Saudi-based AviLease and Emirates boost their fleets

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TODAY: Saudi-based AviLease, Emirates boost their fleets + Blouda Towage lands in Morocco

Good morning, folks. The news cycle remains busy this week as offices fill up after Eid break. Aviation industry updates from Turkey, Saudi and the UAE are leading the issue alongside an important update on Morocco’s Nador West Med port. But first, the latest on the global trade front…

THE BIG LOGISTICS STORY- Trump floats fresh tariffs on China: The US President Donald Trump is threatening China with an additional 50% tariff in response to the Asian nation’s recently announced 34% tariff — due on 10 April — on American imports in retaliation to the US’ tariff bonanza from last week.

What’s the latest? The additional levy — which Trump said would enter into effect midnight tomorrow unless China scraps its 34% duty — would bring the US’ total tariffs on Chinese imports to 104%. Trump also confirmed there would be no pause on tariffs, but said he would be open to negotiations with some countries. China vowed to “fight until the end” to secure its interests against the US, blasting the threat as a “typical unilateral bullying practice.”

ALSO- The EU to slap back: The European Commission is preparing a retaliatory tariff of 25% on a range of US goods in response to tariffs on steel and aluminium, Reuters reports, citing a document it had seen. The commission’s chief also said that the bloc would focus its trade with nations other than the US moving forward.

The markets continued to reel yesterday from the uncertainty around tariffs, with the S&P 500 entering the bear market briefly as it fell 20% from its peak — a dip that was interrupted by a seven-minute rally driven by social rumors on a potential 90-day pause on tariffs. The rally helped recover USD 2.5 tn in equity value, though that was later erased during the day,

WATCH THIS SPACE-

#1- Chevron to kick off surveying East Med seabed for Egypt-Cyprus gas link: Energy giant Chevron will start surveying operations for the east Mediterranean seabed the upcoming summer, in preparation for the has pipeline connecting the two countries, according to a statement from the Cypriot government.

REMEMBER- The Oil Ministry kicked off the Egypt Energy Show in February by signing two agreements with Cyprus to liquify and re-export Cypriot natural gas, following months of talk about an energy corridor connecting the two nations. Egypt will start receiving 400 mn cubic feet per day (mcf/d) from Cyprus’ Cronos gas field starting mid-2027 and another 500 mcf\d of gas from the country’s Aphrodite field by 2030, according to unconfirmed reports last month.

#2- KSA is restructuring its aviation sector as part of a broader national logistics plan aimed at increasing the number of destinations connected to its airports, Transport Minister Saleh bin Nasser Al Jasser told Al Ekhbariya in an interview yesterday (watch, runtime: 2:07). The plan will see the nation transition from a single national airport operator model to one with two major national carriers. It also covers fast-tracking the construction and design of the King Salman International Airport, alongside upgrades to arrival lounges at various airports, with development projects planned for airports in Jazan, Abha, Al Baha, Hail, Al Jouf, Taif, and others.

ICYMI- The King Salman International Airport — an expansion of the capital’s King Khalid International Airport — is poised to be one of the world’s largest, set to accommodate up to 120 mn passengers by 2030 and 185 mn by 2050. Officials announced In June plans to open the airport’s private aviation terminal in 2026, a passenger terminal in 2028, and its “iconic terminal” by 2030.

#3- Nations butt heads over carbon levy on shipping: Developing nations have accused rich economies of reneging on climate goals by hampering efforts to decarbonize global shipping, The Guardian reports. The division came to light during the International Marine Organization’s (IMO) meeting in London to discuss emission levies for the industry as part of amendments to the International Convention for the Prevention of Pollution from Ships. Negotiations over the levy will continue until 11 April.

Advocates for the levy: Tuvalu’s Transport Minister Simon Kofe argued — on behalf of a group of Pacific, African, and Caribbean nations — that imposing a levy on carbon-emitting shipping will have limited impact on consumers, predicting tiny price increases for end goods. For example, a hypothetical levy of USD 150 per ton of carbon emitted would raise the cost of a USD 100 pair of shoes by only USD 0.72, Kofe said. The proposed levy reportedly aims to hold the bigger polluters accountable, while sparing nations most vulnerable to rising sea levels.

The anti-levy camp: Economic heavyweights China, Brazil, and Saudi Arabia oppose the proposed levy, claiming that the resulting price jump would be too high. The EU reportedly favors a drastically scaled-down version of the tax.

