What we’re tracking this morning regionally and around the world
Author Archives: enterpriseam admin
Budget Saudi subsidiary finalises acquisition of Overseas Development’s UAE arm
Rahaal uptakes a 70% stake in the Emirati arm of freight forwarder Overseas Development Company for AED 7.8 mn, after negotiating down the original AED 13.3 mn consideration
Suez Steel invests USD 120 mn in SCZone’s Al Adabiya Port
The facility, once operational, expects to handle some 5 mn tons of dry cast goods annually in its initial phase.
BLS opens USD 29.8 mn logistics center in Casablanca’s Tit Mellil
The logistics center spans across 50k square meters, with a storage capacity of 55k pallet positions
Omada & Jaecoo open largest distribution center for Chinese automotive brands in UAE’s Jafza
The facility has enhanced the firm’s shipping efficiency by 85%, cutting down the shipping cycle to 9 days from 60 days.
Morocco to invest USD 2.5 bn in Casablanca Airport
A new 7-square-kilometer terminal will be constructed at the airport to be the home base for the Royal Air Maroc’s fleet, which is planned to expand from 50 to 250 aircraft by 2033.
Egypt + Thailand establish Joint Trade Committee, Bahrain + South Korea expand trade opportunities.
Egypt + Thailand’s cooperation aims to remove trade barriers, diversify investments and exports to the Middle East and Africa.