranian. This is the latest development in a tit-for-tat tanker war that has also seen Iran seize tankers near the Strait of Hormuz and the USA increasing forces in the region to deter Iran.

ALSO WORTH KNOWING-

Iraqi Airways Director General Manaf Abdel Moneim met with Canadian Ambassador to Iraq Gregory Galligan to discuss lifting an EU ban on the Iraqi carrier. (Ministry statement)
Iraqi Prime Minister Mohammed Shia’ Al Sudani met with Turkish Trade Minister Omer Bolat yesterday to discuss boosting bilateral cooperation. (Qatar News Agenc y)
Kuwait’s Crown Prince Sheikh Meshal Al Ahmad Al Sabah sat down with the UK’s Prime Minister Rishi Sunak yesterday to discuss strengthening trade ties. (The National News)

Etihad Cargo digitizes its cargo processes + IndiGo launches new flight to Abu Dhabi. Plus: Updates from Qatar Airways, RyanAir, QRDI, SkyCargo, and more

AVIATION-

Dnata + SpeedCargo partner up to digitize cargo processes for Etihad Cargo: Air and travel services provider dnata has partnered with technology solutions provider SpeedCargo, to provide cargo services to Etihad Cargo at Singapore Changi Airport, according to a press release. Etihad Cargo will leverage Speedcargo’s two solutions–cargo eye, and assemble installed at dnata’s facilities for its flights departing from Singapore. The cargo eye solution implements 3D technology to scan and capture cargo’s dimensions, volumes, images, and labels to provide a digital record—which is then input into the assemble solution which creates a digital plan for building a pallet, the release states. The end result of implementation of the solutions is improving efficiency through end-to-end service of cargo capacity, Speedcargo CEO Krishna Kumar Nallur commented in the release.

Indian air carrier IndiGo has launched a new flight between North Goa and Abu Dhabi starting 2 September, according to a press release. The flight will run three times a week to serve increased demand and strengthen connectivity in Abu Dhabi. This flight adds to the carrier’s existing flights from Delhi, Mumbai, Chennai, Kochi, and Hyderabad, which fly to Abu Dhabi 52 times a week.

Qatar Airways is eyeing Latin America and Brazil expansion following a boost in operations post World Cup, Reuters reports. The airline is set to expand its destinations to more than 255 instead of 170 as it looks to add flights to Buenos Aires through Sao Paulo and increase its services from Doha to Sao Paulo to 18 weekly flights, vice president of sales in the Americas Craig Thomas said, adding that the South America expansion will be complete in 2024. The company reported a 45% y-o-y surge in revenues to USD 21 bn in FY 2022-23 on the back of a surge in the number of passengers during the FIFA World Cup.

Irish budget carrier Ryanair expands in Amman: Ireland’s Ryanair has confirmed a five-year maintenance agreement with maintenance, overhaul, and repair outfit Joramco, Dubai Aerospace Enterprise’s (DAE) engineering arm, according to a press release. The new arrangement will see the airline benefit from six heavy aircraft maintenance lines at Joramco’s facilities in Amman, with Joramco conducting 41 checks for the upcoming winter season.

Ryanair wants to ensure that it can maintain its growing fleet: Joramco’s 110k sqm aircraft maintenance hub in Amman will be brought to bear on Ryanair’s heavy maintenance requirements as the carrier ramps up its fleet, particularly with a recent order for 300 Boeing MAX-10 fuel-efficient aircraft slated to bolster the airline’s capacity to 300 mn passengers per annum by 2034, the statement explained. “This agreement will ensure that Ryanair continues to have flexibility as to where it places its aircraft for the winter maintenance season,” said Ryanair COO Neal McMahon.

QRDI inks agreement with MATAR to improve airport conditions: The Qatar Research, Development and Innovation(QRDI) Council’s flagship program — Qatar Open Innovation (QOI) — is partnering with Qatari airports operations and management company MATAR to establish three innovation challenges, according to a press release. The initiatives aim “to increase accessibility for persons with disabilities, enhance customer experience in car parking facilities, and enable predictive management capabilities for asset intensive industries,” RDI Program Director at QRDI Council Haya Al Ghanim said. The three initiatives include an indoor navigation wayfinder for customers with disabilities, predictive asset replacement for infrastructure-centric industries, and automated car parking access and payment systems.