A longstanding impasse: Negotiations had stalled late last year when many small island states lobbied for a USD 100 levy on each tonne of shipping’s carbon emissions. Major exporting economies, namely Brazil, China, and South Africa, resisted proposals to tax carbon emissions.

#4- Airbus deliveries up in March: Airbus delivered 71 jets in March, increasing total deliveries for 1Q 2025 to 136 jets, industry sources told Reuters. The figures showcase that the planemaker has picked up the pace after a lackluster performance in the first two months of the year, which saw the company deliver 65 jets, the company’s slowest delivery rate since 2021.

MARKET WATCH-

#1- Oil prices rebounded this morning, reversing a downturn streak caused by US’ all-out tariff measures from last week, Reuters reports. Brent crude futures rose by USD 0.81 to USD 65.02 a barrel, while the US West Texas Intermediate (WTI) surged by USD 0.92 to reach USD 61.61 a barrel by 00.51 GMT.

Asia’s crude oil imports dipped 2.4% y-o-y in 1Q 2025 to 26.44 mn barrels per day (bpd), Reuters reports, citing LSEG Oil Research data. The decline in imports contrasts with forecasts made by Opec+ and the International Energy Agency that Asia will lead global oil demand growth in 2025. US President Donald Trump’s sweeping tariffs have exacerbated the already-weakening demand for crude oil.

#2- Baltic index on a downward spiral: The Baltic Exchange’s dry bulk sea freight index — which tracks rates for the capesize, panamax, and supramax vessel segments — was down on Monday, reaching 1,401 points. The capesize fell 9.1% to 2,017 points, while the panamax index dipped by 4.8% to reach 1,356 points, its highest in five months. The smaller supramax index decreased by 6 points to 965.

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CIRCLE YOUR CALENDAR-

The UAE will host the IATA World Cargo Symposium from Tuesday, 15 April to Thursday, 17 April in Dubai. The event will host sessions, specialized streams, workshops, and summits related to technology, security, customs, cargo operations, and sustainability for over 1.4k industry leaders.

The UAE will host the Airport Show on Tuesday, 6 May to Thursday, 8 May in Dubai. The event will show products and technology for the airport industry from over 160 international suppliers and manufacturers across 20 countries. It will also provide a platform for networking with key players across seven airport sectors.

Saudi Arabia will host the Saudi Smart Logistics trade fair on Monday, 12 May to Thursday, 15 May in Riyadh. The event will provide insights into the latest international and local technology, solutions, equipment providers, and sustainable workflow practices within the logistics industry in the country.

The UAE will host the Global Ports Forum on Tuesday, 13 May to Wednesday, 14 May in Dubai. The forum will cover topics such as port strategy and development, port automation, finance and efficiency.

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

PIF-backed Avilease to lease out eight carriers to Turkish Airlines

PIF-owned, Riyadh-based aircraft leasing firm AviLease inked an agreement with Turkish Airlines for a long-term lease of eight Airbus A320neo jets, according to a statement. The investment ticket and leasing period have not been disclosed.

What we know: Two of the eight aircraft have already been delivered, and the remaining six are slated for delivery throughout this year, SPA reports. The move looks to support Turkish Airlines’ fleet expansion and modernization plans.

Doubling down on expansion plans: AviLease snapped up an unsecured USD 1.1 bn five-year loan to expand its fleet back in 2023. The jet lessor indicated the loan will be used for general corporate purposes, including the acquisition of additional aircraft. In October, AviLease acquired nine used aircraft from Avolon — bringing the company’s portfolio then to 167 owned aircraft.

The firm is looking to expand its fleet to 300 jets by 2030. The growth push should see the lessor’s cargo traffic double and increase its balance sheet to USD 20 bn from USD 6 bn by 2030, ultimately creating a “lot of capacity” to acquire wide-body aircraft, CEO Ted O’Byrne told Bloomberg TV in an interview back in 2023. The lessor also hopes to issue up to USD 2 bn denominated bonds annually as part of its strategy to help KSA diversify away from oil and become a trade and logistics hub.

IN OTHER AVIATION NEWS-

Emirates boosts its cargo fleet: The UAE’s flagship carrier Emirates is set to uptake five newbuild aircraft for its air cargo fleet, regional air cargo director Faisal Al-Shafei told Amwalaghad. The airline currently has 11 operational carriers in its air cargo fleet and expects cargo operations to grow by 10% through 2025. The move aligns with the firm’s plans to boost its cargo-dedicated fleet to some 32 aircrafts by 2030 and expand its cargo network to reach 72 destinations.

