Al Dar Properties break ground on logistics hub in Dubai South

LOGISTICS HANDLING-

Construction starts on Dubai’s first build-to-lease logistics facility: Dubai South and Abu Dhabi-based real estate developer Al Dar Properties have broken ground on the first build-to-lease logistics facility in Dubai, according to a statement. The facility, covering 24k sqm, is set to be completed by the end of 2024. The pair entered into a JV agreement in February to develop the Dubai South logistics facility, which is situated near Al Maktoum International Airport and neighbors global giants like Amazon, Noon, and DHL.

TRADE-

UAE + India to boost trade: The Sharjah Chamber of Commerce and Industry’s Indian Business and Professional Council held a meeting yesterday to ramp up economic cooperation and trade between Sharjah and India, reports Wam. The meeting aimed to explore investment windows for Sharjah-based Indian companies in the energy, maritime industries, tourism, real estate, and contracting sectors, and facilitate sustainable partnerships.

OTHER STORIES WORTH KNOWING THIS MORNING-

• Japan Airlines flies to Doha: Japan Airlines has launched its inaugural daily flight from Tokyo Haneda Airport (HND) in Japan to Hamad International Airport in Qatar. (Press release)
• Flynas takes delivery of 50th plane from Airbus order: Saudi low cost carrier Flynas has received its 50th aircraft from a substantial order of Airbus A320 airliners. The purchase agreement with Airbus is for 120 aircraft at a cost of SAR 32 bn. (SPA)