DIGITIZATION-

Emirates SkyCargo upgrades digital customer experience with CargoAi: Emirates SkyCargo has partnered with CargoAi to use the latter’s marketplace platform CargoMART to enhance its digital customer experience and improve booking processes with real-time information, according to a company press release. CargoMART’s customers will now see Emirates SkyCargo schedules, tariffs, and contract rates, as well as have real-time access to available capacity and immediate bookings 24/7. More than 10k freight forwarders on CargoAi’s database will have access to the system. The partnership has launched in the Netherlands, Spain, and France, and it is set to expand across Europe, the Americas, Africa, the Far East, and Australasia in the next few months.

ALSO WORTH KNOWING-

The General Administration of Abu Dhabi Customs has completed an AED 46.5 mn, 6k sqm accommodation expansion for its employees at the Al Ghuwaifat border crossing in Al Dhafra region. The facility can house 220 employees. (WAM)

Maersk subsidiary APM Terminals is eyeing a new terminal in Laldia

APM Terminals keen on expanding its South Asian footprint : Danish shipping conglomerate AP Moller Maersk subsidiary APM Terminals is looking to expand its presence in Bangladesh by investing some USD 450 mn into a new 46 acre container terminal at Chattogram port’s Laldia, Chittagong Port Authority(CPA) Chairman Mohammad Sohail told The Daily Star.

This comes following a meeting between Maersk CEO Robert Maersk Ugglas and Bangladesh’s Prime Minister Sheikh Hasina, who said the project should get underway soon, Splash reports. The port is expected to reel in some USD 7 bn in foreign investments over the next three years, Sohail is quoted as saying by the outlet.

UK flights resume after air traffic control glitch caused delays: The UK’s National Air Traffic Service (NATS) announced that it had “identified and remedied” a technical fault which had caused widespread disruption to flights across the country on Monday, according to an updated statement. “We are now working closely with airlines and airports to manage the flights affected as efficiently as possible,” NATS said. Although the national air traffic controller did not disclose too many details on the nature of the technical fault, it did mention that automatic flight planning was interrupted and had to be done manually, causing delays.

What’s the damage? A total of 790 departure and 785 arrival flights were canceled due to the technical glitch, accounting for 27% of flights to and from the UK, CNBC reported separately. London’s Heathrow airport took the brunt of delays, with Gatwick and Manchester also being heavily affected.

And what caused the glitch? UK authorities are still looking into what’s behind the failure, but have so far ruled out cyberattacks as a potential cause, the BBC reported.

The disruption took place during the UK’s busy bank holiday period, as many travelers were making their way back home from summer holidays abroad, CNBC wrote. Despite rumors on X (formerly known as Twitter), NATS stressed that UK airspace had remained open throughout the incident. Flight tracking website Flightradar24 posted a snapshot of the skies above the UK at noon, Monday. In an accompanying statement, the flight tracker mentioned that UK airports, including London Heathrow, were “significantly limiting departures” but allowing arrivals to continue.

How long will it take for things to go back to normal? Despite NATS’ fixing the technical glitch in a few hours, the backlogs created by the disruptions will take several days to work out, UK transport secretary Mark Harper told the BBC.

Maersk lay off 130 employees in restructuring: Maersk Supply Service (MSS) is set to lay off about 130 employees over two years as part of a restructuring that will involve concentrating on offshore wind and offshore support vessels (OSVs), Seatrade Maritime News. The company will focus its fleet in the Atlantic Basin and the North Sea, moving two vessels from Australia there once their contracts expire. The company will not take on any new turn-key projects due to unfavorable risk-reward balance, but it will honor existing commitments.

Management restructuring: Senior executives COO Mark Handin (LinkedIn) and head of Integrated Solutions Olivier Trouvé (LinkedIn) will leave the company by the end of next month. The company’s current CCO, Jonas Munch Agerskov (LinkedIn), will transition to the newly created role of Executive Vice President for Offshore Wind, and Michael Mortensen (LinkedIn) will join Maersk Supply Service as new Chief Commercial Officer responsible for the commercial side of the OSV business.

ICYMI: Following the acquisition of MSS by AP Moller Holding from AP Moller-Maersk in May, Christian Ingerslev, former head of Maersk Tankers, has become MSS’s CEO, leading a restructuring that aims to concentrate on the growing OSV market and offshore wind sector, driven by the advancing energy transition.