ALSO- The Emirati airline joined the Aviation Circularity Consortium (ACC) to reinforce sustainability in the global aviation supply chain, according to a statement. Through the partnership, Emirates looks to reduce waste, enhance efficiency, and streamline the transition to more sustainable aviation solutions. The Emirati airline will offer up its experience in embedded recycling and circular solutions — which it already deploys across its operations — to other players in the network.

What’s the ACC? The group looks to build a circular economy in the aviation sector by spearheading new ways to boost decarbonization in heavy industry and transport supply chains, according to its website. The network was founded by aviation leaders Jamco, Qantas, Titan Leasing, Vaupell, Nandina and Sumitomo Corporation.

Egypt's delivery app Rabbit lands in Saudi Arabia

Egypt-born e-commerce platform Rabbit officially launched operations in Saudi Arabia, establishing its regional headquarters in Riyadh, according to a press release (pdf). The company is targeting Saudi Arabia’s USD 60 bn food and grocery market, with plans to deliver 20 mn items across major cities by 2026. No details on the size of Rabbit’s investment in Saudi Arabia were provided.

How will Rabbit deliver? Backed by AI and hyper-efficient logistics, the company aims “to transform the grocery shopping experience for Saudi households, and deliver the best products…in just 20 minutes,” co-founder and CEO Ahmed Yousry said. “We’re building Rabbit Saudi, for Saudis, by Saudi hands,” he added, emphasizing that priority will be given to local suppliers and talent. “We’ve spent the last four years building and refining our tech stack in-house to make sure it enables fast, reliable, and seamless delivery at scale,” the CEO told Enterprise.

Why Saudi Arabia? Rabbit sees the Kingdom as a prime location for expansion, as local online grocery sales are currently at a low of 1.3%, compared to 5.3% in the UAE and 4.8% in the US. Moreover, the company aims to replicate in the Kingdom the experience it had in Egypt, where it achieved 8.5x revenue growth over two years and delivered over 40 mn items to 1.4 mn customers in three and a half years.

One key difference in Saudi Arabia is the growing use of motorcycles for deliveries, a shift from the traditional car-based model, which has enabled Rabbit’s ultra-fast delivery promise, Yousry told Enterprise. While some areas pose logistical challenges, the market is better structured overall than others where the company has operated before.

DATA POINT- The e-commerce sector saw one of the highest numbers in new business registrations, issuing 40.7k licenses during 1H 2024 — that’s about 18% of all businesses registered. Moreover, the industry is projected to reach a market valuation of USD 13.2 bn by 2025.

ICYMI- Rabbit secured its license to operate in Saudi Arabia from the Investment Ministry back in 2022 and currently operates fulfillment centers in selected neighborhoods across Riyadh, storing and delivering a wide variety of local and international products.

Future plans: Rabbit already covers 50% of Riyadh and plans to expand citywide before moving beyond the capital city, Yousry told us. In the long term, it’s looking at other markets across the GCC and Africa, positioning itself as a daily-use platform for the broader region.

About Rabbit: The Cairo-born company was founded in 2021 by Ahmad Yousry (LinkedIn), Ismail Hafez (LinkedIn), Tarek El Geresy (LinkedIn), and Walid Shabana (LinkedIn) to deliver products in as little as 20 minutes through its network of dark stores. Along the way, the food delivery company’s growth attracted investors such as Lorax Capital Partners, Global Ventures, and Raed Ventures.

Boluda Towage joins JV to operate towage services at Morocco’s Nador West Med

Boluda joins Marsa Maroc to operate towage in Nador West Med: Morocco’s port operator Marsa Maroc has formed a joint venture (JV) with towage services provider Boluda Towage France — a subsidiary of the Spanish Boluda Towage — to provide towage and assistance services at Nador West Med port under a 20-year license, according to a statement released last week. The JV will see the pair invest EUR 45 mn in the JV, in part to purchase four tugboats with a towing capacity of 80 tonnes.

What else we know: The license will enter into effect starting 4Q 2026, and the JV is designed to help Marsa Maroc develop its own towing business unit on the long-term, the statement added. Boluda Towage France will hold 51% of the JV, while Marsa Maroc will hold the rest.

Marsa Maroc has been on a roll: Marsa Maroc inked a 25-year concession agreement with Nador West Med in February for its Western Terminal. The port operator will invest EUR 280 mn in developing the terminal’s first phase, which is slated to be operational by 2027. It also inked an agreement the same month with MSC subsidiary Terminal Investment Limited to split ownership of Nador West Med Eastern Container Terminal.

This is what global investors expect in 2025 as Trump's trade turmoil spreads

EFG Hermes Research’s annual One-on-One live poll — the largest we know of in frontier and emerging markets — could not have come at a more critical juncture this year. The poll this time around was accompanied by plenty of chatter — and audible gasps at most of the results — as attendees of the largest investor conference focused on emerging markets attempted to look through the crystal ball and make sense of the events of the past week and how they will impact key indicators of investor sentiment and economic growth. Over 400 attendees had ten seconds to respond to each of ten questions.

The topic on everyone’s minds — the US’ trade war — was clearly causing anxiety, with most of the attendees (58%) expecting the trade war to escalate further from here, while 42% expect no further escalation.

The impact of the trade war is already trickling down to oil prices, prompting nearly half (48%) of respondents to project an average price of USD 70 per bbl for oil this year. Some 38% were even more pessimistic, forecasting a price of USD 60 / bbl or less. Oil prices have taken a hit over the past week since the tariffs were announced, with Brent crude reaching a low of USD 63 at one point.

Gold prices, on the other hand, are expected to rise — 79% of attendees expect it to end the year higher, as investors rush to haven assets amid rising uncertainty.

The majority of respondents also expect the S&P 500 to have a correction year — understandable given the sell-off that has taken place since the announcement of the tariffs, wiping tns of USDs in stock value and bringing it dangerously close to bear market territory. The S&P 500 ended yesterday down 0.2%, and 17.6% below its February peak.

The one thing that hasn’t changed much since the tariffs — expectations of the US Federal Reserve’s interest rate cuts this year. The majority of respondents — 46% — still see two cuts of 25 bps taking place this year, in line with what most Fed policymakers had penciled in earlier.

Zooming in on the Middle East, most (39%) of the attendees still see the Saudi stock market delivering the best performance in USD terms — same as last year — while 22% chose Dubai. Egypt was third, with 18% of respondents optimistic about the stock exchange’s USD performance.

Geopolitics was identified as the biggest risk for MENA markets, with 55% of respondents choosing it over oil prices and reform fatigue. Oil prices came in at a close second, with 41% of respondents seeing it as a risky factor.

Tap or click here (pdf) to see the full results.

KSA and Egypt’s non-oil private sectors see subdued activity in March

How KSA + Egypt’s non-oil private sectors fared in March: Purchasing manager indices (PMI) tracking non-energy sectors in the two countries saw slowdowns across the board in March, with Saudi Arabia holding above the 50.0 mark threshold — but at a slower rate — while Egypt’s two-month stint in expansion territory came to an end.

REMEMBER- The all-important 50.0 mark is the threshold separating contraction from growth. Anything above 50 denotes expansion, while anything below indicates contraction.

First up, Saudi Arabia: Non-oil business activity in the Kingdom slowed its expansion slightly in March on the back of strong customer sales and increased levels of business activity, according to the Riyad Bank Saudi Arabia PMI (pdf). The seasonally adjusted headline figure came in at 58.1 in March, dipping down from the reading of 58.4 in February, as new business growth continued to increase, but did so as its slowest rate since October 2024.

The new orders subindex fell to 63.2 down from 65.4 in February, according to data seen by R euters. Although the rate of growth in new orders has slowed from the 14-year high seen in January, non-oil firms experienced a “robust demand environment” at the end of the quarter, driven by enhanced marketing efforts, lower selling prices, and general improvements to economic conditions. Similarly, new orders from foreign markets also continued to rise, albeit at a slower rate.

Firms’ purchasing activity continued to rise, with businesses reporting another sharp rise in their total inventories — the fourth largest expansion recorded in series history. Meanwhile, input cost inflation fell to its lowest level in over four years, with firms seeing markedly weaker increases in purchasing prices. This, coupled with competition across the non-oil economy led to a drop in selling prices — the first such decline in six months.

Employment growth remained largely unchanged from February’s 16-month high, boosted by the increased sales volumes, with firms emphasizing “efforts to build their sales teams and overall capacity.” The first quarter of the year marks “the fastest pace of jobs growth since the third quarter of 2012,” according to survey data. “Rising employment rates are a direct benefit of businesses scaling up operations to meet demand. By providing more job opportunities, Saudi Arabia aims to nurture a skilled and ambitious workforce, reducing the unemployment rate to 7% for Saudi nationals”, Riyad Bank Chief Economist Naif Al Ghaith said.