Shipping firms promoting shore power: Cosco Shipping Lines, Cosco Shipping Ports, and Orient Overseas Container Line (OOCL) are partnering to promote the use of shore powers to contribute the development of a greener shipping industry, Seatrade Maritime News reports. The three companies are calling on port operators to encourage the construction of shore power supply facilities, ensure their smooth operation, and improve berth planning to help provide shore power services to vessels at berth. The companies are also calling on shipping liners to install offshore power reception facilities on board.

Calendar

SEPTEMBER

September: Hassan Allam Utilities + Agility to open Yanmu East logistics park.

4-5 September (Monday-Tuesday): Seamless Saudi Arabia, Riyadh Front, Saudi Arabia.

4-6 September (Monday-Wednesday): The Sustainable Maritime Industry Conference, Ritz Carlton, Jeddah, Saudi Arabia.

4-8 September (Monday-Friday): Logistics and Transport Management, Dubai, UAE.

5 September (Tuesday): The Leaders in Logistics KSA Summit, Crowne Plaza Al Waha, Riyadh, Saudi Arabia.

6-7 September (Wednesday-Thursday): Sustainability LIVE London, Business Design Centre, London, UK.

11-14 September (Monday-Thursday): The Libyan Moroccan Forum for Trade and Business, Tangiers, Morocco.

11-15 September (Monday-Friday): London International Shipping Week 2023, International Maritime Organization, London, UK.

12 September (Tuesday): Global Pharma Logistics Summit 2023, ITC Maratha, Mumbai, India.

17-18 September (Sunday-Monday): Sustainable TransportationandLegacy for Generations, Doha Exhibition and Convention center, Doha, Qatar.

18 September (Monday): Connecting Trade Worldwide (CTW) Global Summit 2023, Dubai, UAE.

18-19 September (Monday-Tuesday): Enterprise Finance Forum, St. Regis Hotel, Cairo, Egypt.

19-20 September (Tuesday-Wednesday): Economist Impact’s Global Trade and Supply Chain Summit, The Address Dubai Marina, Dubai, UAE.

20 September (Wednesday): Construction Week Leaders in Construction UAE Summit Grosvenor House, Dubai, UAE.

20-21 September (Wednesday-Thursday): Saudi Maritime Congress, Dhahran Expo, Damman, Saudi Arabia.

20-22 September (Wednesday-Friday): Transport Evolution Africa Forum and Expo, Inkosi Albert Luthuli ICC Complex (Durban ICC), South Africa.

20-23 September (Wednesday-Saturday): MTB Workboats, Hyatt Regency, Dubai, UAE.

25-27 September (Monday-Wednesday): Airline Economics Growth Frontiers Middle East & Africa, The Ritz-Carlton, Dubai, UAE.

25-27 September (Monday-Wednesday): Agriculture Horticulture Development Board’s trade mission to Kuwait.

26-27 September (Tuesday-Wednesday):Gulf-Iraq Business Forum, Sharjah Chamber of Commerce and Industry, UAE.

26-28 September (Tuesday-Thursday): ProcureCon, Hyatt Regency Barcelona Tower, Spain.

26-28 September (Tuesday-Thursday): Breakbulk Americas, George R. Brown Convention Center, Houston, Texas.

September-November: Emirates Postal Group’s “Logistics Unleashed” competition, UAE.

OCTOBER

Egypt’s Suez Canal Economic Zone (SCZone) goes on a roadshow to South Korea.

3-4 October (Tuesday-Wednesday): IATA World Sustainability Symposium, Madrid, Spain.

3-5 October (Tuesday-Thursday): Smarter Mobility Africa Summit, South Africa.

9-15 October (Monday-Sunday): 2023 World Bank Group – IMF Annual Meetings, Marrakech, Morocco.

10-12 October (Tuesday-Thursday): Autonomous E-mobility Forum, Doha, Qatar.

10-12 October (Tuesday-Thursday): Cool Logistics Global 2023, Genoa Stock Exchange, Genoa, Italy.

16-17 October (Monday-Tuesday): Duqm Economic Forum, Crowne Plaza, Duqm, Oman.

24-25 October (Tuesday-Wednesday): Future Fuels Europe, Amsterdam, Netherlands.