REMEMBER-The UAE’s non-oil activity saw a “mild slowdown” in growth in March, with business activity continuing to improve, but at the slowest pace recorded since September of last year, according to S&P Global UAE PMI (pdf). The headline figure reached 54.0 during the month, down from 55.0 in February.

What the readings could mean for Gulf markets: “Looking ahead, the prospects for Gulf non-oil sectors have weakened in light of recent developments,” Capital Economics’ James Swanston wrote in a note seen by EnterpriseAM. “Worries over global demand and, in turn, for oil, coupled with OPEC+’s surprise hike announced last week has caused oil prices to collapse – Brent crude is now trading at USD 63 pb, a near 20% fall since the end of March. We highlighted that this now puts oil below fiscal and external breakeven prices in much of the Gulf, particularly in Saudi Arabia, and will likely see twin budget and current account deficits open up,” Swanston writes.

In Egypt, the non-oil private sector’s two-month stint in expansion territory came to an end, with declining demand and weaker output helping drive the trend, according to S&P Global’s latest Purchasing Managers Index report (pdf). Egypt’s headline figure fell 0.9 percentage points to 49.2 in March, down from 50.1 in February — however, despite the fall, the reading “remained higher than its long-run trend, suggesting that businesses are still in a good overall position,” Owen said.

New orders from both local and international sources fell, leading to local companies to trim spending and reduce operations. Companies also reported a drop in purchasing activity — decreasing for the first time in four months — alongside a reduction in workforce headcounts.

Input prices rose but at their slowest rate in 58 months, which may suggest that the increasing stability of the EGP against the greenback is helping ease inflationary pressures. The country’s private sector responded to the deceleration of input price inflation by raising prices at the lowest level during the quarter at the slowest pace in four years.

Businesses are unsure of what lies ahead, with companies’ expected outputs falling to some of the lowest levels reported by the index, which Owen attributes to an unpredictable future ahead for the local economy despite an improved inflation outlook.

All signs point towards a rate cut: “Following the sharp drop in inflation in February, the input and output price components decreased to multi-year lows and supports our view that the central bank will cut interest rates next week,” Swanston wrote in the note.

The UAE’s non-oil foreign trade exceeded AED 2.8 tn in 2024

The UAE saw its non-oil foreign trade grow 13.8% y-o-y in 2024, surpassing AED 2.8 tn, according to the Central Bank of the UAE’s annual report (pdf). Non-oil exports grew 29.3% y-o-y, while re-exports grew by 3.8%, and imports climbed by 13.5%. The performance comes on the back of an expansion in the UAE’s trade and economic agreements with several countries last year.

China was the UAE’s largest trading partner, accounting for 11.5% of total trade, followed by India at 8.5%, and Saudi Arabia at 5.4%. Key traded commodities included gold, telecommunication equipment, and motor vehicles.

REMEMBER- Prime Minister Sheikh Mohammed bin Rashid Al Maktoum previously said that the UAE’s non-oil foreign trade grew by 14.6% y-o-y to AED 3 tn in 2024. Non-oil goods exports were the key drivers of growth, increasing by 27.6% y-o-y to AED 561.2 bn, accounting for 18.8% of total foreign trade last year.

Updates on last-mile, aviation, investments, and maritime from Egypt, UAE, and KSA

SHIPPING + MARITIME-

#1- Arabian Drilling onboards a SAR 260 mn vessel to fleet: Arabian Drilling added a new SAR 260 mn self-elevating service vessel to its fleet, according to a statement on Tadawul (pdf). The new vessel — slated to enter service by mid-2025 on a two-year contract — aims to boost the firm’s ability to offer service activities to complement its drilling operations. Arabian Drilling’s fleet now consists of 49 land rigs, 11 offshore jack-up rigs, and two offshore self-elevated service vessels.

#2- Mawani adds new shipping service to Dammam Port: The Saudi Port Authority (Mawani) has added Milaha's new shipping service — dubbed Milaha Inta Gulf Express — to King Abdulaziz Port in Dammam in a bid to boost connectivity between KSA and global trade routes, according to a statement. The new service — with a total capacity of 1k TEUs — will connect King Abdulaziz Port in Dammam with the ports of Umm Qasr in Iraq, Hamad in Qatar, Shuwaikh in Kuwait, Jebel Ali in the UAE, and Sohar in Oman.