26-29 October (Thursday-Sunday): ICASM 2023, Conrad, Etihad Towers, Abu Dhabi, UAE.

30 Oct-2 Nov (Monday-Thursday): IAPH World Ports Conference, Abu Dhabi, UAE.

30 Oct-2 Nov (Monday-Thursday): XLP AGM 2023, Barcelona, Spain.

30-31 October (Monday-Tuesday): Gartner Supply Chain Planning Summit, London, UK.

September-November: Emirates Postal Group’s “Logistics Unleashed” competition, UAE.

NOVEMBER

1 November (Wednesday): Smart Maritime Network Dubai Conference, Conrad Dubai, UAE.

9-15 November (Thursday-Wednesday): Intra-AfricanTrade Fair, Cairo, Egypt.

15-17 November (Wednesday-Friday): Global Freight Summit 2023, Coca Cola Arena, Dubai, UAE.

13-17 November (Monday-Friday): Dubai Airshow, Dubai World Center, UAE.

14-15 November (Tuesday-Wednesday): Supply Chain & Logistics Arabia, Narcissus, Riyadh, Saudi Arabia.

14-17 November (Tuesday-Friday): IATA Slot Conference, Dubai World Trade Centre, Dubai, UAE.

15 November (Wednesday): Leaders in Logistics UAE Summit, Dubai, UAE.

21-23 November (Tuesday-Thursday): Intermobility Expo 2023, Dubai World Trade Center, Dubai, UAE.

21-23 November (Tuesday-Thursday): Touchdown Middle East, Gulf Hotel, Bahrain.

23 November (Thursday): Global Supply Chain and Logistics Summit, Grand Millennium Hotel Business Bay, Dubai, UAE.

30 November-3 December (Saturday-Tuesday): Handling Expo, Egypt International Exhibition Center, Cairo, Egypt.

September-November: Emirates Postal Group’s “Logistics Unleashed” competition, UAE.

DECEMBER

10-11 December (Tuesday-Wednesday): Invest in Logistics, St.Regis Almasa Hotel, New Administrative Capital, Egypt.

EVENTS WITH NO SET DATE

2H2023:Construction of Neom’s first hydrogen fueling station will kick off.

2H2023: Expansion of Baghdad International Airport to begin.

3Q 2023: Design and supervision contract for Oman’s proposed Musandam Airport to be awarded.

Before the end of the year: The first phase of the Ain Sokhna port redevelopment will wrap.

2024

1Q 2024: Construction of phase 3 of Agility’s logistic park in Abidjan, Côte d’Ivoire to be completed.

1H 2024: Work is scheduled to begin on the 162 km Rasht-Astara railway in Iran.

FEBRUARY 2024

13th World Trade Organization Ministerial Conference, Abu Dhabi, UAE.

12-13 February (Monday-Tuesday): Breakbulk Middle East conference, Dubai Trade Centre, UAE.

12-15 February (Monday-Thursday): African Air Expo, Cape Town, South Africa.

28 February-1 March (Wednesday-Friday): MENA Transport Congress and Exhibition 2024, Dubai, UAE.

MARCH 2024

5-6 March (Tuesday-Wednesday): MRO Middle East, Dubai Trade Center, Dubai, UAE.

12-14 March (Tuesday- Thursday): IATA World Cargo Symposium, Hong Kong International Airport, Hong Kong.

MAY 2024

2-3 May (Thursday-Friday): Geneva Dry, Hotel President Wilson, Geneva, Switzerland.

21-23 May (Tuesday-Thursday): WAGA 2024, Riyadh, Saudi Arabia.

JUNE 2024

19-21 June (Wednesday-Friday): World Freezones Organization’s Annual International Conference and Exhibition, Bari, Italy.

NOVEMBER 2024

13-15 November (Wednesday-Friday): The Bahrain International Airshow, Sakhir Airbase, Bahrain.

DECEMBER 2024

10-12 December (Tuesday-Thursday): Middle East Business Aviation, DWC, Dubai, UAE.

2025

Mid-2025: Iraq will complete phase one of the construction of the Grand Faw Port.

DHL and Aramco’s logistics and procurement hub in Saudi Arabia will commence operations.

2027

4Q 2027: Oman’s Musandam Airport construction to be completed.

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