ZONES-

Thailand’s Hi-Tech Apparel began construction on its USD 20 mn sportswear factory in Egypt’s Qantara West Industrial Zone, according to a statement. The factory will have an annual production capacity of 6 mn garments, which will be exported to markets including those in the Americas and Europe. It is expected to kick off production early next year.

The 64k sqm factory marks the company’s first project in the Middle East and Africa, and it adds to its planned pipeline in Thailand, Vietnam, Cambodia, and Laos. The company produces over 60 mn garments every year and manufactures sportswear for companies, including US legacy brand Nike.

China stalls US LNG imports as trade tensions mount

China stalls US LNG imports: China hasn’t imported any LNG shipments from the US over the past 60 days — with no US shipments currently heading to the Asian nation, Bloomberg reports, citing Kpler data. The mild winter has led to a sufficient LNG inventory, giving China flexibility in reselling its US LNG to buyers in Europe and Asia.

This has been going on for a while: Chinese imports of US LNG have stalled for their longest period in almost two years as trade tensions mount between the two countries. Energy traders have diverted shipments to other buyers to avoid China’s 15% duty on US LNG.

ICYMI- China imposed a 15% duty on US coal and LNG and a 10% duty on oil, farm equipment, and some vehicles on 10 February in response to the US slapping a 10% tariff on Chinese exports earlier this year.

Calendar

APRIL

10 April (Thursday): Gulf Ship Finance Forum, Dubai, UAE.

14 April (Monday): CargoIS Forum, Dubai, UAE.

15-17 April (Tuesday-Thursday): Transport Middle East Exhibition and Conference, Aqaba, Jordan.

15-17 April (Tuesday-Thursday): IATA World Cargo Symposium, Dubai, UAE.

28 April-2 May: 7th Export Capabilities Exhibition (Iran Expo), Tehran, Iran.

MAY

6-8 May (Tuesday-Thursday): Airport Show, Dubai, UAE.

12-15 May (Monday-Thursday): Saudi Smart Logistics, Riyadh, Saudi Arabia.

13-14 May (Tuesday-Wednesday): Global Ports Forum, Dubai, UAE.

20-22 May (Tuesday-Thursday): Seamless Middle East, Dubai, UAE.

27-29 May (Tuesday-Thursday): Saudi Warehousing & Logistics Expo, Riyadh, Saudi Arabia.

JUNE

1-3 June (Sunday-Tuesday): Annual General Meeting & World Air Transport Summit 2025, Delhi, India.

2-4 June (Monday-Wednesday): Propak MENA, Cairo, Egypt.

5-6 June (Thursday-Friday): Supply Chain & Logistics Innovation Summit, Amsterdam, Netherlands.

11-13 June (Wednesday-Friday): Sustainability World Summit, Frankfurt, Germany.

17-19 June (Tuesday-Thursday): Terminal Operations Conference & Exhibition, Rotterdam, Netherlands.

19 June (Thursday): East Med Maritime Conference, Athens, Greece.

25-26 June (Wednesday-Friday): Decarbonizing Shipping Forum, Hamburg, Germany.

JULY

1-3 July (Tuesday-Thursday): ASEAN Ports and Logistics, Jakarta, Indonesia.

SEPTEMBER

4-10 September (Thursday-Wednesday): Intra-African Trade Fair, Algiers, Algeria.

24-26 September (Wednesday-Friday): Routes World, Hong Kong.

OCTOBER

1-2 October (Wednesday-Thursday): Saudi Maritime & Logistics Congress, Dammam, Saudi Arabia.

14-15 October (Tuesday-Wednesday): Investing in Africa Conference and Expo, London, UK.

NOVEMBER

3-6 November (Monday-Thursday): ADIPEC Maritime and Logistics Exhibition and Conference, Abu Dhabi, UAE.

4-6 November (Tuesday-Thursday): Air Cargo Forum, Abu Dhabi, UAE.

17-21 November (Monday-Friday): Dubai Airshow, Dubai, UAE.

EVENTS WITH NO SET DATE

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.

AD Ports-operated Safaga Port’s multi-purpose terminal will become operational.

Phase 3 of APM Terminals Tangier MedPort to be complete and operational.

1Q 2025: Sadr Park’s Logistics Center in Riyadh to be completed.

1Q 2025: Phase two of Jafza Logistics Park to be completed.

2026

2026 UNCTAD Global Supply Chains Forum, Saudi Arabia.

2027

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

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